How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Roger Your Own Question
Roger, Attorney
Category: Family Law
Satisfied Customers: 31768
Experience:  BV Rated by Martindale-Hubbell; SuperLawyer rating by Thompson-Reuters
Type Your Family Law Question Here...
Roger is online now
A new question is answered every 9 seconds

Oct 2010 initiated refi with local credit union (Nov 2010 job

Customer Question

Oct 2010 initiated refi with local credit union (Nov 2010 job loss). Retired but investing all retirement monies. Income was from year of severance, savings, bonus, etc. Due to circumstances, was told refi approved but at a higher rate. I agreed to higher rate, signed, dated all docs and everything submitted. Months later - delaying. I asked for a closing date - was told they've changed and now want to offer an ARM at an even higher rate. Nothing in my situation has changed since Oct 2010 documentation. What are my options? Too late to approach any other financial institution.
Submitted: 6 years ago.
Category: Family Law
Expert:  Roger replied 6 years ago.

Hi - my name is Kirk and I'm a Family Law litigation attorney here to assist you.


You should give the local credit union an ultimatum to either close out the refinance or begin looking for another lender. It would be unfortunate to have to start over, but if the current credit union isn't going to close out the deal, you might as well move on.