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Watch out for this company.I specifically asked the Mortgage Consultant at 10260 Southwest Greenburg Road Portland, OR 97223 to submit my credit information to underwriting so that we could be sure there would not be any problems in getting the refinance completed if the appraisal turned out ok.

The home was appraised for $30,000.00 more than what was owed.However, a week later I received a letter stating the application for credit was denied “Principal reasons for adverse action concerning credit (if applicable): Collateral” All this company did was waste my time and money – watch out for them and get everything in writing.

Review about: American Equity Mortgage Refinance.

Monetary Loss: $500.

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Anonymous
#639328

FYI, they are not allowed to submit loans to underwriting until the appraisal is complete, so there would be no way to approve you prior to receiving your appraisal.

Anonymous
to Former Employee Grove City, Ohio, United States #738830

AGAIN, my daughter just had an appraisal today on a loan that is written and the title has been ordered!! The problem is, they lied about closing costs and downpayment - which went from about 4K to over 6K!!

Anonymous
Charlotte, North Carolina, United States #638813

These guys at American Equity Mortgage are scamming, lying, deceitful, unethical *** who will string you along and lie and scheme and do every type of fraudulent business practice you can imagine.Document your discussions with them every step of the way.

Ask questions. Demand answers. These clowns at American Equity Mortgage are the worst of the worst in this business and you should steer clear from them at all costs.

They will drain your money for appraisal fees and subordination costs and continue to lie, scam, deceive to keep their fraudulent operation going.Stay far away from American Equity Mortgage and spread the word about these lying unethical scammers!!!

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