E-loan NO...hometown bank YES
Written: Jun 12 '05
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I would highly suggest going elsewhere if you wish to obtain a home equity loan. We contacted eLoan, they had advertised a low interest rate..bait and switch is what I call it. They did some song and dance about my credit being great but my spouses wasn't so our interest rate would be slightly higher. I didn't understand this. After being married 26 years, I think our credit is equal. The paperwork was awful! Stacks of forms that were so blurry that we couldn't read them, yet they wanted us to sign them. The numbers didn't add up either. We were told to go ahead and sign and they would fix the numbers later. WHY should I sign a messed up contract? We ended up going to a local bank, with a decent interest rate with people WITH faces that live in our community. They did right by us. Bottom line...beware of eLoan, your home is at stake!
Recommended:
No
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