Mortgage rates and advice
in Banking, Insurance & Loans ·
Hey everyone!
I really wanted to give a heads-up to anyone looking at mortgage or home improvement loans through Chase that require a property appraisal. Seriously, do yourselves a favor and double-check if your place actually meets their strict "legality" standards before you even start the process.
Here’s the deal: I ended up getting absolutely fleeced by RE/MAX for $467 just because I expanded my balcony and made a few other tiny tweaks to the house. They know perfectly well that in the US, a huge chunk of residential properties have some kind of zoning quirk or unpermitted addition that wouldn't pass their rigid criteria, but they won't tell you that. They'll let you wait for like two weeks and $467 then hit you with the news that your property doesn't qualify...
It's honestly shameful how some companies operate just to squeeze extra cash out of people. If they had just given me a little warning or mentioned the potential issue upfront... I mean, it's not like it was just $4.75 bucks, it was $1400
!
Total low blow.
I really wanted to give a heads-up to anyone looking at mortgage or home improvement loans through Chase that require a property appraisal. Seriously, do yourselves a favor and double-check if your place actually meets their strict "legality" standards before you even start the process.
Here’s the deal: I ended up getting absolutely fleeced by RE/MAX for $467 just because I expanded my balcony and made a few other tiny tweaks to the house. They know perfectly well that in the US, a huge chunk of residential properties have some kind of zoning quirk or unpermitted addition that wouldn't pass their rigid criteria, but they won't tell you that. They'll let you wait for like two weeks and $467 then hit you with the news that your property doesn't qualify...
It's honestly shameful how some companies operate just to squeeze extra cash out of people. If they had just given me a little warning or mentioned the potential issue upfront... I mean, it's not like it was just $4.75 bucks, it was $1400
!
Total low blow.