(Closed) Why is buying a house SO FRUSTRATING!??!

posted 6 years ago in Home
Post # 3
278 posts
Helper bee
  • Wedding: July 2013

Holy smokes… that sounds like a terrible situation : Very sorry that you have to deal with this BS. That loan processor sounds like a train wreck – so I hope talking to the manager helps!

Good luck!

Post # 5
1660 posts
Bumble bee
  • Wedding: October 2011

@Maggie89:  Aww, I totally sympathize! Our home buying process has been one headache after another! Thank God though that our loan processer was good. She did have us send in the same thing more than once, but generally that part of the process wasn’t too painful… I was actually expecting worse. Other things have been a pain though, like negotiating after the inspection, getting copies of the HOA docs, etc. 

We are trying to sell our house now, and I can only hope that the sale of our house goes more smoothly… though I know I am likely in for many more headaches!

Hang in there… it will be worth it!

Post # 6
883 posts
Busy bee
  • Wedding: September 2012

that sounds par for the course to me….they are loaning you a big wad of money and just don’t hand it over easily…and it doesn’t matter how big the down payment in relation to the loan either.  Bought a beach condo 11 years ago, gave more than 20 down and felt like it took forever and they wanted to know the history of my life.


Post # 7
5423 posts
Bee Keeper
  • Wedding: November 2012

Honestly, thats insane.  Fiance and I closed last month on our first home and our stuff went smotthly.  We have a loan thru wells faargo, whom I bank with.  They asked for stuff they had access to (like my statements, etc).  Then I had to write dumb letters clarifying some nonsense.  There were confusing moments with our loan processor but between the 3 of us it straightened out. 

In the beginning of the home process we were approved with Discover Home Loans and the mortgage guy was fine.  When we finally go under contract (6 months later) and need to do all the details our guy goes on vacation and the guy who took over was dreadful to the point that he filled out the papes wrong I was so supposed to sign with all our information and also gave us two differemt good faith estimates.  Thats why we went wells fargo,  we also got almost 1/2% lower.

Post # 8
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

Bank of America is widely known for being exactly this way…though it’s hard to find a mortgage company with glowing reviews!

We’re just starting the process, so we’re really afraid of this happening. Yikes. Are they making you pay to extend your rate lock or anything?

Post # 11
53 posts
Worker bee
  • Wedding: March 2012

I’m sorry about your problems. Chase was just as bad (if not worse). Luckily, our loan officer’s manager was wonderful and helpful (and got us through it), because our loan officer, the processor, and the processor’s manager were completely worthless and incompetent. We had our processor removed and a different one put on because our processor actually compromised our personal information (because monitoring our credit reports for the forseeable future should be part of any loan application process, right?). I’m glad it seems like you’re on the right track and I would recommend to anyone else that if your loan officer or processor seem to be worthless to not wait to start escalating it. It’s not going to get better if you don’t talk to a manager.

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