I was asked to make a good faith deposit to lock in a mortgage rate and gave him my credit card number.?
by Mortgage Rates on Wednesday, October 27th, 2010 | 3 Comments
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If you are doing this mortgage online, then my suggestion would be HECK NO!
I have purchased several homes. When I was approved for my loan I was locked in till closing. I ask for a letter to that fact. NEVER did I have to give anyone any money.
“He” knows just as well as you know that despite his best efforts to scam you (and this scenario sounds like a scam) that because you paid money with a credit card you can always refute the payment with your credit card company to not be charged. This sleazy move is nothing but a scare tactic that makes the buyer (you) feel locked in when you aren’t.