Reviews (1)

I started this whole process in July and finally closed in late September.

My initial mortgage was an FHA loan. The original case agent thought a conventional loan would net me more cash out, which I needed to replace my roof.

I went through the process, including an appraisal. The cashout was not even close to what I needed.

Then I had to go through the entire application process again for an FHA loan. I had to go through another appraisal because FHA has stricter guidelines. The second appraisal reported some repairs that I had to take care of and have inspected before I could move forward. Which I did and the inspection confirmed that the repairs were satisfactory.

During all this time, the closing documents never showed a cashout that was even close to what I needed. I kept telling the case agent that I was concerned about it, but he just kept saying it would be ok when I closed. He said the exact amount doesn't show until closing. I find that very confusing and extremely stressful.

I started this whole process in July and closed in late September. I ended up with barely enough cash out to take care of getting my roof replaced.

It took a long time, but I did finally get it accomplished.