should mortgage person be paid if no acceptable mortgage is calculated?
I have 4 properties- 2 investment, 2 residential. My main home is with WaMu and has a second with Countrywide. The mortgage person told me he could get a second on one of my investment properties that he refinanced, then I could use that cash to re-fi my main home, I would be able to get out ,000 and then combine the 1st and 2nd plus get lower payments on this home. This has been vacant on for 2months, and he just told me that he could not get the second from the rental, and that I would have to come to the closing with ,000 for my main home to go through with WaMu,plus payment would be closeer to 00,a month with escrows collective ! I place a halt to this because it is a worse scenario than I have now . He is stating that I should pay him 00 for all his work! Do I need to pay him for his (as he stated child support)?
you need to pay him if you signed a contract with him that said you pay him 1k no mater what. If you didn’t, tell him to go to hell.