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Can you say Consumer Fraud Protection Bureau. So, I took the loan details to a lawyer who told me not to do it before he even looked at the papers and told me that Quicken is known for the games I described and verified it. I was also asked other quicken loans refinance questions such as. She asked a couple qualifying questions then transferred me to one of their VA loan speitts as I was going to do a VA-guaranteed mortgage refinance loan. As I am a Veteran, Quicken recommended a VA loan. No, they want us to move the closing date until 2013 so that they can see my 2012 tax filing. Jobs in ethiopia search post ethiopian jobs and vacancies free check out the. Once the appraisal came in lower, quicken loans refinance stopped communicating altogether. We tried to get our home refinanced with Quicken Loans, and all I can say is run. Our experience with Quicken Loans was a nightmare, almost from the beginning. When you set up a loan for money you've borrowed, Quicken asks for basic information about your loan, such as the amount owed, length of the loan, interest rate, and payment method. They talk every situation into FHA loans as they make more money off them and tried to sell me the wrong loan for my type of property. I got preapproved, locked in rate roughly 4 weeks ago. I contacted your company and was placed with a Washington State expert. Reference provider in business services in the cloud, managed security. I asked questions about what was happening and was given such a vague answer every time. After an hour of runarounds, I got the copy of our appraisal that we paid for upfront. I’m talking about mortgage rates taking yet another drop and setting new record lows across the board this week, continuing a three-week long free fall. After providing this info, do you think Quicken would give me a rate quote. After asking for $400 upfront to continue, I told him that I was quicken loans refinance going to shop around to see what other rates I could find. FHA Streamline If you are currently in an FHA loan, our FHA Streamline program will ease your qualification and may give you eligibility for no appraisal. He also mentioned that while we had a high-end log home construction and a lake view, he did not consider them in his evaluation of the value. I asked for a copy of our appraisal and had quicken loans refinance to wait over a week with no return calls. In this case, a few areas of stucco needed patching/painting - not major value impacting nor requiring repair per appraisal doc. My annual salary is 1.25 times the amount I want to borrow. The only thing he would do is take my information for a loan application with a non-refundable quicken loans refinance fee rather than provide information to me to choose a mortgage wisely. A couples of weeks later, I received a new good faith estimate where I can see that my closing fees is going to be now $2,055.57 on the loan they added private mortgage insurance (which I am not paying with my existing loan) and my monthly mortgage payment is going to be $92 more what I am paying now. Pay stubs were provided three times digitally, and yet they could not read them. Because of the delays, the taxes were paid by my current servicer, but the closing costs only dropped by a small amount. If we sell it, let me tell you, we will make $200K on it and it will be gone in a week. Mortgage rates investment property online calculators for determining. Does anyone know which asset management bank of new york mellon reo dept company ies handle their. They determined that they could not offer the refinancing as initially estimated as my condo appraisal came in under target. They will have you resubmitting the same paperwork over and over because they are so unorganized. Quicken Loans contacted me stating I was selected to receive a special streamline refinance on my home by Greentree. And again she determined that I didn't get a fair appraisal, but it's not worth her or my time to make things right. I tried several times on several days to contact her, not leaving a message, just to catch someone. I provided QL with all of the paperwork, proof and letters they needed within a week of the application. Noticed estimation of settlement changed significantly after the appraisal came in lower than expected (note, this is a simple refinance for a veteran. They still wanted her social security number. My initial complaint was that the appraisal was inaccurate. From transferring your balance to a credit pay off credit card debt card with a lower apr to reducing bank. Maybe, just maybe, they should have quicken loans refinance told me this a few weeks ago. I started to feel very uncomfortable and told her I would get back with Quicken if interested with their company. Quicken Loans assured me I'd get a loan and they would refund my appraisal fee if I didn't. When we bought the place, the agent said it had been on the market for one day and we were the second offer already. Company Response Welcome If complaints about your company appear on our site, we welcome your response. FHA Loan Insured by the Federal Housing Administration, this mortgage allows you to refinance up to 97.5% of your home's value.
Not only is their request impossible, I have to wonder if it is legal. Consequently, they could only offer me a lesser amount above and beyond my original mortgage balance. I then went on the VA.gov site to see what info they had. I contacted Quicken Loans to initiate a refinancing of my condo. After telling my story to a second representative (Rachael), she said she wanted to help if the appraisal was inaccurate, but my upgrade didn't add a dime of value to my house; rather, it just increased saleability. We filed a complaint with the Better Business Bureau and are waiting to hear back on that. I gave you the letter saying they took less. The appraiser used comps from a completely different area of the state 60 miles away. I found that the VA Funding Fee is waived by the VA for Vets getting disability. The banker I dealt with agreed with me about the home inspection versus appraisal. We argued with them to try to get our money back, but that fell on deaf ears. It is now 4 months later and still no idea when closing might occur if ever. Everything you read on complaints concerning customer service is true. I'm not sure how much of a cut they get out of the appraisal fee, but I know this is how this company needs to make their money because they don't have an honest, hardworking bone in any of the 3 bodies that I worked with. Next, they were confused about where the property was located and where we lived. In order to quote me a rate, the bank needs the following info. The average waiting period from mortgage lenders after bankruptcy is to get. We looked at several lending quicken loans refinance companies for a refinance. At that point, we got the "Sorry we can't help you and I made a mistake when I told you there was a second option available" bait-and-switch response. Now remember, this was $55,000+ we were going to give to them. Use rentals com to find rental houses find apartments for rent and foreclosed homes across the us. We do have a new mortgage with them but I actually feared writing a complaint until I paid our first payment due to the craziness of this company. Use Loan Setup to add a new Quicken account quicken loans refinance to track your new or existing loan. He stated that at closing, the numbers are even more messed up and you then have to decide to sign or walk away. A box was checked that said we hadn't done any major upgrades in the last 15 years. |
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Some banks and savings and loan companies publish their rates. The underwriter demanded a divorce decree or court ordered separation agreement. It has a huge legal well adjudicated for enough water to grow rice. The other amazing thing I learned after talking to Rachael, knowing that I may have been underwater, she stated that once Quicken determined what the actual value of our house was the HARP 2.0 was no longer an option and that they do not reveal this fact to the customer. I guess they were just calling me a liar. Then, you have to contact them just to see where things stand.
But according to Quicken, our house doesnt qualify because there were no comparables.
All was going well, and they quickly billed my credit card for $500, until my appraisal came in. So there was a $1000 needed to keep up with the loan. I will discourage anyone and everyone I know from doing business with them. It also states their decision was made based on the information I provided to them.
If so, do what were going to do and tell everyone you know that they engineered to amaze.
I would steer every marine, airman, soldier, and seaman to avoid Quicken. You can extend or shorten the life of your loan depending on your needs. I want the lowest rate with zero buy-down points and the lowest closing costs. Unfortunately, we had ignored advice from others to avoid QL in the first place. I can, and Im so not a whistle blower or a user of such agencies but I cant help but look to them to protect other consumers in the future.
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We too looked at Quicken Loans, not to refi but to purchase a new home.
The University ForumI regret I did not research here before giving them any money. So I am out $500 for the credit report and appraisal. Take our advice - Stay away from Quicken Loans. I applied for a mortgage loan with Quicken Loans. The information on this Web site is general in nature and is not intended as a substitute for competent legal advice. They gave an adverse action without a reason. For more information, see about us, FAQ and privacy policy. Owning a home gives you distinct advantages. I am not so unique that having two homes and requesting a VA loan needs 16 emergency youll lose your loan if late requests for information.
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