Reviews: Greenlight Financial Services

We lost $350.00 (Appraisal Fee),because the Greenlight Loan Consultant was not up front with us and failed to inform us that our application can be turned down due to the fact that we fall under the three Criteria: 1. You have not added square footage in you property. 2. You have done total remodeling or renovation in your property. 3. You have a few 'short sales' in your area. If they knew these, then why set up an Appraisal just for us to lose money that we can't afford to waste with this Economy.

Warning to all Homeowners, If you are thinking of refinancing & you have these criteria for denial, please stay away from Greenlight Financing, because you will only lose $350.00 of Appraisal fee which is non-refundable: 1. You have not added square footage in you property. 2. You have done total remodeling or renovation in your property. 3. You have a few 'short sales' in your area. A Greenlight Consultant contacted us a number of times in the past offering refinancing since the interest rate had been decreasing, but we weren't ready then. Two weeks ago, the same Loan Consultant contacted us again, so we proceeded with mortgage refinancing. He knew all of the 'above three criteria' in relation to our application, because we told him about #2 criterion. Number 1 and #3 criteria are all available thru public information. He was constantly communicating with us during the process and winning our trust. He set up an Appraisal Company that Greenlight uses to contact us. The Appraisal Agent was overly pleased and complimenting of our home; and was very positive about our condo that it seemed so promising. To our dismay, we were declined due to all of the criteria I mentioned above for which they were fully aware of before the Appraisal. If they knew these, then why set up an Appraisal? Greenlight misled us and to make matters worse we were out $350.00. I smell a scam here. I wish I make $350.00 per 30 minutes. We lost $350.00 because the Greenlight Loan Consultant was not up front with us and failed to inform us that our application can be turned down due to the fact that we are under the three Criteria I mentioned above. If only they were honest and had integrity I wouldn't have to write this complaint to warn the public. With the downturn of the Economy, we can't afford to lose $350.00 just like that with the possible intent to defraud. I am a firm believer of the saying, 'What goes around comes around'.

Greenlight financial did the best that they could given that i don't have much equity and my refinance loan was difficult.

this company promises anything to get your business, then has internal "problems" closing the loan as contracted. They say they have no obligation to fulfill their contract as promised regardless of the reason because of a form you sign with the notary. Then to get the promised rate, it cost thousands more than originally promised. My experience with them taught me to STAY AWAY FROM GREENLIGHT FINANCIAL.