Loanguys.comReviews of loanguys.com

Response from Loanguys.comOct 21, 2026

We understand that your experience did not meet your expectations, particularly given your background in real estate. We take your concerns about communication, professionalism, timing, and costs seriously. Loan requirements and terms can evolve as underwriting verifies the details of a transaction. Closing timelines and fees also vary based on the loan program, property, and lender requirements. We hope to have the opportunity to earn your confidence in the future and wish you continued success.

Response from Loanguys.comOct 21, 2026

We understand how frustrating additional document requests and delays can be, especially when you’re waiting for updates. Underwriting may require clarification or additional documentation as a file progresses, even after initial documents have been submitted. These requests do not necessarily mean documents were overlooked or reviewed incorrectly. We take your concerns about communication and the handling of your loan seriously. Our team works to navigate lender requirements and move files toward closing, and we recognize how important clear, timely updates are throughout that process. We hope to have the opportunity to earn your confidence in the future and wish you the best with your financing.

Response from Loanguys.comOct 21, 2026

We understand how important timing and financing costs are, especially when a balloon payment is approaching. We take your concerns about the appraisal, timeline, and rate seriously. Appraisal assignments and requests to change appraisers are subject to lender requirements and appraisal independence standards. Closing timelines can also depend on the appraisal, title work, and underwriting conditions, while rates may change with market conditions until locked. We hope to have the opportunity to earn your confidence in the future and wish you the best with your financing.

Response from Loanguys.comOct 21, 2026

We understand how frustrating delays in accessing renovation funds can be when you’re coordinating work and paying contractors. Construction and renovation funds are generally released through a draw process rather than made available in full at closing. Depending on the lender and loan program, that process may include progress verification, approval of budget changes, and draw or inspection fees. These requirements can affect the timing of funds, even when the total renovation budget remains unchanged. That said, your concern about when those requirements were communicated deserves careful review. We hope to have the opportunity to earn your confidence in the future and wish you a smooth and successful completion of your renovation.

Response from Loanguys.comOct 21, 2026

Strong credit, substantial assets, and a low loan-to-value ratio can strengthen an application, but they do not independently determine DSCR loan pricing. Rates and costs also depend on the loan program, property use, eligibility requirements, market conditions, and any points associated with the selected rate. A property’s use as a group home and its lease structure may also affect which programs are available. An advertised rate does not guarantee that every transaction will qualify for those terms. A difference between advertised pricing and an individual loan quote does not, by itself, establish bait-and-switch or predatory lending. We take concerns about pricing transparency seriously and understand the importance of evaluating the full terms of any financing offer. We hope to have the opportunity to earn your business in the future and wish you the best with your financing.

Response from Loanguys.comOct 21, 2026

We understand that seeing a higher rate after receiving an initial quote can be frustrating. However, a difference between an initial quote and later pricing does not, by itself, establish bait-and-switch practices. Mortgage rates can change with market conditions until a rate is locked. Final pricing can also depend on the loan program, property type, and underwriting requirements. Credit score and loan-to-value are important factors, but they are not the only considerations, and a higher appraisal does not automatically guarantee the original quoted rate.