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As a mortgage broker that has worked previously for one of ameriquest's competitors in the retail market i've heard some things regarding their company that could be construed as shady. First off, I don't know your credit score or what loan-to-value you qualify for. My suggestion would be to find a broker who could probably get you qualified for a greater LTV than ameriquest would. From what I understand you're going to have 3 or more points on any loan from ameriquest. This is just what I hear so consult your Good Faith Estimate. As far as a stretched appraisal goes, most individuals in the mortgage industry can get one done. It's not always the best option though if you can get qualified for more based off a regular appraisal.
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