Loanontime

Loan Service

I don`t have a good experience with Loanontime. I started to refinance my home loan two months ago.

At the begining I have been told that I have 60 days after they lock the rate.

After almost 30 days they told me that the lender penalized me %0.25 because I was late but part of the delay was them asking more and more documents over and over and late replying my emails.

I accepted the penalty but after nearly two months and a lots of delays from them with the excuse of waiting for the lender, I have been told that my loan got denied from lender because I have an unpaid 401k loan.

They could have told me before hands. My brother has the same issue with this company at the same time with me.

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1 review on Loanontime

  1. Really Bad Service

    Heard the loan broker’s owner AB on a radio show, so I trusted him at beginning, but my refinance with the firm end up became a disaster. They convinced me that refinance with them and paying off an existing loan would not be subjected any penalty from existing lender; however I was trapped into a 9 thousands plus penalty after the refinance.

    I called and emailed AB many times, he ignored me; finally I got hold of him but he refused to help me and denied any responsibility. Loanontime made more than 5k from my loan but don’t help me a penny for their misled penalty consequence, greedy and irresponsible! I wish there was a zero star rating option here.

Technology Drive 1731
San Jose 95110 CA US
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Reviews:1
Reported Loss :5458 $
Severity of Scam :High
Reported by : Anonymous
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