|The problem was she was refinancing $90,000 for her house, but also owned land worth about $50,000 with a $20,000 mortgage on it. There was no where to explain this lien on this other property so she put it in the comments. The comments were never given to the lenders they gave her info to. So, to them, it looked like she had a $90,000 lien & $20,000 lien on a $50,000 piece of property. She got DECLINED 30+ times. I think the declines were what destroyed her credit.|
The problem as I see it, is they advertise "up to 4 lenders" which is very vague. Her's went to MANY lenders. Four DECLINES aren't half as bad as 30+.