I wish that i would of read some of the reports on this website about HomeloanCenter.com, before I had my awful experiance with this company.
I submitted for a loan on lendingtree.com and as soon as I clicked submit a "fast talking" salesman was on the phone with me. He acted like he was my best friend too, until I cancelled the loan. He had a great loan for me, almost to good to be true. He in fact got me to put down a 600 lockin deposit. When I asked if I would get this deposit back if I decided not to do the loan, his response was that homeloancenter.com is in the business of doing loan not taking people 600 dollars. So I made the BIG MISTAKE of faxing him the lock in agreement with my signature.
I got to talking to some people at work about this loan and they told me it sounds like a negative amortization. Which in most cases is a bad loan because your mortgage actually increases overtime. When I called him up and asked him if it was a negative amortization loan he said "no, it wasn't." I was still suspicous and I called back to the customer service line and talked to someone else and gave them my loan program code and they told me it was a negative amortization. When I called him back and I told him I found out that it was a negative amortization his response was well of couse it is. But that he didn't need to tell me that because my mortgage won't increase because of the amount that I am paying.
At this point I had just been lied to and misled so I cancelled the loan. Now, I can get my 600 dollars back because I signed this lock in agreement. I have tried calling supervisors at HomeloanCenter.com and they are just as bad. They won't return your phonecalls and I think even use caller ID to screen incoming phone for unhappy customers. I was told by a supervisor that the lock in agreement clearly states that it is a MTA... As if I'm a loan expert and should know what an MTA is...
Here I have a 600.00 lock in deposit on my credit card and nothing to show for it. HomeLoanCenter has my 600.00 and did nothing but lie and to me to earn it. Am i upset. You bet! Stay away from HomeLoanCenter.com!!
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