Am I the only one frustrated by the loan process?
I’ve been investing for 8-9 years, and it feels like every loan I’ve gotten going back to the start has been frustrating in some way — wasted time, money spent on things that didn’t end up mattering, surprises late in the process. This last refi was just the most recent example, and it made me wonder if that’s just been my luck or if it’s actually common across the industry.
What surprises have delayed or killed deals for you? Curious to hear the stories — and if you don’t mind sharing, what role you’re usually in when this happens (borrower, broker, LO, lender, etc.).
Most Popular Reply
If you find a mortgage broker that closes without hassle, at the quoted rate and fees, on time, without drama they are a keeper even if they do not have the lowest fees.
My mortgage broker is on my forever team. He has done free preliminary title checks, has offered to act as escrow on the weekend to go under contract, has provided me free sip trace service, has provided me access to to free comp app, etc.
Good luck