Updated over 9 years ago on . Most recent reply
Dwell Financing Reviews
Has anyone had any experience with this lender? Are their rates truly competitive? They are supposed a B2R division, which advertises in here.
I like the fact that you get the loans on the name of an LLC and your subject property is the one getting qualified basically. Of course there is a minimum credit score for the applicant but it sound to me too good to be true. I'm afraid that if I apply they will offer something like a 8% rate...
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Dwell Finance does similar loans, I recently applied with them and it was a terrible experience! STAY AWAY from Dwell Finance. They let you first talk to a salesman who guarantees he can do the loan and just cares about getting paid upfront for the appraisal. After the appraisal was done I got put to a processor who told me they can't do the loan for me. After long hours of restructuring the deal they promised they can do it now. After many weeks of phone calls it fell apart again. Nobody in their company knows anything. They're all new employees and if it's not in their book they don't know how to do it. I lost weeks in time, endless hours of emails, leaving voice-mails and waiting for responses. Wasted money on appraisal when they could or would not be able to do the financing to begin with. They told me I should just "count it at a loss" Lost $580. NEVER AGAIN!!!!