MCAP Variable Mortgage Consumer Reviews

Avoid like the plague. Mortgage increased from $3,400 during the signing, became $3,700 in the first month, then $3,900 a second month and $4,500 the third month. They made it soooo hard to apply for the mortgage, always asking for new documents only to trap us in this mess. Thieves!

Make sure you comb through your contract with a fine-tooth comb. I was told I needed a co-signor, so I found one. When we went to sign documents 3 days before possession, my co-signor was on the title. It was not too late for me to run and find a new lender, so now my co-signor is on the title. To remove them after a certain amount of time is costly, about $2000-3000.
I also looked at refinancing and going back to the bank, but too bad for me, I was put into an arms-length agreement which you can not get out of unless you sell your home, and not to the family. This was also never explained to me upon applying for the mortgage. Be careful if taking a mortgage here!!!!