I was very optimistic regarding Nail Your Mortgage, especially after reading their blog and their whole “no games” policy they advertise.
However, I will never recommend this company to anyone, ever, and will tell people to stay far far away.
My fiance and I signed up to use this broker’s services and had a nightmare experience.
We were assured we would close by June 30th on our condo, yet weeks later, and after 2 failed closings we had to fire them.
Not only did they wait until the day before our closing to submit our application to underwriting, they ruined our closing by not filling out the Hud-1 form correctly.
On top of that, they told us the morning of the closing that we would have to waive $3500 of our seller credit we were receiving.
We are extremely upset that we wasted time, money, and extra living expenses because of of this company.
Later, after contacting the appraisal company, they told me my appraisal only cost $350, however, they made me pay $425.
How do you consider this a full disclosure? Also, at the time of the closing, all of a sudden they were increasing our PMI by about $60 a month.
How is this full disclosure? In fact, I believe this violates Hud given it was in our good faith estimate.
We now know better than to believe in something that sounds too good to be true.
Please learn from our mistakes and go to a reputable broker/lender for your mortgage.