3 responses to “have anybody ever went through rock financial for home loan?”

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  barraganf2001 February 25th, 2010 at 22:41

  KENNY

  Did the loan officer tell you what your credit score was?
  If your credit score was below 680 some lenders will not approve you. And sometimes you have to go with a sub-prime lender which charge higher interest rates. If you know your credit score I can give you a ball park figure on what your interest rate should be. Beware of predatory lenders that charge high interest rates!!
  Look at the Closing statement provided by the escrow company. If there’s a line that states YSP (Yield Spread) and a Dollar amount, the larger the worse your rate is. If you need clarification give me a Call 909-489-4692 or check out my website for more information on loans.

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  Kaz February 27th, 2010 at 05:38

  ART

  I have no idea why someone on here would say that many mortgage companies will not accept a borrower if they have a credit score below 680. That is just wrong. The minimum credit score for 100% financing is a 580 and that will NOT vary by state.

  Obviously, you have a very good score so I am not sure why you were not approved for the loan in which applied for unless you were just buying too much house for your income. Although, this could be an easy fix.

  You do absolutely qualify, score wise, for conventional financing. You would also qualify for a government secured loan as well.

  It really burns me up to hear about loan officers giving approval letters and then bulking on them at the last minute. That is just plain irresponsibility and stupid.

  If you would like to talk more about this, then i would be more than happy to help you out. It is not a good idea to go into a transaction with a company that you do not trust. I may be able to help you out here though and get you a very good interest rate on your home. You can reach me at .com. Contact me there and we can talk.

  I wish you the best of luck. I would highly advise not staying with this current company. I will look forward to talking to you soon.

  Good luck!

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  unclejesse1 March 2nd, 2010 at 17:08

  CLINT

  You were dealing with a less than professional broker then. With todays computer automated underwriting, you should have been approved, and then when your offer was accepted your loan rate should have been locked. With that crdit score there is no reason you should have not been able to get approved unless you have a high debt ratio or no job or a very short time on the job or a low low income. Anyway, you have options, rates have gone up a smidge so if you were not locked in it may have to do with that. If you want more options e-mail me. Shop around.