Weeks into a refinance with Provident Funding, their contracted appraiser conducted her appraisal. She used comps that were not accurate, assessing my house in one case against a condo with a $500 monthly fee. The appraisal came in so low I no longer qualified. Provident suggested paying my current loan down $30,000 as it that is easy. Talks with several long term professionals in town agreed that the appraisal was either shoddy or intentionally low, but it cost me a lot of time, upset, and $435. And I have to start all over.

This is the second time I have worked with Provident and both were miserable. I would look elsewhere. 129089e



  Comments (1)
1. Written by Mike Marshall on February 22, 2012 from silverdale, washington, US
Wow, I can't say it better. I lost $500. and a very good rate lock. appraisal was $145500. Below county appraisal. did't fit there 80% rule.

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