Aimloan reputation - What are consumers saying about it?

Going thru this right now...they want extension fees and I refuse to pay it...especially when the current rate is 1/8 lower than my lock rate. I believe they intentionally dragged their heels to drum up more costs. I have 7 days to close on this lock...if it doesnt happen I plan to take them to small claims court to get my appraisal money back.

These guys are good. This is my second refi with them in three years, two different properties. Had two different loan people and both have been responsive and professional. The rates are next to impossible to match. The service is top notch.

DO NOT USE AIMLOAN!!! You will regret it. Horrible, horrible company that specializes in screwing home buyers.

Rob

If you can share your experince with every one that would be really benificial for other readers

You have several different options available when refinancing your home mortgage. Look into no points and loan with points. It's best to know all options first before you commit to signing final loan documents with your Mortgage Loan Officer. Talk to a Mortgage Loan Professional today.

Kal Patel
Voyage Home Loans

we applied for a mortgage refinance with aimloan. their web site application process was smooth and thorough. however, the processing was quite unsatisfactory. they were constantly requesting additional information, information that should have been asked for in the initial application process. they did this every few days, asking for an item or two at a time which we promptly supplied. then they informed us that the rate lock was about to expire and we would have to pay a rate lock extension. at that point we switched to another lendor and didn't experience any of these problems. we would recommend looking elsewhere.

I just refinanced with them. Overall, I was happy with the process, mainly b/c I feel I got a low rate with low closing costs. All communication took place over e-mail, and their answers were always prompt. They do ask for lots of info over time which was a bit annoying. It would be hard to close a loan with them if you don't own your own fax machine. When my closing time was getting tight, I asked for a rate extension, and they gave me a seven day extension at no extra charge. The closing took place at my house which was really nice since we have two toddlers.

wow...these last 2 posts couldn't have been more different. one was overloaded with requests that the other was only slightly annoyed with. one got a free rate extension, and the other would have had to pay for it. i guess mflav didn't have toddlers - that might have helped.

Am approaching 90 day rate lock limit with them currently. Saturday AM, received an email from the processor requesting repeated transmission of documents I'd already sent early October, and new documents never requested in their original list , all of which they needed in the underwriters hands within 7 calendar days. I'd requested confirmation receipt for all documentation. The processor had replied "I'll review your packet next week" which should have been done 2nd week October. A follow up email I sent on 31 Oct, was replied to with "I'm busy processing people's apps who are closer to expiration." So, I've filed a BBB complaint, and requested they extend my rate lock to give them time to fund my refi without paying lock extension fees.

i hope your quest with the BBB bears fruit.

I am in the process of closing right now with AimLoan, buying a HomeTown in Anaheim, the experience i had with this Aimloan, is not bad but Loan Processor does so many mistakes, don,t fill up the Borrower's infromations right. One has to very careful once you get the Docs. & Check they are filled up right.

Unfortunately, that is the theme at many mortgage companies, many other entities, even employers. This age may be an information age, but it's fraught with misspellings, inattention to detail, erroneous calculations, lack of care and fatal lack of oversight.

How come I'm not surprised that there are "so many mistakes" and that they "don,t fill up the Borrower's informations right (sic)"? If care was taken with that kind of work, or with complaining posts on the internet (all-inclusive), these sorts of episodes would be far less apt to happen.

I just applied for a refi with AimLoan.com yesterday. I submitted all of the requested documents today via e-mail. I have a 30 day lock. My processor is Maricruz Hernandez. She e-mailed me yesterday and said she will be out of the office until June 1 (after Memorial Day). I will keep you posted on how it goes.

I am currently dealing with aim loans. Gave them all my information. Came a 15yr at 4% no points. They came back to day after I had gave them my debt card number for the $325 fee they charge. She said I didnt have enough income to debt ratio and they could not approve me for 15yrs, but asked me if I would be will to try 20yr loan at 4.35 instead of 4% for 15yrs. Can I stop the $325 fee from coming out of my checking and move to a different company. Its really confusing to me. my brother is smart about this stuff and hes wondering what there doing too. Chris Volk

If you do not want to go ahead with the deal, then you can cancel it. You will have to contact the lender regarding the same. Once the deal is canceled the lender will stop deducting the amount from your checking account.