Loandepot.com, LLC In refinance process,they took $495.00 from my credit card,and cheated me without refinance Foothill Ranch, California

16th of Oct, 2011 by User755511

One of the employee (James Stopani)of Loandepot called me to offer to refinance my home, and he offer 3.375% for 10 years ARM, he told me I need to pay $495.00 to lock this interest rate and appraisal fee and credit report fee. He also told me total finance charge will be $4000.00, I paid $495.00 through credit card, Appraisal is done on 09/12/2011. After few days we got appraisal report , and home value was $220000.00, I had applied for loan $150000.00

(146000.00 Loan Amount and 4000.00 Closing cost)

After one month on 10/01/11, Kim (employee of loandepot.com) called me and said your loan amount is now $156000.00, do you want to sing papers, I told this is cheating, for what $6000.00 extra. In this way they sent me several GFE(Good faith Estimate) in order to cheat me. I requested to refund my money , they did not refund my money , they told if I wanted to refinance I have to pay closing cost $10000.00, otherwise there is no any option and I will not get my money refund. In the beginning when I paid $ 495.00, James Stopani told me if loandepot.com is unable to refinance , I will get money back. But it did not work.

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