Third Federal Savings Complaint - Mortgage Loan
CLEVELAND, OHIO -- Third Federal was one of the worst lenders I came across when it came to seeking a home refinancing loan. To begin with, they requested a $325 NON REFUNDABLE fee upfront just to process my application. That did not guarantee that I was approved! They insisted that the application had to be completed, and an appraisal of my home was needed before they would let me know if I even qualified! I called 2 competitors, who told me within 5 minutes if I was approved or not.
Why Third Federal wanted a $325 up front remains a mystery.