Aimloan will entice you with low rates, but when it comes close to closing, they will add additional fees. I told my husband that I felt like I had another part-time job faxing all the forms to them that they wanted. They are on another time zone, so I would get an email at 8 or 9 P.M. With another form that they needed. I would fax that the next day and then wouldn't hear back until 8 or 9 the next evening. Everything was approved and then we had the appraisal. We had just done a renovation and I had a respected agent from Soetheby's give me a valuation. I even went $100,000 under that when I listed my home value. The appraiser asked what I thought my home should appraise for. He then came in over $30,000 under that figure. I can understand the conservative approach in these economic times. This brought us from 54% loan to value to 64%. My problem is with the additional fees that they wanted to charge us for this. They gave the option of paying $21,000 down at closing or paying an additional $3750 in closing costs. We have excellent credit and even have several rental properties that are completely paid off. I wish I had done my due diligence when researching companies. I have wasted my valuable time and money. I hope this helps someone not make the same mistake as me.
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