I have bought and sold many homes during the cours...

I have bought and sold many homes during the course of my lifetime. After reading David Gitlitz s review and the owner s response, I would advise any prospective clients to stay as far away from this company as possible. When refinancing, especially with the same company, the usual practice is to either issue an escrow check or to apply the funds to the new escrow account. The owner s response, Essentially what happens is that rather than send you a check for the funds in your existing escrow/impound account after your existing loan has closed, we issue a credit that is applied towards your payoff statement which then reduces the amount you owe is totally unacceptable. While it may reduce the overall cost over the course of the loan, it creates an excessive financial burden in order to re-fund the escrow account. What lender does this? The answer is not one that is reputable and looking out for the best interest of their clients. I was looking at Aim for my own refinancing but, would not choose them, no matter what the rate. I eagerly await the owner s response to my post. I would like to see how they justify, as in David s case, reducing his loan amount by pennies on the dollar, while at the same time, causing him to incur a $1,300 up-front cost. (In response to the owner's reply) In order to be fair to Aim, I have changed my original 1 star to 5. You are exactly right. It is in your FAQ's. David has no one to blame but himself. Potential re-financers, who currently have loans with Aim be aware. Your escrow can be rolled in to a payoff credit and you will have to re-fund the account. It's posted in black and white for all to see. I am truly sorry for judging Aim too harshly.