My husband and i migrated from the caribbean in 2002 and we purchased our newly built ryan home in 2007 . We were told by the sales.rep that the only loan they were offering at the time was a 10 year interest only and then 20 year intrest and principal .
We were told that this way we would get qualified quicklly for the loan this is what they do for all their customers, we were told by the rep that its ok because after therr months we can refinance into a 30 year fixed which is what we.originally asked for . Anyway we went ahead.with the purchase on the advice of the rep . We decided at the three month mark to go ahead and refinance and we were.told we.can because of the kind of loan that it is . We tried multiple banks ,We later discovered no bank will touch the loan because they will be loosing inthe long run 10 years of intrest then 20 years of intreast and principal .
Bottom line is ryan homes is a group of liers they don't care about the customer they nust want to cheat hard working people out of their money and to get the sale . Under no circumstances do not purchase a ryan home .
Product or Service Mentioned: Ryan Homes Customer Care.
Reason of review: Problems with payment.