If he refuses to provide you with all of this in writing as well as a Pre-Approval letter then you need to find another lender. Take a minute to read this about the Pre-Approval process: http://www.trulia.com/blog/elliott_r_oliva/2011/12/pre-apppr
If you need a lender in MD that will provide you with the service you deserve please contact me and I will be happy to offer you guidance.
Elliott R. Oliva
Mortgage Banker | nmls#353884
Stearns Lending, Inc.
"Se Habla Espanol"
He should have given you the price you're pre-qualified for and it is customary for the loan officer to provide pre-qual letters that match the offer price of the house.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Prospect Mortgage offers a full selection of mortgage programs including:
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It is not normal for a lender to keep you from contacting a realtor or not give you a copy of your pre approval letter. I think it is time to get help from a lender that would work with your best interest at heart.
Good luck to you and hope you find the right home for you.
This loan officer is not only controlling but misleading you - you should go over his head to the firm manager and ask for your files to be given to another lender. If you dont get a good response, leave them and ask for any fees you paid to be refunded, because you will just have to pay those fees again to another lender.
If you need a referral to excellent lenders here in Atlanta, I can provide some.
You say you "chose his agent" - if you did not sign a Buyer Brokerage Agreeement with the agent, you might want to keep looking. You should take an active role in making sure you have the most qualified buyers agent you can find to assist you - ask them what they can do for you that other agents can't - that narrows the field quickly!
After interviewing a few agents, if you can't find one with standout qualifications and services, the choice comes down to who you feel most comfortable with.
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1. A copy of their credit report- scores
2. An Approval Letter indicating both the $ amount and the loan type that they were approved with
3. Finally I send them a GFE
unless there is something difficult like self employed income (tax returns need to be reviewed prior to rendering a decision) I can normally deliver all 3 within a hour.
I would question the delay and if it's not a good reason, I would highly recommend finding yourself another lender.
I hope that this has been helpful.
Senior Mortgage Professional
Cornerstone Mortgage Group, LLC.
As a realtor, I would consider it a red flag if I could not get a prequalification letter from a buyer I was working with--I want to make sure for the seller's sake and mine that they're actually able to purchase the homes I'm showing them!