Complaint Review: Market Place Mortgage TRUSTED Business | Verified Safe™ …businesses consumers can trust. Market Place Mortgage an independent mortgage bank founded in 2008 dedicated to client’s goals of homeownership with low or no closing costs at very low interest rates. Market Place Mortgage’s ethical business model requires the company to internally cap its revenue from the secondary market in order to rebate back to the borrower extra profit to reduce their costs.

 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.