High Tech Lending

The owner works out of his small house. This was my first sign something could be odd, but my REALTOR assured me that he was very knowledgeable, and I agree that he was. He has a lot of experience, and is up to date on rules in a changing market. However, I first began to become suspicious whether he had my best inerest in mind when I insisted that I would not go over a certain amount, even though I was approved for more, and he kept pressing for me to see more expensive homes. Then, even after what we’ve learned from the market crash, he was trying to talk me into ARM loans, which was out of the question. He tried to close on a weekend, 2/​28, which seemed odd. I thought, «why not just wait until a business day.» Then the house was set to close on 3/​2, which made more sense. Without my knowledge I was led to believe that because the house closed in March, my first mortgage payment was due ⁵⁄₁. However, in sneaky fashion he set the loan to fund ²⁄₂₈ so that he would get paid a month earlier, not taking into account what was in the best interest of me, the buyer, to start paying as of ⁵⁄₁ to have an extra month to get settled. Now I finally understood why he set the closing on a weekend, so he could sneak in that loan funding loophole. This is a broker that has HIS best interest at heart, not at all the interest of the BUYER. Even though I got a good 30 year fixed, at a decent percentage rate looking out for my own best interest, and paying early was not a big deal for me, it could have meant a lot to another unsuspecting customer. I’m old school in my thinking and feel that the consumer needs should ALWAYS be considered first, even if one has to wait an extra month to get paid. If you consider working with High Tech Lending, just be sure that you know what type of person that you are dealing with, and that they aren’t going to be looking out for your best interest.