Quicken Loans
Interest Rate Rose Despite Lock Promise, $400 Deposit Not Refunded

Business & Finance

I recently contacted Quicken Loans for a refinance on my current mortgage. I figured they were a reputable company simply because of the amount of advertising they do. After hearing what they could offer me, I agreed to pay the $400 upfront appraisal fee. Originally, Quicken had told me that the interest rate would be locked when I gave them the $400 deposit. Towards the end of drawn out and delayed process, I learned that the rate had gone up. 375%. This is when I started doing research to see if others had similar experiences. I read all of the negative reviews from this website, many of which having to do with my exact situation. At this point, I attempted to get the $400 deposit fee refunded. When it became clear that I would NOT be refunded this money, I started to look elsewhere.

I then obtained a new mortgage lender on a recommendation from a previous complaint that someone had written regarding Quicken Loans. The company is First Integrity out of Costa Mesa California. Their website is www.firstintegrity.Us. I could not be happier with my decision. First Integrity kept their word, was in contact with me in every phase of the loan transaction, promptly returned my emails and phone calls, did not charge any upfront fees, gave me accurate upfront quotes, and reimbursed all of my closing costs as promised. My loan representative was Sam Pabuwal, phone number 949-200-7018.

Please do not use Quicken Loans for any reason. If you need more proof, read all of the negative reviews about them on this website.


Company: Quicken Loans
Country: USA
Site: quickenloans.com
  <     >  

RELATED COMPLAINTS

Quicken Loans
Unethical Bankers and Non-Refundable $500 Deposit After Cancelling

Quicken Loans
Insisted on $500 Upfront, Failed to Make Loan and Kept Money

Quicken Loans
Interest Rate Raised After 30 Day Rate Lock Expired

Quicken Loans
Misled After Loan Denied Following Termite Treatment

Quicken Loans
Appraisal Far Below Earlier Value and $500 Deposit Kept

Quicken Loans
Loan Denied and $500 Deposit Kept After Refinance Promise

Quicken Loans
Bait and Switch on the VA Home Loan

Quicken Loans
Appraisal Copy Never Sent and $500 Deposit Not Refunded

Quicken Loans
Deposit Kept After Loan Was Not Possible Under Agriculture Rules