FHA mortgage Application, originator, mortgage broker
Network Capital Funding Corporation Mortgage department,
FHA mortgage Application, originator, mortgage broker Florida
I was trying to refinancing an FHA loan, my actual loan amount is $220000.00, the lender Network Capital funding corporation want to do a conventional and they changed many times the numbers, last Loan estimate was that my loan amount will be $230000.00 included the closing cost and the escrow. They ordered an appraisal, that I paid $470.00, and came out $370000.00. The lender sent me the closing disclosure with $230000.00 my loan amount with a closing cost increased for almost $4000.00. When I asked explanation they said that I told them that my house had a value of $380000.00 so they have to charge me - points and other stuff. They did n't send me a revise Loan estimate and my house is not under value. They keep calling me saying that I will save so much money and in six month I can refinancing again with $0.00 closing cost. They insisted that my new loan would be so convenient for me and they said that the numbers changed because the appraisal came out $370000.00 instead of $380000.00, before they were giving me a lender credit than after they just increased the closing cost with $0.00 lender credits. They called me again last week, -, saying that they want to fix it, he said that he really care and he want to close the loan, after almost an hour he proposed me 25 years refi loan, I told hm to send me everything by email, and only after see the numbers I would decide it. He sent to me and the numbers changed again, I sent email asking to fix it and asking the reason for the changing, no answer to all my emails. This company is ridiculous, they give you only loans that are not convenient they tell you numbers and after they change everything, unprofessional and very dangerous, I want just my money for appraisal back. Thank you.
Network Capital Funding Corporation customer in Florida
Mar 07, 2017
* Source: CFPB Complaint Database
Network Capital Funding Corporation response to complaint:
Closed with explanation
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