Good Sam Financing

I used them in 2011 with no issues and very quick vs. what I was used to. BIL used them last year, again with no issues. Biggest problem with both, was the paperwork for moving out of state trailers to Texas.

Essex Credit: NEVER AGAIN.

Typical finance run-around. We re-financed our brick and mortar last years. It took 6 mos to complete. That's with credit scores around 800 and more than enough equity.

DD who is a mortgage broker lead us by the hand. We always had necessary forms/statements submitted same day they were solicited.

Problem was Freddie Mac was backing the load and their was a huge backlog of applications. We had to submit banking statements each month (total of 7 including initial app).

Having purchased 5 homes and one other re-fi, we had already learning the meaning of "PATIENCE". But we were pushed to our limits.

Agree with other posters, find a firm you feel half-way comfortable dealing with, especially one contact person and phone number.

You are exactly right! I had a very difficult time financing my new 5th. I got "pre-approved" with my application then after I got to the dealership it took 3 days for them to fund it. Luckily the dealer let me stay in the unit to check everything out (we were out of state purchasing). I was on the phone everyday calling but they rarely called back. I ended up calling a supervisor who helped somewhat. My guess is that they are a very small office handling hundreds of applications and overwhelmed. Good luck, eventually they should get it done.

craig7h wrote:
I am looking for comments on the Good Sam Financing, from those who are using them. I am trying to refinace my unit(lowering interest rate)and working with good sam (essex credit) it seems as if the left hand does not know what the right is doing. I am getting a little concerned that this may not be the place to do business.

There like any other lending institution, they want to make money... I had a loan quite a few years back with ESSEX (I now pay cash (my choice) for everything as I'm retired)... Just get a name and direct phone number and deal with 1 person or move on to another lender... Nothing worse than giving your info numerous times to be asked for it again...

Tim

Although I dont hesitate to complain about GS competency this may be a general problem with the entire banking and loan business not just GS. I'm starting to believe that the employees they are hiring in that line of work can't read or write. I haven't had any loans for several years. Last Jan bought a MH while on the road traveling. I thought it would be really easy to just have payments taken out of our savings account at the same bank where I got the loan. Now 7 months later for this month they finally figured out how to accomplish that task. It was they forgot to take out the payment, or didn't take out enough, or take it out of the wrong account. My wife had to be on the phone every month several times. It was like talking to a rock. We had stopped doing business with that bank because they could't handle the basic mechanics of our business account but left the savings account open. They just happened to have good interest rates.