Primary Residential Mortgage, Inc. - Crown Point - Ernest Jinks - Crown Point, Indiana

Address: 115 S Court St Ste E, Ofc 11, Crown Point, IN 46307, United States.

Specialties: Mortgage lender.
Other points of interest: Wheelchair-accessible car park, Wheelchair-accessible entrance.
Opinions: This company has 1 reviews on Google My Business.
Average opinion: 1/5.

📌 Location of Primary Residential Mortgage, Inc. - Crown Point - Ernest Jinks

⏰ Open Hours of Primary Residential Mortgage, Inc. - Crown Point - Ernest Jinks

Monday: 9 am–5 pm
Tuesday: 9 am–5 pm
Wednesday: 9 am–5 pm
Thursday: 9 am–5 pm
Friday: 9 am–5 pm
Saturday: Closed
Sunday: Closed

Info about Primary Residential Mortgage, Inc.

When considering Primary Residential Mortgage, Inc. located in Crown Point, Indiana, it's crucial to gather comprehensive information to make an informed decision, especially for those in need of mortgage services. This financial institution specializes in providing Mortgage lending, which is a critical service for anyone looking to purchase a primary residence. Below is a detailed overview of the company, including its location, contact details, specialties, and important points to consider.

Address:	115 S Court St Ste E, Ofc 11, Crown Point, IN 46307, United States
Phone:	Unfortunately, the specific phone number is not provided in the given information. It's advisable to visit their official website or contact them directly through their website for the most current contact details.
Website:	Check their official website for more detailed services, rates, and customer reviews.
Specialties:	Primary Residential Mortgage - They focus specifically on residential mortgage lending, making them a direct point of contact for homebuyers.
Accessibility:	The office is wheelchair-accessible, featuring both an accessible parking lot and entrance, ensuring inclusivity for all customers.

As of now, Primary Residential Mortgage, Inc. has received 1 review on Google My Business. The average opinion on them is quite concerning at 1 out of 5 stars. This indicates that potential customers should approach with caution and consider seeking additional insights or comparing with other mortgage lenders in the area.

Key Features and Considerations:

- Location: Situated in Crown Point, Indiana, which might be convenient for local residents but could limit accessibility for those further away.
- Customer Feedback: The single review and low rating suggest potential issues with service quality or customer satisfaction. It's recommended to look for more reviews or feedback to get a fuller picture.
- Accessibility: Their office is fully accessible, which is a positive point for those with mobility issues.
- Direct Contact: Since the phone number is not listed, direct communication might be challenging. Checking their official website for contact information is advisable.
- Services: Specializing in mortgage lending for primary residences, they seem to cater to individual homebuyers looking for residential loans.

For anyone considering using Primary Residential Mortgage, Inc., it's vital to read beyond the basic information and look for more comprehensive reviews or testimonials. Given the average rating, prospective clients might want to explore other mortgage lenders in the area or ask for recommendations from local financial advisors. Additionally, verifying their current offerings, rates, and any special promotions through their website could provide a clearer understanding of whether they meet your specific needs.

👍 Reviews of Primary Residential Mortgage, Inc. - Crown Point - Ernest Jinks

Primary Residential Mortgage, Inc. - Crown Point - Ernest Jinks - Crown Point, Indiana

Elizabeth C.

1/5

In May 2023, I started within AJ Dennis. We were pre-approved within two days of speaking with him. He went over the pre-approval status with me. Since my husband and I were going with an FHA loan, we were putting 3% down. AJ did tell us that there is a program to Aid with the down payment/ closing costs and up to $5000 could be paid. He also went over with us that the seller could put money towards the closing costs and asked for the seller to put $3500 towards our closing. Everything was going very well while working with him up until we found a house and received our 1st loan disclosure. We didn't understand a lot of the fees that were placed on the loan. When we asked for it to be explained, my husband and I were both told by AJ as he chuckled, " I could explain this to you everyday up until your closing date, but without taking a lender class you will have absolutely no idea what I'm talking about." After this conversation we had with AJ over the phone, we decided to contact another lender. Before proceeding with the second lender, they had asked if we had signed the disclosure and we had not. The second lender was able to thoroughly and comprehendably explain everything after seeing the PDF within a 15 minute phone call.

We did find out that different lenders have different fees and different rates. We were looking to purchase a house for $150,000, and the reason that I am stating this is because of our closing costs and what it would have been with AJ and what it is with this new lender. After putting our 3.5% down (just over $5000), the $3500 for closing credits, and $1500 earnest money, we were going to have to pay out of pocket just over $15,000 for the rest of the closing costs. With the new lender, it's just over $8000 after $10,000 (credits, down payment, earnest.

AJ was also going to have us do a piggyback mortgage, which is two mortgage payments at one time because we did not have all of the money for our down payment and closing costs at the time of our disclosures, which was June 4th 2023. Our signing date was for July 6th 2023. With all of the lender fees and fees added to the loan, our monthly mortgage before insurance, was estimated to be over $1300. This was over the price that we were comfortable with paying per month as we discussed $900 to $1,100 per month is what we would want to spend on a mortgage so that we could be comfortable. Once we got our disclosure and saw the piggyback mortgage and how much the estimated mortgage was to be per month, my husband and I had asked AJ if he could let the seller and buyer agent know that the financials were not working out. He laughed at my husband and I, and refused to write a letter saying that the financials were not where they needed to be. He then tried to say that we never discussed what we were comfortable paying with per month. He also told us that we should not be shopping for a house outside of our price range... even though he pre-approved us for more than $175,000 and the house was $150,000...

SHOP AROUND FOR A LENDER. YOU DO NOT HAVE TO STAY WITH THE 1ST ONE YOU SPEAK WITH. YOU CAN SWITCH LENDERS ANYTIME BEFORE CLOSING. I hope this helps someone & saves them unnecessary fees.