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Businiess name:
East Bay Mortgage Inc
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Review by:
citysearch c.
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Review content:
We met with the owner of the company over two years ago and he is quite slick. He convinced us to finance our home with an adjustable rate. At no time did Tane ever say that this would eat into our home equity. When I called Tane to discuss that we've lost over $8,000 one of his very rude employees said I misunderstood him. Well since that conversation, I have met three other people in Gig Harbor who also said they went with Tane financed with an adjustable rate and they ALL concur he never said this would negatively affect a home's equity. He's a very smooth operator and did not fully explain the ramifications of an adjustable, interest only loan. He told us we were protected because the government puts a cap on how high the interest rate can increase. Gig Harbor is a small community and word will get around. This man does not have a conscience.
Cons: He's a con artist.
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