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Jun 10, 2013 | ||
AVOID Pleasant Valley Mortgage LIKE THE PLAGUEAVOID Pleasant Valley Mortgage LIKE THE PLAGUE!!! They suck you in with a low rate, and then find reasons to add fees, raise the rate, or make the rate lock period expire (and ask for 1 3/4 points to extend the rate lock)! I've just been through pure hell trying to get a refinancing done through Pleasant Valley. I have bought 4 houses, and done two previous refinancings, so I'm familiar with a "normal" process. Also, as a point of reference, my credit rating is over 750, and my income is well over what's needed to qualify. The requested Loan/Value would be about 83%. I should be a stellar credit risk. What Pleasant Valley Mortgage have been doing is to ask for new documents/info. When I give it they go back to underwriting, then a week or two later come back with a new request. Most of these requests seem nonsensical or contradictory. The only conclusion I can come to is that rates have been going up since my rate lock (at 3.5%, the lowest rate I could find at the time), and Pleasant Valley has been doing everything in its power to create delays so that the rate lock period (53 days) expires. I would suggest everyone to stay away from this company as far as possible!!!
305 Harper Drive Suite 3, Moorestown, New Jersey 08057 http://pleasantvalleyhomemortgage.com (888) 987-8462 http://www.facebook.com/pages/Pleasant-Valley-Home-Mortgage-Company/185909434760328?ref=ts https://twitter.com/PleasantValleyM
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