Dear all potintial borrowers,
I have been in the mortgage industry for several years but recently took a change in career paths. I went to get a refinance on my existing mortgage due to an ARM that was getting out of control. I applied on Lowermybills.com for the best deal.
I was soon contacted by a loan advison from SurePoint Lending. He told me he was a direct lender and had the best deal out there and would get me the lowest rate and closing cost possible. He also told me not to have anyone else pull my credit or I might drop my credit score and not be eligiable for the loan anymore. I listed to him and sent him all the documents he requested. We also scheduled an appraisal to be done that was going to cost $350. He told me closing cost were going to be $1990 total including appraisal.
It took about a week for him to get everything in order so we could close. We set up a closing to take place that night at my house. When the closer showed up with the paperwork nothing was what I was told! I was quoted a 6.375% and was getting a 7.125%. Now lets no forget about the $1990 total closing costs. They totaled up to be over $5,000! I did not sign the papers and asked the woman to leave. I later asked for a copy of my $350 appraisal and they told me they would send it but never did (still trying to get a copy).
After doing more research later I found that this is a common practice for the staff at Surepoint. I aslo found out they are in fact NOT a direct lender at all but BROKER there loans though country wide home loans and charge a higher interest rate to make money.
DO NOT USE SUREPOINT!!! They are a middle man. They are a joke. Better off going to Country Wide direct. There rates, closing cost, customer support and integrity are in need of much improvement!
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