BluFi Lending pulled a bait-and-switch scheme on us. They promised us a 3.375% refinance rate and closing costs of $2,500, which was to be rolled up into the new mortgage balance. Once all the paperwork was completed the mortgage officer called us to congratulate us on having our loan approved, however there was a little glitch. BluFi stated their loan underwriter approved the loan at a rate of 3.675%, which would "only" cost an additional $20 per month. Also, we would need to pay $8000 out of pocket to complete the loan. Needless to say, we rejected the "deal". This experience cost us $400 for a property appraisal.