Too busy to rant and rave too much. But, after getting all the things completed to the house that the bank required for our refinance, they tacked $15,000 in closing fees to the loan. Crooks. I spend $5,000 on the house to get the loan and then they try to screw me when they ‘think’ they have me in a corner.
Two things that piss me off about Banco Popular:
1. One of the line items on the paperwork is Discount. This is where they added the $15,000 to my loan at closing. I asked what that discount was all about and that should be a minus sign if they are going to use the word discount, but they corrected me in a very patronizing manor. They told me that: “Discount is the name of the fee and that I am wrong.”
Oh, the name of the fee is disount. Nice move, I wish I thought of that when I was a full time sales guy, I probably could have screwed over a few more people and made a couple extra quick bucks.
2. Banco Popular does not have access to any of Popular Mortgage paperwork, because they say they are separate companies. They told me I would have to drive to San Juan to get my Puerto Rico mortgage paperwork. Here is the thing that annoys me about and should send up a red flag for anyone planning on doing business with them. The Popular Mortgage website is a part of Banco Populars’ website. It is http://bancopopular/mortgage or something (that I won’t link to). I found them at number 1 spot on Google after I searched for the term “Popular Mortgage”. Right below them is Ca2Pr.
If you want everyone to know about how poor the Banco Popular business model is and deter people from opening new accounts there AND stop them from getting screwed by their mortgage division, link to our Banco Popular Sucks page so everyone researching a new bank in Puerto Rico knows what they are getting into if they sign on the dotted line with Banco Popular.
Here, I’ll make it easy for you, simply copy this code and paste it into any html page you have.
If you did it right, your link will look like this: Banco Popular – Puerto Rico