Liberty Bank for Savings

★★☆☆☆
  • 2392 N Milwaukee Ave

    Chicago, IL 60647

    Map & Directions
  • 773-492-6811

About Liberty Bank for Savings

Categories
  • ATM
  • Banks
  • Savings & Loan
Hours
M-Th 9am-5pm, F 9am-7pm, Sa 9am-1pm, Su Closed
Year Established
  • 1898

Finance

Finance
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We moved into this neighborhood in 1988 and Liberty Bank for Savings gave us our first mortgage. I was happy to have them invest in the neighborhood. Over the next 20 years, as we purchased more property in the same neighborhood, we always went back to Liberty for our financial needs. We had all our checking accounts with them. We now own our home plus three other rental properties in this neighborhood. We have had or refinanced eight mortgages and two lines of credit with Liberty. We had never defaulted or missed one payment in 20 years. In August of 2007 we wanted to refinance one property to bring an interest rate down. After treating us like strangers, requiring mountains of new paperwork and sending an incompetent appraiser, they actually denied our request for a refinance. I cannot tell you how offended we are. Liberty is a conservative, privately held bank and I understand their business model. However, a 20-year client in good standing should never be treated this way. Within 30 days we refinanced all loans we had with them and closed all our other accounts with them. I am sad to say I see this Bank no longer believes in the neighborhood and its residents. Don't do business with them.

2
★★☆☆☆

We moved into this neighborhood in 1988 and Liberty Bank for Savings gave us our first mortgage. I was happy to have them invest in the neighborhood. Over the next 20 years, as we purchased more property in the same neighborhood, we always went back to Liberty for our financial needs. We had all our checking accounts with them. We now own our home plus three other rental properties in this neighborhood. We have had or refinanced eight mortgages and two lines of credit with Liberty. We had never defaulted or missed one payment in 20 years. In August of 2007 we wanted to refinance one property to bring an interest rate down. After treating us like strangers, requiring mountains of new paperwork and sending an incompetent appraiser, they actually denied our request for a refinance. I cannot tell you how offended we are. Liberty is a conservative, privately held bank and I understand their business model. However, a 20-year client in good standing should never be treated this way. Within 30 days we refinanced all loans we had with them and closed all our other accounts with them. I am sad to say I see this Bank no longer believes in the neighborhood and its residents. Don't do business with them.

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Banking, Banks, ATM, Personal Banking, Business Banking, Loans, Mortgages, Savings, Checking

 

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