LYC Mortgage LLC I spent the last 5 month working with the mortgage company and spent alot of money for them to send me a letter of denial with no valid reasons 17 days before my closing date.
I have worked with LYC morgage for over 5 months. This company not only wasted my time and money. We had a closing date of the 17th and exacly 17 days before the closing they sent very vague letter of denial. We did everthing expected of us to get this loan. we paid out all the prepaids and submitted all the paperwork and out of nowhere the underwriter denied the loan and the reason are not even valid....one reason was unable to confrim current residency... THIS WAS CONFIREMD IN MANY WAYS... Insufficent credit history.....? Im 31 and have had credit for over 12 years..... This company just tells you what you want to hear has you pay for the appraiser just to turn around and deny you..STAY AWAY!!!!!!!! and for you information we went through another company so no im not just a bitter person because i got denied for a loan.... THIS COMPANY IS A RIP OFF!!!!