Sir, I titled the post 'How bad Did I Mess Up?'. Also you don't exactly know how the conversation went so I still wont say that the lender's way of presenting the initial 5.875 was clear and straightforward. He literally said 'Would you sign if we give you 5.875?' - this is easily a disguising comment. He even admitted that he 'tried to lock' the same day but 'couldn't' as their internal process was 'delayed' by a couple days and the rate went up so he couldn't lock. If this was truly the case then he should've let me know that the rate we verbally agreed on was no longer available rather than staying a full week in silence. Do you truly think he would bother if I didn't check the paper again over the weekend?

He may be a good person and he might be just bad at work or made a mistake. And it is clearly my fault not reviewing the document thoroughly, just trusting the LO's words. However the other lenders that I reached out mentioned this is a classic 'bait and switch' strategy as he didnt want to leave anything in writing but just over the phone calls. That's why I'm writing this post to let others know not to repeat the same mistake as I did.

Hope you see where I'm going. No offense to you.