Kal Financial

Customer Service

Our agent recommended Daniel at Kal Financial for helping us get into our first house.

Daniel was very friendly and nice. Everything seemed fine.

A bit later, as it got closer to closing, we told Daniel that we had been doing some mortgage shopping on our own and we found a better interest rate than what he was offering us.

So he agreed to drop the interest rate for our mortgage with him.

Well, a week or so later, a day after we were supposed to close-he told us he could no longer offer us the interest rate we were promised, and basically told us that we had to accept a much higher interest rate in order to get our mortgage.

At this point, We were forced to go with them, because otherwise we would lose our house and our deposit in escrow.

I understand miscommunications can occur but the worst part of it was no one at Kal took any responsibility for us being forced into a higher interest mortgage when we had other options available-but didn’t take-based on their promise.

If anyone is considering going with them, I suggest going over all documents extremely carefully. And get everything in writing.

Is Kal Financial legit?
Kal Financial is not a legit business owner or provider. They are not aggressive towards their customer satisfaction and complaint grievance, and hence 1 consumer(s) was/were given a Kal Financial as a negative rating, and only a few left positive feedbacks.
Where is Kal Financial located?
Kal Financial is headquarted at 2542 S Bascom Ave Ste 130 Campbell, CA 95008. We do not have any affiliation with the better business bureau or yelp reviews platform. You can contact Kal Financial by dialing (408) 834-4571 or visit their website kalfinancial.com.
How much monetary loss is incurred by Kal Financial’s customers?
According to the reviews posted by Kal Financial’s customers, US $3266 was the total loss incurred, and hence the severity of the scam is medium.

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1 Review on Kal Financial

  1. Our agent recommended Daniel to us to purchase our first home.

    Our agent recommended Daniel to us to purchase our first home. As the first home buyer, we appreciated Daniel’s patience to walk us through the loan process.

    However, we were very upset when Daniel asked to pay additional 40k-60k as the down-pay/points to close the loan in the last week of our loan process, otherwise we could not get the rate he committed in the beginning. We do not have much money and were at the risk not being able to close the loan.

    Do not use KAL financial or Daniel as they are not trustworthy. It is a big waste of my time and put myself in huge risks. Their rate is not competitive anyway, nor is the efficiency. It took longer to close the loan with Kal Financial than normal big banks.

Reviews:1
Reported Loss :3266 $
Severity of Scam :Medium
Reported by : Anonymous
Views :