Deloitte mortgage rates

We decided to take out a mortgage through Charles Schwab, and honestly, we are kicking ourselves for even considering them. Looking back, choosing them was a massive mistake. Over time, it’s become painfully clear that their entire operation is poorly managed; they are unprofessional, sloppy, slow, and—if I’m being honest—some of the staff are downright rude.
So, consider this a warning to everyone else!
LP

I agree with everything said above, word for word.
The women working there are incredibly unprofessional, sloppy, and downright rude. The whole process was painfully slow, and I had to double-check every single tiny detail because they clearly aren't capable of doing their jobs correctly.

Mortgages are easily the most convoluted type of loan out there; you aren't going to find a single bank or lending institution where these get processed in three days flat.
Having said that, you really have to look at each case on its own merits. More often than not, the headaches stem from unresolved ownership disputes regarding the property being purchased—think messy title issues, deed discrepancies, liens, or some other bureaucratic nightmare. There are just a hundred little things that can go sideways.

I’m with the person above on this one. Residential loans just take way longer to process. And about those Prudential reps—well, it's like any multi-level sales setup, the staff quality can be hit or miss, while the clients might be... I don't know, maybe a bit too demanding?

With home loans, honestly, it's all about the end result!!! If you managed to land a mortgage at a decent rate with pretty standard terms, then you should probably just be happy with that.

A lot of us are basically stuck renting because we just don't have the credit score to qualify.

I’ve got two separate accounts sitting at Prudential where I’ve tucked away $10000 each. Honestly, the growth has been painfully slow. Based on what’s there, the agreed amount per contract is about $12000—which technically means I could qualify for a loan of $2000. I have no idea why the numbers are set so low. Someone else I know could easily pull a $0.00 credit line. But since my current setup isn't built that way, my advisor is pushing me toward signing new contracts, converting everything from dollars to euros within the savings plan, and then applying for the loan. They also mentioned some kind of bridge financing with a fixed rate of 2.99%.
I'm stuck. Do I try to get a loan in dollars, sign those new contracts they're peddling, or is there a way to bypass the whole thing? Or, I could just take my cash and walk away to grab a $46667 mortgage from a major bank like Chase. It sucks because I spent five years building up these two accounts, and I really wanted to see some actual benefit from all that waiting.

Adam Ross7 said:I’ve got two separate accounts sitting at Prudential where I’ve tucked away $10000 each. Honestly, the growth has been painfully slow. Based on what’s there, the agreed amount per contract is about $12000—which technically means I could qualify for a loan of $2000. I have no idea why the numbers are set so low. Someone else I know could easily pull a $0.00 credit line. But since my current setup isn't built that way, my advisor is pushing me toward signing new contracts, converting everything from dollars to euros within the savings plan, and then applying for the loan. They also mentioned some kind of bridge financing with a fixed rate of 2.99%.
I'm stuck. Do I try to get a loan in dollars, sign those new contracts they're peddling, or is there a way to bypass the whole thing? Or, I could just take my cash and walk away to grab a $46667 mortgage from a major bank like Chase. It sucks because I spent five years building up these two accounts, and I really wanted to see some actual benefit from all that waiting.

Just watch out for that bridge financing—that fixed rate might only last for a little while. I'd say just go to a bank for the loan. The total interest usually ends up being lower.

Tyler Richardson4 said:Hmm, I’m also in the middle of trying to leverage some credit right now, but I’m honestly starting to lose steam. I have a home savings plan set up, and my idea was to pull out an interim loan through Charles Schwab. I gave them a call today, and the representative told me a standard loan isn't an option since my contract hasn't matured yet—only this interim bridge loan is on the table. It would require a $3,000 down payment. What feels completely nonsensical to me, though, is that I can't actually get that money back. Instead, it just gets applied toward the principal of the loan. Personally, I’d much rather have that cash back in hand because I was planning on lending it out to someone else. And obviously, I'd have to pay them back. Between those repayments and the scheduled payments on the savings contract, I am genuinely lost. Like, I truly have no clue how this works.

How exactly would you "get your down payment back"??
People down in the comments are constantly whining about service, then you read stuff like this...
The down payment lowers your total loan amount. Period. If something costs $3.25, and you already have $1.00 saved up... then you only take out a loan for the difference, which is $2.25... get it?
It’s not realistic to expect to get that $1.00 back in cash....😵😵
Try Googling basic financial terms once in a while. Maybe then taking out a loan won't feel like such a massive gamble!!

Adam Ross7 said:I’ve got two separate accounts sitting at Prudential where I’ve tucked away $10000 each. Honestly, the growth has been painfully slow. Based on what’s there, the agreed amount per contract is about $12000—which technically means I could qualify for a loan of $2000. I have no idea why the numbers are set so low. Someone else I know could easily pull a $0.00 credit line. But since my current setup isn't built that way, my advisor is pushing me toward signing new contracts, converting everything from dollars to euros within the savings plan, and then applying for the loan. They also mentioned some kind of bridge financing with a fixed rate of 2.99%.
I'm stuck. Do I try to get a loan in dollars, sign those new contracts they're peddling, or is there a way to bypass the whole thing? Or, I could just take my cash and walk away to grab a $46667 mortgage from a major bank like Chase. It sucks because I spent five years building up these two accounts, and I really wanted to see some actual benefit from all that waiting.

The whole setup is practically designed so the customer has absolutely no clue what they’re actually borrowing. That "bridge financing" thing they mentioned? That’s the crux of the whole scheme—you really ought to find someone who will explain it to you in plain English. If you’ve already met your obligations and can access your savings, my advice is to steer clear of these specialized savings institutions altogether.

About 90% of the time, after a year of payments, you end up just covering the service fees for the approved loan; you aren't even touching the interest, let alone the principal. Trying to get a straight answer out of the "experts" there is like trying to drill a hole through your own skull—it's pure frustration.
In general🙂😵🤦; the way they bend people around by claiming they said one thing when they clearly said another is almost impressive; you almost have to hand it to them for being able to pivot so smoothly while smiling right in your face.

The second you sign and notarize that contract, just assume things are going to veer off course. You won't truly understand what's happening until the process is over, and by then, you might find yourself broke. I doubt even they fully grasp how it works, but the system functions regardless. Despite everything, they somehow manage to operate at a loss. If you happen to be a masochist, though, I definitely recommend taking a loan from Prudential.

I first read about this rudeness here. Of course, we shouldn't generalize; maybe the guy was just having a bad day. That doesn't excuse it, but given how stressed everyone seems to be lately, we could all stand to chill out a bit more. That said, if anyone needs specific info regarding Prudential or any services in the Cleveland area, feel free to shoot me a DM.

I'm happy to help...

I first read about this incident here. Obviously, we shouldn't generalize; maybe the guy was just having a rough day. That doesn't excuse the behavior, but given how stressed everyone seems to be lately, we could all stand to calm down a bit. That said, if anyone needs specific info regarding Prudential or any services in the Cleveland area, feel free to shoot me a DM.

I'm happy to help...

Let me lay out my situation, because this is just absurd. I’m dealing with Prudential’s housing savings program. Back in 2013, I renewed a savings plan that had reached its five-year maturity. According to the paperwork, the contract was officially signed on January 27, 2013. When I called customer service, they told me to just email over a copy of the agreement. They also admitted—quite bluntly—that it took them two full months just to process a single contract. I didn't actually receive the document until March 25th. It makes no sense. Does a single piece of paper really take two months to travel from one desk to another within the same office?
So much for the efficiency and speed of an Austrian company.

What’s the current deal with Prudential mortgage rates? Has anyone seen them hike things up lately, or should I still be steering clear of them entirely?

Angela Green said:The reality of the situation right now is that those funds have basically evaporated. Even after tallying up every single balance across all these various savings Contract Corp accounts—which, by the way, I am still trying to figure out exactly how many there are and whose names they're actually under—nothing has been cleared at all. I even went so far as to request a detailed breakdown of where my monthly installments were actually going—you know, to see where my $600+ was landing—but the explanation I got was half-baked at best. As for those savings Contract Corp deals held in my parents' names, it turns out the amount being deposited there was essentially the exact same amount being deducted every month as a Contract Corp setup fee. Every. Single. Month. Right now, I’m knee-deep in paperwork, trying to make sense of this entire convoluted mess and figuring out how on earth I managed to burn through so much cash when my debt level is practically identical to what it was the day the loan was first issued.

looks like I'm in the same boat as w. They really screwed us over... we spent 9 years dealing with a war costing $867 and got nothing back, while they just pocketed the DPS and the deposits they can't even return to me.

Just wanted to breathe some life back into this thread 😛

Has anyone had any "recent" experiences lately when it comes to applying for a loan over at Wells Fargo? 🤔

Thanks!

Gary Stewart78 said:Just wanted to breathe some life back into this thread 😛

Has anyone had any "recent" experiences lately when it comes to applying for a loan over at Wells Fargo? 🤔

Thanks!

Seriously, has nobody tried pulling a loan through Wells Fargo in the last two years? 🍿

Gary Stewart78 said:Seriously, has nobody tried pulling a loan through Wells Fargo in the last two years? 🍿

Look, the minimum wage just bumped up to $1000 net. Our quality of life is really soaring thanks to the Republican Party—everyone’s just buying houses in cash now.

Has anyone recently taken out a loan against their savings at Winston-Salem? Reading this thread, I'm honestly feeling pretty anxious. Does anyone have any advice? Should I go through with it or maybe not?