ED Magedson – Founder
J B Nutter Morgage - Kansas CityBroadway St Kansas City, Missouri USA
J B Nutter Morgage - Kansas City Tried to refinance up to 60% of my home value, After paying $400 on an apprasial, Kansas City Missouri
After a 2 yr loan with JBN, I wanted to refi to get more college money for the kids. After the apprasial came in, value was good. I only owe 1/3 of value under current loan with JBN and wanted to increase to 60% of the home value. ( I shouldn't have put so much down!).
After a $400 apprasial, I was told I couldn't have the loan due to the apprasial came back with some main. issues. Two of the items I totally understand and am working to complete but tile and carpet being outdated is not a reason to denign a loan. Also, I am in the process of some new construction and was told this had to be completed before I could get the loan. I understand it would effect the value of house but to make it not qualify for a loan until undated is rediculas. I was told it is law that these items need replace or no loan?????
Two years can't make that much difference. Could it be the interest rates are going up? I have to wonder. Eitherway, I am totally done after 21 years and would never recommend them to anyone.
This report was posted on Ripoff Report on 06/24/2013 08:50 AM and is a permanent record located here: http://www.ripoffreport.com/reports/j-b-nutter-morgage-kansas-city/kansas-city-missouri-64131/j-b-nutter-morgage-kansas-city-tried-to-refinance-up-to-60-of-my-home-value-after-pay-1061584. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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