Has any one been riped off by a mortgage company?
I had made additional payments to National City Mortgage and applied to get relief of PMI and they would not cancell the payment. Even when I had payed my loan down to below 80% as they stated on their web site. Their site had the word “may” as to indicate this would not be that easy. PMI is a cash cow for banks and even when on faith you make all the required payments they still hold you hostage. To make matters worse they wanted to have me pay for an aprasel. This bank was unfair and all they wanted to do is pass the bulk to the PMI underwriter. Advice: Don’t let this banK or anyother bank screw you, get a loan for 20%