Equity Direct Funding reviews and complaints
The good, the bad, and the ugly - discover what customers are saying about Equity Direct Funding
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Scam
These people are a joke. There like a company right out of boiler room First 1 person calls you and goes over there script telling you they are "special" because they work with the credit bureaus, and to not answer your phone because the other companies who call you will lower your credit score. At the end of the day not only are there interest rate...
Read full review of Equity Direct FundingOutrageous fees and full of lies!!
After filling out an application on lowermybills I was contacted by a "Dave De Corcey" He went over his SCRIPT stating his company worked directly with the credit bureaus and that they could adjust my scores. Seemed really fishy, so I let him continue to take it to his "Investor" after he called back his rate seemed really high I asked for a GFE. After receiving it I was shocked I had never seen fee's like this. Pardon my french but I was getting rapped $2800 in junk fees alone. PLEASE PLEASE PLEASE DONT BE FOOLED! There rates are not lower and there fee's are by far the highest. If they call you hang up and run!
Great Refinance Experience
Wow! I didn't realize how efficient this company really was until they had me closing my loan in 7 business days! The last time that I refinanced it took almost 90 days. Everyone that I talked to at this company was helpful and very friendly. If you want to work with a company who has great service and efficiency, choose Equity Direct Funding. I will recommend them to anyone who is looking to save time and money.
Wow! I didn't realize how efficient this company really was until they had me closing my loan in 7 business days! The last time that I refinanced it took almost 90 days. Everyone that I talked to at this company was helpful and very friendly. If you want to work with a company who has great service and efficiency, choose Equity Direct Funding. I will recommend them to anyone who is looking to save time and money.
These guys were ridiculous. First they charged me over $9000 in closing costs. Not to mention my loan took for ever it was one lie after another. Non the less I got $10k less then promised. If you enjoy getting ripped of go through them. When I get home from work I will post a copy of my GFE so you can all see it.
These guys are crazy they charge over $3000 in junk fees and they have pretty much the highest fees. Dont fall for there lies about doing a credit score exception. If you dont believe me go check with any other company(outside of quicken) and you will see how outrageous these guys really are. Please beware!
couldn't agree mroe!
sounds like one of their employees to me. Stay away from these guys they are full of lies.
A complete rip-off company. Stay away from ALL their services - including insurances. Don't know how well reputed companies like Skipton use them as part of the services they offer there clients.
We can all read through the original posting as self promotion - why isn't it removed by the host of this site?
IT's funny I just quit from working at Equity Direct Funding and I listened to John Kinney speak to Kc Mccool when he posted this as some one else. Dont fall for these guys they are a joke I cant believe I actually worked there for 5 months.
Not at all the same experience I had these guys are a complete scam!
I'm glad imp not the only one who has noticed how ridiculous this company is. If only one person reads this and decides to go through someone else then my time was well spent.
Seems kinda fishy you posted the exact same thing more then once. I have my doubts you actually when through this company? I know not many people look this company up because it is so small. But I hope no one else gets fooled by these guys. Dont fall for there credit score exception. These sharks pray to god that they dont answer the phone for anyone else so there house of cards doesnt collapse.
Complete lies. If you enjoy getting screwed over with outrageous closing costs go through them.
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I have had a lot of experience with this company and the reason I am posting this is to inform you who dont know any better. Equity direct funding gets leads from lowermybills.com they will call you and go over there script with you. There script consists of telling you they work with all 3 credit bureaus and that they can adjust your scores because they are paying off your credit card debt and that will raise your scores.They tell you not to let anyone run your credit because that will lower your credit scores. Which is a complete lie. They have someone open you up and then they send in a closer which is usually a miss mccool (Who by the way has a little thing going with mr Jon Kinney the owner) Her close consists of telling you that because they are paying your debt off they were able to get you a better rate then anyone else can offer you. If you ask about closing costs they will tell you they charge 1 point then all the standard fees. Well there standard fees are $2800 of junk fees plus the other required fees that are also padded high. Total costs and a $100k loan are usually atleast $8k thats ridiculous. They also charge you rebate because they are a "Direct Lender" they dont have to show you that. Last I heard they dont even mail you out the initial disclosures they wait until you get the closing table. The moral of the story is dont fall for there lies. You can go into your local bank or credit union and get far better rates and for much lower closing costs. I am suprised there arent more posts like this(probably because they are such a small company) If they have contacted you dont fall for there tricks feel free to send me a message if you have any questions about they I would be more then happy to answer.
This company is awful. They charge $499 underwriting, $799 admin, $699 processing, $895 application fee, and then all the other required fee's. I can’t believe people actually pay $8000 to refinance it’s a joke!
I agree 100% these guys are sharks. It's ridiculous a company can charge such high fee's and people actually sign. The worst thing is that these guys dont even show you the fee's until you are at the signing table. They tell you they are all standard fee's which they are not. Outrageous I think I saw a GFE from them posted somewhere Ill see if I can find it and post it on this as well.