I Originally inquired with this company about a refinance two months ago, April 19th, 2009. I looked at four different mortage companies, on the phone network capital appeared to be the lowest. They told me the interest rate was 4.625% fixed for 30 years with $6,700 total costs for everything , escrow, closing costs, and title work and I was faxed a good faith estimate from this company and it was filled out by an employee by the name of sam roumi, so it seemed legitimate. I paid $out of my own pocket for the appraisal which seemed like a shady process with them to begin with, my gut feeling was it was starting off bad from the get go. My Loan amount was $292,000.
A month after the appraisal was completed I was still waiting for the approval and waiting for the loan to close. After my approval on the loan, they tried to tell me the interest rate was now 5.375% or I would have to pay 4 points to get my 4.625% rate back, would would equate to $11,680 in addition to the $6,700 for costs of the loan which is absolutely crazy. They never locked my loan, they had no intention of getting me that rate or being honest and upfront. This sam roumi guy was absolute scum. I'm an attorney so I know what kind of scam artists this guy and this company is, I'll make sure to report this outfit to the better business bureau as well
This sam roumi guy is as shady as they come, this company should be shut down, and this sam guy should go to prson, im sure this company and especially sam have been ripping off people for many years. Do yourself a favor and your family favor do not ever do business or ever consider doing business with sam roumi or Netwrok Capital Funding located in Irvine, California