My husband and I bought a house and used a mortgage broker who hooked us up with GE money.
Now, 3 years later, we are paying an extra $1000/month due to "interest rate rises".
In the last 2 months, the official government rates have dropped by 1.75 % but GE decided not to drop theirs right away but months later when it did....it did by only a third of that.
While other banks are charging 7.14% we are paying 8.62%!!
What a scam!! We are paying $750/month more and that's $9000/year more than we would with anyone else!
Learn from our mistake and stay far away from GE money!
Thursday, November 20, 2008
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