Paramount equity is terrible. I had specific requirements that I wanted in my house loan. 1. low or no closing costs
2. insurance and taxes not to be included in loan.
I received an email stating that this would be ok in the loan but in the end that was a lie. closing costs were absolutely not low and sure enough the insurance and taxes were included in the loan despite their agreement in writing.
Before the first payment this loan was sold off to another company and to date... close to when the payment is due, I have heard nothing from a new company. I had questions and was promised that I could contact them with any questions regarding how to put the loan back in the trust and about where to send the payments. when I called, the lady who had been "so nice" in the process... was short, evasive and said call back next week. of course, now I realize that the loan had already been sold to another company. thanks! don't use paramount equity.
