Lender Changes Mortgage Rate At Closing

Q: When I applied for a loan the lender took advantage of me. I paid $7,000 to lower the interest rate to 5.25 percent but he printed the mortgage documents to show that the rate is actually 5.75 percent. What can I do after closing?

A: You should have caught this at the closing and refused to close until the proper paperwork came in.

If you have this deal in writing, you can go back to the lender and show them that they made a mistake. Otherwise, you can complain to the department that regulates mortgage lenders in your state.