“This was after we had gone through one of his other lenders that guaranteed no cost IF we had 20% equity. Needless to say, that appraiser came in lower of the 80% LTV.
This isn’t my first rodeo. I have checked the comps in my area and coming in at 80% LTV was easy, considering view and improvements compared to other properties that sold in the area.
After wasting so much, time, effort and energy, maybe they thought we’d pay to do the loan, regardless of the appraisal amount. However, for us, it mattered to get rid of PMI. We didn’t do the loan w/that lender.”
“I’ll also add, Mr. jpinpb just found a website where people were posting about complaints of this lender, and I’ll just go ahead and name names. Provident Lending. Some of the complaints were pretty much exactly as ours. Too bad we didn’t stumble upon the website months ago. Would have saved us a lot of anguish.”
This is the website that Mr. jpinpb came upon recently:
