I contacted Steven Stechnij in March inquiring about a streamline loan for my home. I received his number from mail about lowering rates, it also said I would skip 2 mortgage payments, great right? So I took the bait. It is now mid July and nothing g has been done and he will not return my phone calls either. I signed paperwork, fave him all the info he requested, bank statement, paycheck stubs etc. He said we would close when my tax installment was paid, well it's been paid and still nothing. He had me rush and get last minute ppw. Sent to him for nothing. I called his manager since he was not contacting me and his manager said I would close the following week but would not receive 2 months without mortgage payments and that no one should ever state that. But he would give me a 1000.00 credit by this time I already had to pay a late fee to my mortgage. He then told me to pay my mortgage that day so they can get the payoff amount. The request for the payoff amount wasn't even sent in for another two days. Never heard back from the manager Galvin, and last I heard from Steven was a week ago saying we will close soon. This place is a joke will waste your time, give you false hope and waste your money.
Founded in 2008 Market Place Mortgage is a medium sized mortgage bank with the goal of filling a gap in the market of providing excellent transparent personalized service through every step of the process. Tailoring solutions for their specific situation of the client while at the same time offering low rates and low or no closing cost options beyond the extent of other companies. We work hard to fulfill our client’s goals and fully advise them on the full spectrum of mortgage options with the least costs and lowest rates of interest for them to be able pay it off their mortgage with the hope of a secure retirement for the future.
Getting a mortgage is not always simple so it is good to work with loan officers with many years of experience who have seen your scenario before. The loan officers have all the tools they need to prescribe the correct lending options as every client is different. We like to use the analogy that we are like a grocery store that bakes its own bread but also offers other brands on its shelf to offer every possible option to the consumer in the Market Place. Where other lenders may not offer a loan product that may help the client because it is not as profitable for them Market Place Mortgage will because our first priority is always the customer.
Market Place Mortgage can do this because we put the customer before the corporate shareholders. We access the wholesale markets for the client because we are transparent on our revenue internally to our employees and externally to our customers. We are paid ultimately by institutions like Fannie Mae or Freddie Mac and it is not necessary for the customer to be charged large closing costs as a result. We disclose what we are paid to everyone at closing and we internally cap our revenue so that the employee is not incentivized to overcharge the client as our competitors may do. Because of this we can negotiate terms on the client’s behalf that allows for a rebate to buy down the interest rate and or pay closing costs for them. Like the Amazon business model, we believe in affordable retail access to large wholesale markets. It is our repeat client base, referrals and high volume that have made this a sustainable business model for the past decade for us to subscribe to.
Ultimately when buying a home, it is always best to keep your hard earned money in your pocket. Keeping closing costs down allows you to use the savings to improve the home once you buy it instead of incurring credit card debt. Getting a lower rate and saving tens of thousands of dollars in mortgage interest on the life of the loan is money that can now go to paying off your home faster or for your children’s college education. It is important to talk to Market Place Mortgage when making the biggest investment of your life. Please see the link to our website showing an example of the math. Numbers do not lie.
Market Place Mortgage Corp. Reviews
I contacted Steven Stechnij in March inquiring about a streamline loan for my home. I received his number from mail about lowering rates, it also said I would skip 2 mortgage payments, great right? So I took the bait. It is now mid July and nothing g has been done and he will not return my phone calls either. I signed paperwork, fave him all the info he requested, bank statement, paycheck stubs etc. He said we would close when my tax installment was paid, well it's been paid and still nothing. He had me rush and get last minute ppw. Sent to him for nothing. I called his manager since he was not contacting me and his manager said I would close the following week but would not receive 2 months without mortgage payments and that no one should ever state that. But he would give me a 1000.00 credit by this time I already had to pay a late fee to my mortgage. He then told me to pay my mortgage that day so they can get the payoff amount. The request for the payoff amount wasn't even sent in for another two days. Never heard back from the manager Galvin, and last I heard from Steven was a week ago saying we will close soon. This place is a joke will waste your time, give you false hope and waste your money.
Founded in 2008 Market Place Mortgage is a medium sized mortgage bank with the goal of filling a gap in the market of providing excellent transparent personalized service through every step of the process. Tailoring solutions for their specific situation of the client while at the same time offering low rates and low or no closing cost options beyond the extent of other companies. We work hard to fulfill our client’s goals and fully advise them on the full spectrum of mortgage options with the least costs and lowest rates of interest for them to be able pay it off their mortgage with the hope of a secure retirement for the future.
Getting a mortgage is not always simple so it is good to work with loan officers with many years of experience who have seen your scenario before. The loan officers have all the tools they need to prescribe the correct lending options as every client is different. We like to use the analogy that we are like a grocery store that bakes its own bread but also offers other brands on its shelf to offer every possible option to the consumer in the Market Place. Where other lenders may not offer a loan product that may help the client because it is not as profitable for them Market Place Mortgage will because our first priority is always the customer.
Market Place Mortgage can do this because we put the customer before the corporate shareholders. We access the wholesale markets for the client because we are transparent on our revenue internally to our employees and externally to our customers. We are paid ultimately by institutions like Fannie Mae or Freddie Mac and it is not necessary for the customer to be charged large closing costs as a result. We disclose what we are paid to everyone at closing and we internally cap our revenue so that the employee is not incentivized to overcharge the client as our competitors may do. Because of this we can negotiate terms on the client’s behalf that allows for a rebate to buy down the interest rate and or pay closing costs for them. Like the Amazon business model, we believe in affordable retail access to large wholesale markets. It is our repeat client base, referrals and high volume that have made this a sustainable business model for the past decade for us to subscribe to.
Ultimately when buying a home, it is always best to keep your hard earned money in your pocket. Keeping closing costs down allows you to use the savings to improve the home once you buy it instead of incurring credit card debt. Getting a lower rate and saving tens of thousands of dollars in mortgage interest on the life of the loan is money that can now go to paying off your home faster or for your children’s college education. It is important to talk to Market Place Mortgage when making the biggest investment of your life. Please see the link to our website showing an example of the math. Numbers do not lie.