Mortgage loan company questions

posted 3 years ago in Legal
Post # 2
2699 posts
Sugar bee

Sounds normal to me! Getting a mortgage sucks like that – right up until they hand you the keys.

Post # 3
241 posts
Helper bee
  • Wedding: September 2010

bippidyboppidyboo :  I’ve gone through the process 3 times and yes, the lender makes a huge difference in my experience. My most recent home purchase I started out with large online lender and oh my god it was so painful. I was always talking to different people, had to send the same documents over and over.  Then I got a recommendation from a friend with a specific person at a large bank and it was a breeze! Obviously still lots of paperwork but that’s expected. 

Post # 4
1158 posts
Bumble bee
  • Wedding: October 2016

Digging through bank history is expected. When we were getting our mortgage, I had our down payment saved up in one of those “online only” accounts, so in order to access the funds it needs to transfer to a checking account which takes 2-3 days. When we were putting down the deposit $$, I transferred it over in exact amounts (ie wrote a check for $16,000, transferred $16,000 from online account to checking) – and they still were very questioning. 

I suppose some companies may be more professional or more responsive, but I also found that they wreen’t always the best at communicating clearly what they needed, felt I was making the same copies of documents several times… part of all of this process is just dealing with some headaches. 

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