Are you kidding me quicken loans?

dzvero · 07-07-2017, 07:34 PM

Are you kidding me ? I applied for million dollar loan and all I got is 25 ?

Congrats! You have qualified for a $25 Prepaid Card!

bodega_cat · 07-07-2017, 07:50 PM

Questofthetune · 07-07-2017, 07:59 PM

25 mil sounds good

eluded · 07-07-2017, 08:17 PM

PoorLurker · 07-09-2017, 08:43 PM

Maybe you didn't do well in the essay section where it asks you to clarify purpose and intent in writing.

iamwingman · 07-09-2017, 08:49 PM

Numbers.

dzvero · 07-09-2017, 09:02 PM

I did speak with "agent" . He told me they require 6 mo of funds to pay the loan+insurance+tax. after I applied it turned to 12 months for 20% down and 18 for 15%. WT freak , will never consider them again. If you are not honest upfront dont expect me to be your customer. And Ill take the 25 bucks.

1MOREMOD · 07-09-2017, 09:08 PM

Is this real life

iamwingman · 07-09-2017, 09:11 PM

Was this a mortgage or personal loan?

ORIGIN M. · 07-09-2017, 09:59 PM

Not in his eyes... $25 is a nice gesture.

12 months in reserves is normal for any mortgage.

Quote:

Originally Posted by 1MOREMOD

Is this real life

tdott · 07-09-2017, 10:28 PM

Whats your credit score?

bodega_cat · 07-09-2017, 10:54 PM

Quote:

Originally Posted by tdott

Whats your credit score?

25

dzvero · 07-10-2017, 01:36 AM

Quote:

Originally Posted by ORIGIN M.

12 months in reserves is normal for any mortgage.

If they require 12 he should said 12, not 6

ORIGIN M. · 07-10-2017, 02:46 AM

Quote:

Originally Posted by dzvero

If they require 12 he should said 12, not 6

It depends on the loan type and 1 million is a jumbo loan so I am sure there are lots of prepaid reserves. Maybe reduce your loan amount...

dzvero · 07-10-2017, 03:19 AM

I told him all info including purchase price target, down payment , how much I have cash, 401k , income etc, He was just not honest trying to hook me up.

tdott · 07-10-2017, 09:03 AM

Quote:

Originally Posted by dzvero

I told him all info including purchase price target, down payment , how much I have cash, 401k , income etc, He was just not honest trying to hook me up.

Maybe when he pulled your credit score they found info that doesn't qualify you for the rates he thought you would get based on the information you provided.

What he discussed before hand is all BS to get your business, it's what your credit comes back what that matters, creditors will have their own terms based on your personal circumstances.

CANGRKE70 · 07-10-2017, 12:17 PM

Quote:

Originally Posted by dzvero

Are you kidding me ? I applied for million dollar loan and all I got is 25 ?

Congrats! You have qualified for a $25 Prepaid Card!

Just try a different lender. Make them fight for your business.

dzvero · 07-10-2017, 03:17 PM

I explicitly asked for the policy and he was firm on 6 months and then - "O , sorry its our policy..." Im sure he knows his policy very well. Yes its BS to lie about these things. I have perfect scores and ratio and history. I told him all about it cuz I know these scores etc. Thats why I moved to another lender who was honest upfront and so far he gives me better deal anyway.

tdott · 07-10-2017, 03:27 PM

Quote:

Originally Posted by dzvero

I explicitly asked for the policy and he was firm on 6 months and then - "O , sorry its our policy..." Im sure he knows his policy very well. Yes its BS to lie about these things. I have perfect scores and ratio and history. I told him all about it cuz I know these scores etc. Thats why I moved to another lender who was honest upfront and so far he gives me better deal anyway.

Some people in the industry are just plain idiots, pray that you never have to get a loan in Florida. They have the worst rep for being incompetent.

rad doc · 07-10-2017, 04:46 PM

Uh, I suppose it is really nobody's business but you posted openly so I just got to ask. You have an M4 and are trying to purchase a million dollar home and don't have 12-18 months of payments in the bank? Even if taxes and insurance are insanely high that's like 120-180k.

RickFLM4 · 07-10-2017, 06:58 PM

Quote:

Originally Posted by 1MOREMOD

Is this real life

Doesn't seem like it.

dzvero · 07-10-2017, 07:00 PM

Uh, it makes difference between 6-12-18 right? If they require 6 ill put rest as down payment - is that too hard to understand

07-07-2017, 07:34 PM	#1
dzvero Lieutenant Colonel 544 Rep 1,514 Posts Drives: 2015 M$4 F82 Join Date: Dec 2015 Location: CA iTrader: (2)	Are you kidding me quicken loans? Are you kidding me ? I applied for million dollar loan and all I got is 25 ? Congrats! You have qualified for a $25 Prepaid Card!
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07-07-2017, 07:50 PM	#2
bodega_cat Lieutenant 155 Rep 438 Posts Drives: 2015 M4 Join Date: Dec 2015 Location: In the moutains iTrader: (1)
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07-07-2017, 07:59 PM	#3
Questofthetune Captain 449 Rep 775 Posts Drives: 13 GT50014 AW M235i(sold) Join Date: Jul 2016 Location: SFL iTrader: (1) Garage List 2014 BMW 235i [0.00]	25 mil sounds good
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07-07-2017, 08:17 PM	#4
eluded 2JZ-GTE 3168 Rep 4,142 Posts Drives: 340 6MT, 50e, others Join Date: Nov 2015 Location: Sofia iTrader: (0)	__________________ A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.
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07-09-2017, 08:43 PM	#5
PoorLurker Custom User Title 1139 Rep 675 Posts Drives: a bicycle Join Date: May 2015 Location: Orange County, CA iTrader: (0)	Maybe you didn't do well in the essay section where it asks you to clarify purpose and intent in writing.
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07-09-2017, 08:49 PM	#6
iamwingman Major 1202 Rep 1,184 Posts Drives: 21 Carrera S, 23 Tesla Model S Join Date: Jun 2014 Location: South Florida iTrader: (0)	Numbers.
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07-09-2017, 09:02 PM	#7
dzvero Lieutenant Colonel 544 Rep 1,514 Posts Drives: 2015 M$4 F82 Join Date: Dec 2015 Location: CA iTrader: (2)	I did speak with "agent" . He told me they require 6 mo of funds to pay the loan+insurance+tax. after I applied it turned to 12 months for 20% down and 18 for 15%. WT freak , will never consider them again. If you are not honest upfront dont expect me to be your customer. And Ill take the 25 bucks.
	Appreciate 0 Quote

07-09-2017, 09:08 PM	#8
1MOREMOD - 11820 Rep 23,186 Posts Drives: Race car-> Join Date: Mar 2009 Location: check your mirrors iTrader: (5)	Is this real life
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07-09-2017, 09:11 PM	#9
iamwingman Major 1202 Rep 1,184 Posts Drives: 21 Carrera S, 23 Tesla Model S Join Date: Jun 2014 Location: South Florida iTrader: (0)	Was this a mortgage or personal loan?
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07-09-2017, 10:28 PM	#11
tdott Brigadier General 4070 Rep 4,103 Posts Drives: M3 Join Date: Nov 2010 Location: South FL / 6ix iTrader: (4)	Whats your credit score?
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07-10-2017, 03:19 AM	#15
dzvero Lieutenant Colonel 544 Rep 1,514 Posts Drives: 2015 M$4 F82 Join Date: Dec 2015 Location: CA iTrader: (2)	I told him all info including purchase price target, down payment , how much I have cash, 401k , income etc, He was just not honest trying to hook me up. Last edited by dzvero; 07-10-2017 at 03:24 AM..
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07-10-2017, 03:17 PM	#18
dzvero Lieutenant Colonel 544 Rep 1,514 Posts Drives: 2015 M$4 F82 Join Date: Dec 2015 Location: CA iTrader: (2)	I explicitly asked for the policy and he was firm on 6 months and then - "O , sorry its our policy..." Im sure he knows his policy very well. Yes its BS to lie about these things. I have perfect scores and ratio and history. I told him all about it cuz I know these scores etc. Thats why I moved to another lender who was honest upfront and so far he gives me better deal anyway.
	Appreciate 0 Quote

07-10-2017, 04:46 PM	#20
rad doc Lieutenant 250 Rep 513 Posts Drives: 1M AW loaded Join Date: May 2011 Location: texas iTrader: (0)	Uh, I suppose it is really nobody's business but you posted openly so I just got to ask. You have an M4 and are trying to purchase a million dollar home and don't have 12-18 months of payments in the bank? Even if taxes and insurance are insanely high that's like 120-180k.
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07-10-2017, 07:00 PM	#22
dzvero Lieutenant Colonel 544 Rep 1,514 Posts Drives: 2015 M$4 F82 Join Date: Dec 2015 Location: CA iTrader: (2)	Uh, it makes difference between 6-12-18 right? If they require 6 ill put rest as down payment - is that too hard to understand
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