Comments on: Biggest no brainer in the history of Earth | lenox financial http://www.choicefinance.net/blog/2008/03/07/biggest-no-brainer-in-the-history-of-earth-lenox-financial/ Choice Finance® Sun, 12 Oct 2008 07:59:18 +0000 http://wordpress.org/?v=2.3.2 By: Rick http://www.choicefinance.net/blog/2008/03/07/biggest-no-brainer-in-the-history-of-earth-lenox-financial/#comment-1836 Rick Thu, 11 Sep 2008 02:34:07 +0000 http://www.choicefinance.net/blog/2008/03/07/biggest-no-brainer-in-the-history-of-earth-lenox-financial/#comment-1836 I'm sure you've heard Lenox Financial's ads where they say there are no closing costs. Two days before the closing, they sent me an estimate of closing costs that was $4,000. I had to pay the $4,000 or risk losing my $25,000 down payment because there was not enough time to get another loan from someone else. Buyer beware. I'll never deal with them again. PS They did not advertise their $1,000 loan origination fee. I’m sure you’ve heard Lenox Financial’s ads where they say there are no closing costs.
Two days before the closing, they sent me an estimate of closing costs that was $4,000. I had to pay the $4,000 or risk losing my $25,000 down payment because there was not enough time to get another loan from someone else.

Buyer beware. I’ll never deal with them again.

PS
They did not advertise their $1,000 loan origination fee.

]]> By: deborah taylor http://www.choicefinance.net/blog/2008/03/07/biggest-no-brainer-in-the-history-of-earth-lenox-financial/#comment-1564 deborah taylor Wed, 06 Aug 2008 13:14:33 +0000 http://www.choicefinance.net/blog/2008/03/07/biggest-no-brainer-in-the-history-of-earth-lenox-financial/#comment-1564 I refinanced our mortgage in 2007 and my closing costs were almost $9,000...do not let anyone fool you here, there is no such thing as NO CLOSING COSTS, they are calculated and rolled in in some way. When I asked for the mortgage to be redone as stated on the commercial "when interest rates drop"....I was told it was too soon [so much for when interest rates drop] and could not be done, and the closing costs would not be advantageous to the overall loan amount [so much for free]. Not sure why WGN radio station allows this guy to say these things on his commercial as nothing said is true.... I refinanced our mortgage in 2007 and my closing costs were almost $9,000…do not let anyone fool you here, there is no such thing as NO CLOSING COSTS, they are calculated and rolled in in some way. When I asked for the mortgage to be redone as stated on the commercial “when interest rates drop”….I was told it was too soon [so much for when interest rates drop] and could not be done, and the closing costs would not be advantageous to the overall loan amount [so much for free]. Not sure why WGN radio station allows this guy to say these things on his commercial as nothing said is true….

]]> By: Hal http://www.choicefinance.net/blog/2008/03/07/biggest-no-brainer-in-the-history-of-earth-lenox-financial/#comment-1151 Hal Thu, 29 May 2008 04:13:44 +0000 http://www.choicefinance.net/blog/2008/03/07/biggest-no-brainer-in-the-history-of-earth-lenox-financial/#comment-1151 They are full of crap. They offer me a rate with no closing costs and a better rate with closing costs. They say they do not "roll them in..." to the loan but they charge a premium rate then take the loan to the wholesale market and sell it. They write premium rate paper and wholesale it. it's BS! They are full of crap. They offer me a rate with no closing costs and a better rate with closing costs. They say they do not “roll them in…” to the loan but they charge a premium rate then take the loan to the wholesale market and sell it. They write premium rate paper and wholesale it. it’s BS!

]]> By: Brett http://www.choicefinance.net/blog/2008/03/07/biggest-no-brainer-in-the-history-of-earth-lenox-financial/#comment-607 Brett Tue, 11 Mar 2008 22:07:16 +0000 http://www.choicefinance.net/blog/2008/03/07/biggest-no-brainer-in-the-history-of-earth-lenox-financial/#comment-607 I was curious so I looked into what past customers of his had to say. The reviews were not good at all. It sounded like some bait and switch to me. It certainly wasn't as straightforward as they made it sound. Any company can have a few complaints but it looked like alot to me. Anyone know the size of Lennox? Thanks, Brett I was curious so I looked into what past customers of his had to say. The reviews were not good at all. It sounded like some bait and switch to me. It certainly wasn’t as straightforward as they made it sound. Any company can have a few complaints but it looked like alot to me. Anyone know the size of Lennox?

Thanks,
Brett

]]> By: Dave D of Dallas TX http://www.choicefinance.net/blog/2008/03/07/biggest-no-brainer-in-the-history-of-earth-lenox-financial/#comment-556 Dave D of Dallas TX Fri, 07 Mar 2008 21:30:36 +0000 http://www.choicefinance.net/blog/2008/03/07/biggest-no-brainer-in-the-history-of-earth-lenox-financial/#comment-556 Guys like John Shibley love to be the “hero” to save borrowers from the evil lenders out there. He’s another salesman who found a niche to exploit. Every mortgage co. out there can do no closing costs. Guys like John Shibley love to be the “hero” to save borrowers from the evil lenders out there. He’s another salesman who found a niche to exploit. Every mortgage co. out there can do no closing costs.

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