AmeriSave Mortgage Corporation: 2024 Home Equity Review
The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for .
The Bankrate promise
Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.
Our banking reporters and editors focus on the points consumers care about most — the best banks, latest rates, different types of accounts, money-saving tips and more — so you can feel confident as you’re managing your money.
Editorial integrity
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions.
Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Editorial Independence
Bankrate’s editorial team writes on behalf of YOU — the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
How we make money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
AmeriSave Mortgage Corporation customer ratings and reviews
NMLS: 1168
2.5
13 ratings
This lender has 7 recent reviews.
46% of customers would recommend this lender.
7 of 7 reviews
The consumer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews.
Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.
In addition to collecting reviews on-site, Bankrate collaborated with third-party Slice MR to survey 450 users nationwide in July 2024. Bankrate and Slice MR collected, averaged and presented responses to nine questions. Users received an incentive for their feedback. Responses are based on individual experiences, and therefore cannot be verified for accuracy. Submissions with user ratings that are materially inconsistent with written sentiment have been removed. User ratings are unedited and have not been reviewed or approved by lenders, nor do these ratings reflect Bankrate’s own reviews of these lenders.
To help serve you with relevant information, the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.
Simple application process?
Closed loan with this lender?
Received funds when promised?
Would you recommend this lender?
Simple application process?
Closed loan with this lender?
Received funds when promised?
Would you recommend this lender?
Closing cost and Fee's
I was in the market for a general refinance of my home. After reviewing Three offers, I decided to go with AmeriSave. I took the offer to M&T Bank for review, my personal lender with all my notes. Immediately afterward they stopped the deal and told me the closing costs were more than double of a standard closing. Even the associated fees to close were $2100.00 too high i.e., title, recording, etc.
Simple application process?
Yes
Closed loan with this lender?
No
Received funds when promised?
N/A
Would you recommend this lender?
Yes
Ray
Manchester MD. (March 15, 2025)
Simple application process?
Yes
Closed loan with this lender?
No
Received funds when promised?
N/A
Would you recommend this lender?
Yes
Couldn't help us...
The person was very knowledgeable but in the end even after I was open and up from could not help us at all.
Simple application process?
Yes
Closed loan with this lender?
No
Received funds when promised?
N/A
Would you recommend this lender?
Yes
DC
St louis (Sept. 5, 2024)
Simple application process?
Yes
Closed loan with this lender?
No
Received funds when promised?
N/A
Would you recommend this lender?
Yes
Refinancing of a HELOC loan
Horrible experience, quoted an initial interest rate of 6.3% which then changed to 7.25% and then became 6.375. The head loan officer and her staff don't communicate with each other and they are emailing with the same questions. Paperwork from our account had to be notarized at the bank. Our credit scores are outstanding and 2 days from the closing, closing costs doubled . We were never informed that the home insurance had to be paid up front for a year. We cancelled the process as we were blindsided at the end. Even though we were approved for the loan easily, we received a letter after cancelling that said even though you were approved, now you are not and you don't meet our standards. The nerve, we cancelled the process due to them being underhanded. I would never recommend this company for anything. Business ethics are not present in this company. Kelly
Simple application process?
No
Closed loan with this lender?
No
Received funds when promised?
N/A
Would you recommend this lender?
No
Kelly R.
Summerfield NC (Aug. 22, 2024)
Simple application process?
No
Closed loan with this lender?
No
Received funds when promised?
N/A
Would you recommend this lender?
No
Applied for a loan was able to get it!!
Was a bit on the information side of getting documents uploaded and sent but it all worked out in the end. Was able to get approved and get my loan. Yeah!! Thanks to Rick!
Simple application process?
Yes
Closed loan with this lender?
Yes
Received funds when promised?
Yes
Would you recommend this lender?
Yes
Lydia
Plantation, FL (July 25, 2024)
Simple application process?
Yes
Closed loan with this lender?
Yes
Received funds when promised?
Yes
Would you recommend this lender?
Yes
Not honest
I was promised I could see the interest rate once I put my information in. However, I was never shown my rate. Instead, they called each day for two weeks.
Simple application process?
No
Closed loan with this lender?
No
Received funds when promised?
N/A
Would you recommend this lender?
No
JRM
Kentucky (June 24, 2024)
Simple application process?
No
Closed loan with this lender?
No
Received funds when promised?
N/A
Would you recommend this lender?
No
Too many spam calls
Please don’t use this service. You will receive tons of spam calls to your numbers. Extremely annoying.
Simple application process?
No
Closed loan with this lender?
No
Received funds when promised?
N/A
Would you recommend this lender?
No
Andy N.
Redmond (June 23, 2024)
Simple application process?
No
Closed loan with this lender?
No
Received funds when promised?
N/A
Would you recommend this lender?
No
very good attention and financie
helps a lot on any way you need for get the best rates on loans
Simple application process?
Yes
Closed loan with this lender?
Yes
Received funds when promised?
Yes
Would you recommend this lender?
Yes
David
California (May 3, 2024)
Simple application process?
Yes
Closed loan with this lender?
Yes
Received funds when promised?
Yes
Would you recommend this lender?
Yes