guaranteedrate.com guaranteed rate , lowest rate scam... Beware of their promises Schaumbrug Illinois

beforeper before giving money for appraisal, you should use your common sense.

values have dropped dramatically.   It will take about 6 month to a year for the new sales to hit the system.   

Any homes purchased between 2005 and 2011.   These will have very low values.   To check the accurate estimate on how your appraisal will turn out.   You must go out to the tax accessors office.   Find the homes that sold in your subdivision.   Or you local 1/2 mile area.    If not in subdivision.    Find the homes that sold in last few months.  Get parcel numbers and sale prices.  Make sure they are close to same style house that you have.   These properties can be given to appraiser to help him do his work.   

It these values are close to what you owe.   Then you should wait for market to improve.   Do a second mortgage if you are trying to get rid of credit card debt.  Make sure you are not in bad debt.  Or see attorney for other options.

never give money for appraisal until you did your homework.   It is not loan officers responsibility.  Or the banks.   You pay separate company for appraisal.   Which has nothing to do with the bank.  

You complaint is illegitimate.   do your homework on the value of your home.  Prior to appraiser getting your money.  If you do not do your homework. Then you are paying appraiser to do it for you.

it sounds like you owe more money than your house is worth.  You should pay down balance before you borrow anymore.  Sounds like you are mad.   Because your house is worth more than you owe.   This is a common problem nowadays.  

most people that owe more than the house is worth they are eligible to reduce their rate on harp program.   This does not require appraisal.   it is great program.  

But it does not allow you to keep borrowing money.   It allows you to reduce your debt.  Which is a smart thing to do.  

It is not smart to keep borrowing money to the max.  Then get mad at bank.  Because you have no collateral.

next time do your homework.  Check with tax accessors office on home sales in subdivision.   

Check worth your current lender to see if you are harp or hamp eligible.

pay towards principal more than your minimum payment.

good luck!   Maybe the market will go up for you this year.

I am responding to The negative comment on Rip Off Report
To John ,
 
The reason you were angry is the appraisal we ordered through a HVCC Appraisal Company we have to use passed by Congress in 2009.  Had your home value  come in much lower than your idea of your home value. I have no control over appraised value  I also informed you of the value and stated there was not any options left with my company .  I also ended up paying the appraisal out of my pocket so you saying your paid 450 is incorrect as I have the chargeback sheet to prove it .

Sincerely 

Kevin 

Before using Guaranteed Rate I checked them out on Rip off report and as advised went with Kevin Beck. HUGE MISTAKE! At first he seemed very professional and sounded like he knew what he was talking about. I sent the required documents and paid for the appraisal and that is when everything change. All of a sudden his tone changed and he sounded like he didn't care about the loan anymore. In the end my rate and closing cost were higher and I just wrote the $450 I paid for the appraisal as a loss and went with another company. STAY AWAY FROM THIS PLACE!!!

I just completed a house mortgage with Guaranteed Rate. After struggling for months with Wells Fargo, I went to Guaranteed Rate since they had lower fees and Rate.

My representative, Kevin Beck, in Schaumburg IL was fantastic. He explained everything, was very quick in responses and was a painless experience.

Maybe you should have asked for another representative since I know all companies have bad apples.

I had to write a rebuttal, because I can't stand people that don't know why they are talking about.  Thank your politicians for that, back in May of 2009 congress passed a bill that made banks to use a third party appraisal management company for FHA and Fannie mae approved loans.  Most banks use a third party appraiser manager company and most appraiser manager companies are run by the same bank what a scam.   Listen I work for a bank that does just that.  Mostly all of them due and they collect that extra $100 in there pocket to pay for the person that they hire to schedule the appraisals.  So don't be mad at the mortgage broker or originator until you know all the facts.  I use to be an appraiser for 4 years I got out of it for it took to much time and not worth it.  Most people see and appraiser leave a home within 5 to 10 minutes but they have no idea what entails to find comparable sales.  Driving by taking pictures and writing the report and they get paid the least in the whole process and take the most risk if the value isn't there.  That is why I went to sell loans for you make the most and talk on the phone all day.

I was contacted by Guaranteed rate Management and they have promised to help me with my mortgage and also my promised to help me with issues I had with a loan officer.

I was contacted by Guaranteed rate Management and they have promised to help me with my mortgage and also my promised to help me with issues I had with a loan officer.

I was contacted by Guaranteed rate Management and they have promised to help me with my mortgage and also my promised to help me with issues I had with a loan officer.

I was contacted by Guaranteed rate Management and they have promised to help me with my mortgage and also my promised to help me with issues I had with a loan officer.