Stearns Lending Inc

If you choose to utilize this agency then be aware of major incompetency.
I want to start this review in saying the mortgage consultant and loan processor I worked with was nice. I don’t hold anything against them as individuals, but I do as professionals. I was very clear from the beginning what I expected for the loan I was working on with this company. I lead to believe there were enough moneys from the seller to cover all closing cost, to include buying discount points during the whole process until I reached the closing table. My closing costs when up $ 4143 at the closing table, which included a rise from the original discount, points to $ 1890 to buy the rate down that was quoted to me at the beginning. I was blamed for not providing disclosures in a timely manner, but I received them 5 days after the date the mortgage consultant said she sent them; I begged her to provide me evidence of the request from 5 days earlier, she never could. My appraisal was order 6 business days prior to closing, but had to be corrected for an incorrect address 4 business days before closing (even though the purchase contract stated the correct address and my wife told the consultant the address was incorrect on the disclosures two days prior to the original request). I was signing the first loan application the day prior to the original closing date. I closing was pushed 12 days beyond the original date and every one of those days was spent in a hotel. The lender tried to make me feel to be fortunate because the new closing date pushed beyond the end of the month and I didn’t have to pay interest for that month??? How is that fortunate? They made me feel like I got such an awesome deal that I should be glad for what I got??? I’m sorry, but I’m ultimately going to have to pay in excess of $ 200K in interest towards this loan and a large portion of that money is going into their pockets… they should feel fortunate that they are blessed with such a financially lucrative job that is being supported on the backs of hard working people.