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They keep requiring more info from us and never seem to have a finalized loan agreement for us. This appraiser spent no more than 15 minutes at my home, measured nothing, and didnt even look in some of the rooms. Clean slate checking sometimes clean slate checking in life we just need a. The payment on a $200,000 15-year Fixed-Rate Loan at 2.75% and 70% loan-to-value (LTV) is $1357.25 with 2 points due at closing. Their motto "engineered quicken loans mortgage
to amaze" is true. No one seems to be in charge overseeing customer problems or resolving issues.
We too looked at Quicken Loans, not to refi but to purchase a new home. I found another finance company and got my refinance loan quickly. However, at about the time we were awaiting finalizing the loan, we received a call telling us we had been declined because the appraiser could not find a comparable to our home.
So you will have the comfort of knowing that you spent valuable company $ on them responding to a claim. We personally weren't badly ripped off like so many others, but the stress, badgering and incompetence made it one of the worst professional experiences of my life. Everything went quickly for about a week, then nothing. On September 25, 2012, 5 days before we close on the home, they notified me of a new condition.
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I completely agree with the previous comment, they make you resubmit the same paperwork hundreds of times. The banker I dealt with agreed with me about the home inspection versus appraisal. I requested information about refinancing my current home with a better rate. I am not so unique that having two homes and requesting a VA loan needs 16 emergency "you'll lose your loan if" late requests for information. They will have you resubmitting the same paperwork over and over because they are so unorganized. Negative items were brought up by them that had either been resolved or paid for over eight years.
Powerful online tools, like MyQL andMyQL Mobile, allow Quicken Loans to close the majority of their loans in 30days or less. The comps used in the appraisal were quicken loans mortgage not even near my neighborhood. But they required a full bank statement - not a summary, not certification from the bank, not a visual copy of the actual check and deposit of the funds needed.
Since I got a Quicken loan, I know for a fact that the initial paperwork they send you states a finite time period that the loan rate will be good for. I was also asked other questions such as. Its a **** shame but more and more lenders are doing things like that to meet their bottom line. I will be telling all my friends and family about them and will NEVER EVER RECOMMEND them to anyone. We can tailor our graduate loans to meet your needs.
They sent an appraiser who wrote the appraisal out as if he was a home inspector, not an appraiser. I'm glad he knew without ever being in my house how much my quicken loans mortgage upgrades were worth - wish I had a crystal ball like that. 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 found that the VA Funding Fee is waived by the VA for Vets getting disability. To ensure we give you the best client service, we monitor and record your communications with us. Documents were resent and resent and resent, being told we were about to close and me reminding them over and over that they haven't sent an appraiser out to the house yet, how can we close.
Speaking to a real person who is familiar with your file is wishful thinking. YOU changed your numbers and requirements. They were so startlingly different; anyone could have seen something was very, very wrong.
Quicken Loans has locked a higher rate on this, even though they failed to close on time and their rate offerings to others have dropped. How much money do you have in your checking account. Quicken explained many times - as if we were idiots - that almost 40% of their customers felt their appraisals were low. Learn about federal loans available for undergraduate students and parents. Better, since the rates were going down at the time that I built quicken loans mortgage and bought my house, Quicken kept lowering my finance rate.
Why is that listed if they didn't run my credit. So in short, I'm out $500, the low rates of the year/decade/century, and have wasted two months with people that are all about putting the fault of missing closing dates because they have no idea what they needed to close a loan. They surely did this on purpose so as not to approve the loan so they could keep my $500 application fee - and they did.
I contacted several companies to shop around. There are so many other banks and lenders that will pre-approve with NO FEEs attached - go there instead. Our appraisal was $50,000 lower than it should of been. As someone else on here said, once you get to the solutions consultants and the underwriters, you can hang it up. Results of find homes for sale in asheville. Mind you, they have no value to the sale nor do we owe any loans or liens.
Complaining up the chain of command of this person made things even worse. I have no outstanding loans or credit card other than the mortgage. Anyone who still has the time to research for loans and shop around should stay away from Quicken Loans. If we sell it, let me tell you, we will make $200K on it and it will be gone in a week.
Start driving the car of your dreams today vehicle financing with flexible, hassle free car finance. Of course, there was a mortgage on the property, thus the refinance. A poor credit rating can be a major barrier bad credit mortgages to getting a mortgage, but the good. My credit rating is excellent, but I lost the loan because of the appraiser. This was the most convenient process I ever experienced.
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Getting more information wasn't a problem except it took 12 days for them to realize it was a problem - your loan won't close and you'll lose your rate. A real mortgage bank took care of me after this ripoff from Quicken. In December 2008 and again in June 2010, I chose not to make their ridiculous deposit. To the uninformed consumer, the information provided by your expert may sound good and feasible, but that is exactly the reason the country is in the state it is currently in - deceptive tactics. I contacted your company and was placed with a Washington State expert. They told me no, that I already had such a good rate that I would likely not recover my costs in refinancing since I don't plan on living here forever.
The appraisal fee is to pay the company that did quicken loans mortgage the appraisal for their time and efforts. No, they want us to move the closing date until 2013 so that they can see my 2012 tax filing. Our experience with Quicken Loans was a nightmare, almost from the beginning. I got approved, did appraisal and appraised $35,000 lower than my current mortgage company. We asked them if someone could just use their eyes and look at the comps.
We had a very easy refinance, which should have been finished in less than 45 days, but the incredible incompetence, ignorance, unskilled/untrained employees, rudeness and ineptness was unbelievable. I'd steer clear, and use a local lender, preferably a direct, local lender. No application fee, no out of pocket, etc. Then, I needed $1,000 to bring to closing.
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After providing this info, do you think Quicken would give me a rate quote. To date 50 separate documents were requested, but in 16 separate requests. I would NOT be saving the quicken loans mortgage advertised amount, ever. As a business major, I am appalled by this tactic. Also, I was surprised to see in a new good faith estimate that my house value dropped $45,000 in one month vs previous good faith estimate. They didn't refund my appraisal fee and didn't return my calls all done on internet.
The solutions team sent the appraiser the new comps and he was allowed to add an addendum to the appraisal as to why he did not use the better comps two weeks after he had performed the original appraisal. Their need for proof of where our funds came from was ridiculous. Then, you have to contact them just to see where things stand.
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It is a 15-minute bike ride to the center of Ft. How odd that in a relatively stable home market, my home lost fully one third of its value according to the appraiser that was sent to my home. My annual salary is 1.25 times quicken loans mortgage the amount I want to borrow.