I am very sorry your loan did not work out as expected. We make no money when a loan does not close. We actually incur production costs that are never recouped when a loan does not close. Outside vendors perform the property inspections and charge fees for doing so and we have no say in the results...
of their work. The costs associated with seeking a mortgage loan, such as appraisal which includes property inspections and assessment of functionality, safety and soundness of the structure are not uncommon at all and do not guarantee an approval. These inspections make sure that the property is safe and will not cost the perspective homeowner harm or excessive cost years down the road.
Thank you for notifying us of this issue. We have since made corrections and mailed the new copy on Feb 10th, 2017. Please let us know if you have not received it by Feb 15th.
I am very sorry your loan did not work out as expected. We make no money when a loan does not close. We actually incur production costs that are never recouped when a loan does not close. Outside vendors perform the property inspections and charge fees for doing so and we have no say in the results...
of their work. The costs associated with seeking a mortgage loan, such as appraisal which includes property inspections and assessment of functionality, safety and soundness of the structure are not uncommon at all and do not guarantee an approval. These inspections make sure that the property is safe and will not cost the perspective homeowner harm or excessive cost years down the road.
Thank you for notifying us of this issue. We have since made corrections and mailed the new copy on Feb 10th, 2017. Please let us know if you have not received it by Feb 15th.