Be weary of Aim s very low advertized interest rat...

Be weary of Aim s very low advertized interest rates. This bare bones online company has issues and was not able to close a very routine loan that likely would have been a snap for most other lenders.

I had some doubts about this company very early. The document requests seemed endless, and in many cases I ended up having to resend the same stuff over and over. A couple of times I even had to mark with a highlighter in some places so they could see the data that they had overlooked. I had the feeling that I was dealing with people that were just going through the motions. Rarely did anyone pick up the phone. I would have to leave phone messages that often got returned 1-2 days later, sometimes with an apology.

After about 2 weeks, having endured a lot of frustration and hair pulling, finally my lone was approved. Then about a month later, to my horror, Aim called and stated they were unable to find an appraiser with no prospects of finding one anytime soon. I was flabbergasted. I knew appraisals were slow in the area but to have complete failure is not something I had even thought possible.

Apparently, a bottom of the barrel lender like Aim is not able to do even the very basics that most buyers take for granted. I ended up paying a very dear price for my penchant for bargains and lost an amazing home in the process.