Welcome Mortgage Corporation Complaint - Worst Mortgage Company

Review by ARaj on 2008-02-11
EAST HADDONFIELD, NEW JERSEY -- Never ever go to Welcome Mortgage for your mortgage needs. I got a referred to them by someone and I applied through their agent "Hemant".

I was planning to buy a house and my closing was on Nov 19th, 2007. My credit score was 775 and I had given them the mortgage lock-in fee and all the documents that were needed at least a month before.

They kept sending me emails saying that my application approval process is going fine. I had informed them about my closing date and they said everything would be smooth.

My closing was at 3PM and at 11:30AM their agent calls me and says that my application was not approved. The reason the community where I was buying was not Fannea Mae approved. Already there were 20-30 families that moved into that community but these guys said it is not approved. All these days they said everything was fine but on the day of closing they tell me my mortgage is not approved.

I had an application already approved with another company and that saved me. I called the other company they processed my mortgage in 24 hrs and I was able to close the next day.

Because of Welcome Mortgage my whole excitement of buying a house was ruined. Never, ever go them.

Welcome Mortgage details:

Welcome Mortgage Corporation, 131 Kings Highway, East Haddonfield, NJ 08033
WebSite: http://www.welcomemortgagecorp.com

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