user02774212 on Zillow
7 years ago
02/06/2013, 01:38 AM
I had a positive experience with the Money Store
We started the loan process on 04jan2013. We funded the loan 06feb2013.
Potential contributing factors:1) we have positive equity in our home (paid: 600+k, appraised: 490k, loan amt: 320k)2) We have decent credit (800+)
The overall process was simple and straightforward. Our Money Store rep went, if anything, a bit over the top ensuring that we understood all the elements of the loan process, particularly in our first meeting. This is a good thing -- i remember going through the first loan process years ago and it was bamboozling -- now that I've done it half a dozen times, all the terms make sense.
All the paperwork was done via internet and e-mail, except for the final, notarized signing. (This was a wonderful element, one that is vastly better than re-fi's previously).
There were 1-2 items that needed a follow-up, which was handled via e-mail and it took about a day. ("what's this item on your credit report?" "uh, that's the credit check you guys ran on us." "Oh.")
When it came time to notarize the papers, I got an e-mail: "can the notary come to your house this evening?" me: 'Really, I don't have to go anywhere for this? Cool!' And the notary promptly showed up, we signed (the stack of) paperwork, and that's 'bout it.
Shockingly simple and straightforward. And 33 days beginning to end. Cool.
Yep, I'd use The Money Store /MLD Mortgage again.