Complaint / Review
Precision Funding Group LLC
PFG Said they were direct lender and all lenders were right around same price. Ha, everyone other bank was much lower then them

This guy on the phone told me how great his bank was and how all banks got the money from same place and they all were right around same rate. He said if anyone told me a much lower rate they were lying. He also said his bank closed loans in about 2 weeks and no one else did that and they took a month or two. I got him to email me a quote and was very close to moving forward. Something didn't seem right so I decided to make a call. A quarter percent lower in rate and almost two thousand less in fees. Maybe this was one of those liar. Then another bank was almost the same as the first, a quarter percent lower with lower fees or almost a HALF percent lower with same fees. Then I decided to really see what was going on. All in all I got 4 other quotes that were all MUCH lower then this Precision company. I chose one but was nervous because of all the 'scaring the saleman' did telling me to call him when they changed the rate or fees, or after a month with no closing. Well, maybe I was just lucky but the loan closed in 17 days and was $125/mo less then what I was quoted at PFG and with a thousand less in fees. So much for all the liars and banks that take months to close loans and everybody gets the money at the same price so the rates should be about the same. I almost went with this company because the saleman was very persuasive and then I spent the entire time waiting for the other loan to close anxious because of all the fear he used. I don't know what other peoples experience is with this company, but to me they are vastly overpriced, and rely on salespeople that use fear and misinformation to make you believe that every other bank is lying about their quotes or going to take forever to close and change it all around. If I keep this loan it will cost me nearly $50000 less and it closed in less than 3 weeks. My advise, if you get a quote from this company, make sure you are skeptical of their fear mongering and check with some other banks first. I'll admit I've heard from some friends that used bad lenders and had problems, but a little homework and you can get a great rate closed quickly without too many problems if you are qualified. Just do your homework, I would have tossed a lot of good money away if I hadn't have done mine.