Precision Funding Group

★★☆☆☆

About Precision Funding Group

Categories
  • Home Loans and Mortgages

Finance

Finance
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1.5 2
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PFG strung us along for two months, made us jump through hoops, actually suggested a closing date and time and then pulled the rug out from under us the day of the proposed closing after telling us it was a "lick & stick" loan. We wanted to refi a completely remodeled two family victorian with a variable loan for $218,000. The appraisal came in at $288,000. We own our primary resident outright valued at $300,000, have credit scores in the mid 800's, have $0 debt, earn over $225,000/yr and our net worth was recently estimated by a CFP at over 1 million. This is all accurate information! PFG based their decision to deny based solely on comps which are not abundant due to the fact that homes are not selling in this economy, an economy created by greedy mortgage companies much like PFG. They billed our credit card $595. for the appraisal after telling us it was going to cost $450.00. When called on it they said they would reimburse us $200.00 at the closing. What closing? Now we are out $595.00. Before you consider wasting your time doing business with PFG I think you should ask yourself, if we couldn't get a mortgage, can you? Look at a small community bank. They deserve the business and you can put a face to the name. There is a reason why mortgage companies offer lower rates. They make it up in closing costs which are often more than they let on. Good luck!

1
★☆☆☆☆

PFG strung us along for two months, made us jump through hoops, actually suggested a closing date and time and then pulled the rug out from under us the day of the proposed closing after telling us it was a "lick & stick" loan. We wanted to refi a completely remodeled two family victorian with a variable loan for $218,000. The appraisal came in at $288,000. We own our primary resident outright valued at $300,000, have credit scores in the mid 800's, have $0 debt, earn over $225,000/yr and our net worth was recently estimated by a CFP at over 1 million. This is all accurate information! PFG based their decision to deny based solely on comps which are not abundant due to the fact that homes are not selling in this economy, an economy created by greedy mortgage companies much like PFG. They billed our credit card $595. for the appraisal after telling us it was going to cost $450.00. When called on it they said they would reimburse us $200.00 at the closing. What closing? Now we are out $595.00. Before you consider wasting your time doing business with PFG I think you should ask yourself, if we couldn't get a mortgage, can you? Look at a small community bank. They deserve the business and you can put a face to the name. There is a reason why mortgage companies offer lower rates. They make it up in closing costs which are often more than they let on. Good luck!

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Precision is a somewhat new Broker to the industry and I don't think they will be around a long time in this market. The clients that I have dealt with who have used them have been very disappointed.

2
★★☆☆☆

Precision is a somewhat new Broker to the industry and I don't think they will be around a long time in this market. The clients that I have dealt with who have used them have been very disappointed.

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