Drexel Hill Mortgage Inc
Extremely DisappointedExtremely disappointed. Drexel Hill Mortgage was a great experience. Our broker was responsive and helpful.
Then, just two hours before settlement, he discovered that he had misread our GFE.
Our closing costs were $4k higher than we had been told for two months.
We could not afford the additional amount, had already given notice at the old place, and couldn’t risk losing our house.
According to our broker, the only way to lower closing costs was to get a higher interest rate.
Although he could change the interest rate quickly, it still added $5k over the loan’s life, and the closing costs were still $3k higher than expected.
The company and he offered no solution to their error, and the company’s president rudely dismissed our application once we had submitted the paperwork.
Horrible, cannot rely on them when THEY have made a mistake; I shudder at the thought of what would happen if the buyer has made a mistake.