Worst company to work with for Mortgage. Pulte Mortgage will give you 4K lender credit, if you close with them. But they will make sure they exaggerate all the closing fee and take back those 4K.
In addition, you will be ending up paying atleast 2K for only closing close. The escrow or prepaids are additional.
Will take all the advantages they can take of a poor customer. They will initially quote out of world rate.
Say if the rate in the market is 4.5, they will quote 5 as minimum. If you don’t shop by, you are gone.
And if you shop by and forward the other offers, they will match it immediately.
What does that mean? Do they think, a customer is Joker?? to play with??
Processing is a nightmare, none of the other lenders asks as detailed documents as these wants.
Bank Statements and we have to write in excel sheet how much we are going to spend penny by penny until the loan is closed.
When you have the credit score??? what non sense all these are??? The credit score it self will tell about, what a person is upto.
And coming to the other funniest part…the credit score…. I don’t know which systems they will use to check your credit.
I had three credit pulls in total for my mortgage. The median score was 750 with all other two…whereas Pulte median is 734 (they want to show me below 740, which is cutoff for better rates).
The list doesn’t end….where ever it is possible and how ever it is possible…..Make money and more money, no ethics at all…..
I am surprised to see some 5 Star ratings, may be they paid 20% down and 15 years, with provided counter offers from other lenders.
Stay away and don’t fall for the stupid lender credit.