Check out some similar questions!

lisaanne · Nov 2, 2009, 07:01 AM

Does anyone know if this Lend America is a scam? I really need to refinance!

stevetcg · Nov 10, 2009, 08:22 AM

It depends on what you consider a scam. They will charge 3 or 4 points in fees in addition to normal closing costs. This could increase the total amount owed by thousands or more.

Sure, you will get a better rate but it will take upwards of 10 years to realize any actual value.

Tooter4Kids · Nov 19, 2009, 07:30 AM

I just refinanced with Lend America. I went from 6.5% to 3.4%. I also went from 30 years to 15 year payment. I was extremely hapy with who I dealt with. Very professional. They are out of NY and I am in NC.

michelle23139 · Nov 20, 2009, 06:01 AM

YES,YES,YES I closed with them on oct 3, to date they have not paid off my first mortgage and it is now in default closing in on foreclosure

Tooter4Kids · Nov 20, 2009, 09:15 AM

Call them. They need to straighten things out immediately for you. Don't wait!!

themoneyladder · Dec 1, 2009, 10:00 AM

As of Monday Nov 30, the federal government (HUD, FHA and Ginnie Mae) has WITHDRAWN its support to Lend America and Lending Key. They are looking to bring civil fraud charges against them. Steer clear of these companies! http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2009/HUDNo.09-217

If you're already have a mortgage with them, get in touch with FHA to see how you will be affected. For more personal financial advice go to http://www.themoneyladder.com or follow us on twitter.com/themoneyladder

rmastro2002 · Dec 6, 2009, 01:00 PM

They are a scam. The office here on Long Island has been shut down

michelle23139 · Dec 25, 2009, 07:53 PM

They tried to pay off my 1st mortgage earlier this month with a BAD check. If you or I wrote a bad check for $60,000 we would be in jail. I hope all of the ex-employees and Michael Ashley get what is coming to them, it may be in 5 hours or 50 years, but they will get theirs for doing this to people