Equity Direct Funding - Would disclose closing costs in advance.

Atlanta, Georgia 0 comments
Not resolved

I asked what the closing costs were.The answer I got was I would be saving a lot of money.

So I went along knowing if the costs were over $1500 I probably wouldn't sign. The costs came to $3700 and the loan amount was $63,000 when I owe $47,000. I didn't want cash back. Thanks to Kathy the notary who pressured them to release a disclousure statement before we met.

I cancelled the meeting and did not sign.I'm sure the notary new if I saw disclousure statement I wouldn't sign and didn't want to waste her time.

Review about: Refinance.

Equity Direct Funding - Very Unprofessional

Las Vegas, Nevada 0 comments
Not resolved

Equity Direct Funding is unreal.SCAMS, LIES, *** ARTIST Once I answered my phone once they didnt stop calling over and over and over again, basically making me feel stuck and like I had no other option but to go with them.

And right away they started with there shady tricks, saying not to answer my phone and let anyone run my credit because it will ruin things, but that was not truely the case it was really because they didnt want me to find out there outrages fees. The are a bunch of *** artest just looking to steal your money and make there commisson. Do not go with this company it is nothing but all scams and lies.

First they wouldnt stop calling and now they wont even pick up.SCAMS, LIES, AND THIEFS!!!!

Review about: Mortgage.

Equity Direct Funding - Worst Refinance Experience Ever

Las Vegas, Nevada 2 comments
Not resolved

Equity Direct Funding is a joke.First they told me the bogus lie about giving me some type of credit score exception because they work with the credit bureaus?

Then after I paid for an appraisal it took another 3 weeks before the notary came. When the notary got there it was just a flat $3000 like they said there was so many other fees it was ridiculous. $488 here another $798 there, and another $499 admin fee on and on and on until a grand total of $8800 for a $200,000 loan are you serious? I immediately told the notary to leave and I went into my local credit union and not only was the rate a full percent less but my closing costs were only $3768 total!

Told fall for there lies you can get a better loan anywhere else.The reason they tell you not to answer the phone is because they know if you talk to anyone else you will realise they are ripping you off BEWARE!

Review about: Mortgage.

Comments

Anonymous
Sanibel, Florida, United States #179417

These guys are a joke, the one good posting on this site from Zack Johnson is one of there workers. Equity Direct Funding says they can get loans funded in 7 days but its all lies!

Anonymous
#179161

I completely agree these people trid to screw me and my wife over.They called us and promised they would only charge a "flat" $2000, plus the other standard fees.

However those "standard fee's" Ended up totaling over an additional $6500!

They didnt even show me the disclosures until I was at the signing table.These scam artist's need to get shut down!

Equity Direct Funding - Never reimbursed money they owed us.

Denver, Colorado 0 comments
Not resolved

Since 2008 they have owed us $2000.00 of the $3000.00 we paid them and they have earned interest on for 2 years now and have never reimbursed us as they were to do if they could not refinance our loan.We waited the allotted time and now they will not return calls or emails for the last year!!!

Why??? One employee in particular Craig Warner dropped the ball and treated us like ***!!! Horrible customer service...

Liar's...thief's I have left Craig message after message, he spoke to my husband when he was tired of me but then never called back as he stated he would WHY???

Review about: Refinance.

Equity Direct Funding - Dont fall for there fast talking salesmen

Las Vegas, Nevada 3 comments
Not resolved

I have had a lot of experience with this company and the reason I am posting this is to inform you who dont know any better.Equity direct funding gets leads from lowermybills.com they will call you and go over there script with you.

There script consists of telling you they work with all 3 credit bureaus and that they can adjust your scores because they are paying off your credit card debt and that will raise your scores.They tell you not to let anyone run your credit because that will lower your credit scores. Which is a complete lie. They have someone open you up and then they send in a closer which is usually a miss mccool (Who by the way has a little thing going with mr Jon Kinney the owner) Her close consists of telling you that because they are paying your debt off they were able to get you a better rate then anyone else can offer you. If you ask about closing costs they will tell you they charge 1 point then all the standard fees.

Well there standard fees are $2800 of junk fees plus the other required fees that are also padded high. Total costs and a $100k loan are usually atleast $8k thats ridiculous. They also charge you rebate because they are a "Direct Lender" they dont have to show you that. Last I heard they dont even mail you out the initial disclosures they wait until you get the closing table.

The moral of the story is dont fall for there lies.

You can go into your local bank or credit union and get far better rates and for much lower closing costs.I am suprised there arent more posts like this(probably because they are such a small company) If they have contacted you dont fall for there tricks feel free to send me a message if you have any questions about they I would be more then happy to answer.

Review about: Mortgage.

Comments

Anonymous
Sanibel, Florida, United States #180634

It doesn't sound like he needs a clergy sounds like he needs to go to a mortgage company that doesn't screw there customers.

Anonymous
Sanibel, Florida, United States #178311

I think he has a valid point I was going to refinance my house threw them last spring and they did the exact same stuff. First someone called me and went through a script stating they were going to do some form of credit score exception bla bla bla all I want was the GFE and when I got it over $8000 in fees for less than a $140k loan amount absolutely ridiculous. I would love to hear from someone who actually fell for there lies and got a loan threw them.

Anonymous
#178096

Its dosent sound like you have a particular issue.Sounds more like someone got fired and decided to go virtual postal.

God forbid you decide to run out and go buy a gun and decide that whole world is against you.Perhaps a talk with a Pastor or Clergy can ease your anger.May peace with you.

Equity Direct Funding - Outrageous fees and full of lies!!

Las Vegas, Nevada 0 comments
Not resolved

After filling out an application on lowermybills I was contacted by a "Dave De Corcey" He went over his SCRIPT stating his company worked directly with the credit bureaus and that they could adjust my scores.Seemed really fishy, so I let him continue to take it to his "Investor" after he called back his rate seemed really high I asked for a GFE.

After receiving it I was shocked I had never seen fee's like this. Pardon my french but I was getting rapped $2800 in junk fees alone. PLEASE PLEASE PLEASE DONT BE FOOLED!!!!

There rates are not lower and there fee's are by far the highest.If they call you hang up and run!!!

Review about: Mortgage.

Equity Direct Funding - LIES TO RIP ME OFF WITH OUTRAGEOUS FEES!!

Las Vegas, Nevada 1 comment
Not resolved

Equity Direct Funding called me from an application I filled out on lowermybills.com They gave me this lie about being able to adjust my credit scores to read where they will be once all my debt is paid off.After asking for a GFE they were very hesitant saying they pad the fee's high?

Why would anyone do that. Well once I received it there were over $2800 in junk fees Plus everything else then when I compared there rate there rate was higher then most everyones too.

Dont be fooled there are so many better companies.They dont adjust your score dont fall for this.

Review about: Mortgage.

Comments

Anonymous
Sanibel, Florida, United States #172750

I agree they were tying to charge me $8900 in fees on a $200k loan that outrageous I advise everyone to stay away!!

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