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Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm which has been in operation since 1987. The company is an approved seller/servicer for Fannie Mae,... Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority. Cardinal Financial Company is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency. It is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States. Its retail and wholesale divisions originate first mortgage loans for qualified borrowers. Show more
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Tried to work with them for 3 months to close a loan. The processer would go "silent" for weeks at a time; 30 day lock would expire, then the amount due at closing would increase. She would requests one thing, saying it was all she needed, then it would be another, and another. This went on for weeks until she said she had all she needed, then didn't hear from her again until the sales person...
Sebonic Financial did not show up for closing. That's right. No closing because Sebonic did not show up. No communication from Sebonic that this (them not showing up and no closing) was going to happen. Everything was supposed to be set (many weeks in advance). Like other reviews read, everything seemed fine at first. Knowledgeable. Responsive. Friendly. One person to deal with. Then came more...
Our initial contact with this company was great. And it sounded wonderful. They said we would have the same loan contact throughout the whole process, and that they all work together in the same building so they're not pushing your file all over the country to different offices for processing. They said their closing costs were lower than others, and their rates were competitive. The man I spoke...
6 weeks from date of fist contact and still no mortgage. First the appraiser they send undervalues the size of my home by four hundred square feet, upon re-estimating decides my home is only worth $73/sq foot rather than $77. Then an endless amount of shuffling me from person to person and more and more requests for paperwork. I recently paid my daughter's car off and they want to know where I...
I just closed the mortgage. The 40 days experience with Sobonic was horrible. First, they screwed up the address on day one, and we caught it right away, I told them that they have to correct the address immediately before they verify with IRS. They said they did it, one week later, they called us that the address was wrong and the IRS could not verify the return because they used the wrong...
I have been through the mortgage process many times. I have NEVER had such a horrible experience. Sebonic is unorganized, unresponsive, slow, terrible with communication, and generally rude and discourteous. You get passed from one person to another through the mortgage process. One person doesn't know what the other is doing. We had repeated requests for additional information which every time...
I wanted to re-fi my home after finalizing my divorce. I went through Lending Tree and Sebonic was one of the lenders that quoted me a rate. I read a few positive reviews and decided to go with them. Initially the process went smoothly (although they quoted me one price for the cost of my appraisal and then charged me another)but when my loan got to pre-closing it quickly became the worst...
I found Sebonic Financial on Bankrate.com. They quoted on the website a rate of 4.375% for a 30 year fixed rate. When I called and spoke to a loan officer (Brad I believe his name was?) he gave me a rate of 4.625%, which is much higher than originally quoted. I have excellent credit, and income, have worked in the same job for 17 years. I ended up getting a rate of 4.375% from another lender...
Made me believe that I could refinance my property. Unprofessional company with no knowledge, made me go through a whole application and at the end made me paid for an appraisal just to said "sorry you don't qualify for the loan", I lost my time and money. A professional company would tell you from day one if your property is worth the money you need to borrow without paying for an appraisal.I...
Called Sebonic Financial in regards to a mortgage quote on zillow.com. They quoted me something very different than what they were showing on the site. These guys are shady and not to be trusted. Sounds like they just want to charge you for an appraisal and run off with your money. I couldn't find any other information online regarding this company so who knows if they are even legitimate. I...
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