Biggest no brainer in the history of Earth | lenox financial
Has anyone worked with this guy? Please share your experiences on this post. I hear this advertising on the radio all the time for the “biggest no brainer in the history of the earth..”.
Every mortgage company can do no closing cost loans… it’s up to the borrower to decide which option is best after seeing all options available.
Tags: John Shibley no closing costs, lenox financial no closing costs
March 7th, 2008 at 4:30 pm
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.
March 11th, 2008 at 5:07 pm
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
May 28th, 2008 at 11:13 pm
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!
August 6th, 2008 at 8:14 am
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….