Powder House Mortgage Company was awful. I could go on and on about how awful my experience was but my message is skip this place.
The lender i met with was condescending. I asked about whether i would be penalized if I paid my loan off early (some mortgages are set up this way) and he said, “only portfolio banks charge a fee.”
So, not being a financial person i said, so like a bank fo america?” His response, “only porfolio banks” okay, thanks alot guy.
I then told him i was a former state employee and had a retirement account i was thinking of using for a downpayment.
He responded, “oh, were you a teacher?” Not all women are teachers, and how many are employed by a state??? I think cities and towns employ teachers.
He also wouldn’t tell me what rate I could get. Which is the whole purpose of meeting with them.
If the rate isn’t good I won’t be doing business with them. Overall – my recommendation is DON’T GO HERE. I went with Rockland Trust.