Dear C.
I applied for a home mortgage online…
I applied for a home mortgage online 7/22/19. Chase offered me 3.75%, no points and a $1,000.00 credit with a rate lock. On 9/15/19 I received a MORTGAGE COMMITMENT LETTER. On 9/18/19, ONE WEEK BEFORE THE CLOSING, CHASE CALLED ME AND PULLED A CLASSIC BAIT-AND-SWITCH. Chase said I had a bad debt-to-income ratio and said my wife's lower credit score would be used to change my mortgage, eliminating the $1,000.00 credit and adding $5,100.00 in points. No further explanation or documentation to support Chase's claim of a bad debt-to-income ratio was offered. My FICA score in July 2019 was 797! Chase waited to the last minute to raise this issue and offered no explanation for the delay. I could have gone to a different bank for a mortgage if there was more time. This was a horrible experience with Chase.


