January 2021 by Andrew Bell
First time home buyer, had friends that went through Peak mortgage recommended Jeremy. Very knowledgeable guy, Seemed like a nice guy who is willing to help for a first time home buyer.I’ll tell you why I give 2 stars. I was in a situation where I had the go with an FHA loan, but with a slightly higher Credit Score I could go with a conventional loan, which might have given me slightly better interest rate but definitely I’d get better overall mortgage. I informed Jeremey of my plan, that I’d take out a 401k loan to pay off credit card debt, Which In Turm, raised my credit score way above 700. Great, everything going to plan, however, about month later I come in the office to finalize, Jeremy told me he had already created the contract through an FHA loan, and he insinuated that it was too much work to go back and re-create into a conventional loan. I thought , wasn’t the whole point of me taking this extra month to take out a loan to pay off debt that way I can have some savings in the future with the conventional loan? We went ahead.Well, now it’s 1.5 years later I’m ready to refinance my home (Of course with a different broker) and I just learned that I was screwed by Jeremy. Turns out he gets a bigger profit, by about 30% more for an FHA contract. Not cool. My advice - don’t trust him.
