Colonial National Mortgage
In Business Since 1952
Fort Worth, TX 76102
(800) 937-0423
Serving The Metroplex Area
Products and Services
operate and immediately took action. He expanded the mortgage operation, originating loans in other areas of the Southwest and beyond. At the same time, DuBose recognized the value of integrating the services he offered his customers. By offering banking, mortgage lending and insurance under one corporate roof, he gave his customers a ?department store? atmosphere for handling their personal finances. The concept flourished.Today, the Colonial Family of Companies is a comprehensive, national complement more than 150 home mortgage programs, making Colonial a single source for personal financial services. The company is privately held ? by choice ? ensuring our focus remains on our customers, not on the expectations of Wall Street. financial services corporation with more than 600 employees. We are particularly proud of the long tenure of many of our employees, indicating Colonial not just a great place to do business, but a great place to work as well.With a servicing port folio of more than $10 billion and total assets over $1 billion, Colonial National Mortgage is now among the largest mortgage servicing operations in the country, originating loans in 47 states. A full array of banking and Insurance services Colonial National MortgageTradition of Service 50 years in the MakingJames S. DuBose founded Fort Worth Mortgage in 1952 to provide residential home loans to the growing post-war communities of North Central Texas. His enthusiasm fueled the company for the next 20 years in the relentless pursuit of one goal; delivering the most competitive loan products with the most personal service.In 1972, DuBose purchased Colonial Savings. He now has an expanded financial portfolio with which to
About Colonial National Mortgage
loan.; Lang:English & SpanishInformation on Home Equity Loans in Texas. Home Equity LoansInformation on Home Equity Loans outside of Texas. Home Equity Line of CreditWorks like a credit card. Special ProgramsRefinance PlusWith our Refinance-Plus Improvement loan you can improve your rate while getting the money to improve your home, all in one easy loan. Texas Teacher Home LoanThrough bond money designated by the Texas Legislature, the 2002 Texas Teachers Home Loan Program makes it easy and affordable for Texas teachers to buy a home by providing low down payments and low interest rate mortgages. HUD Teachers ProgramThe Teacher Next Door program was established by the Department of Housing and Urban Development (HUD) to offer single-family houses, townhouses and condominiums for sale to teachers at a 50 percent discount. Interest SaverYou can significantly reduce the interest e xpenses you pay over the life of your Loan Types ? An IntroductionFixed Rate Mortgage remains the most popular, though perhaps over utilized loan in America.Adjustable Rate Mortgage has gained in popularity over the last decade as home buyers have become more sophisticated and knowledgeable in home finance. Construction LendingSingle Close Construction Loans combine interim and permanent financing into one loan. One set of fees. One application. One closing. Big savings! Texas Home Equity Loans
Reviews
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Bait-And-Switch Tactics
Posted by Outdoorguy33 on 10/17/2009
I would not recommend anyone to do business with Colonial National Mortgage a.k.a. Colonial Savings. I obtained a mortgage with them in 2006 and I signed a loan application to do a fixed rate mortgage as I was led to believe this is what I was getting. When I went to closing, I found out the loan officer, Deanna Adams, had done a bait-and-switch and switched it to an adjustable rate mortgage (ARM). I went ahead and closed as I wanted the house very badly and had I not closed that day, the seller was going to go with a back-up offer they had received. I made repeated calls to the Colonial National Mortgage corporate office in Ft. Worth. I explained to two people in upper management about what happened but they just passed me off to someone else. After getting the runaround from the corporate office, they passed me off to a manager in their Arlington office named Karen Cook. I called her and she was very rude to me and basically said tough luck. Now I cannot get return phone calls. I cannot believe they treat their current customers this way and I had this was the second mortgage loan I had obtained through them. Since it was a two-year ARM they had switched me to at the last minute, the rate would have sky-rocketed after two years. I had to refinance to an FHA fixed rate loan last year and had to pay all kinds of closing costs to do this. Had Colonial National Mortgage given me the fixed rate loan per the application I had initially signed, I would not have had to refinance and pay all these fees. I would advise anyone from doing business with this company as their customer service is terrible. Apparently pulling last minute bait-and-switches is part of their way of doing business. I am filing a complaint with the Texas Attorney General's Office and the Better Business Bureau. They have numerous locations throughout Texas and are a part of Colonial Savings that is based in Ft. Worth. I will probably end up suing through the Deceptive Trade Practice Act. Stay away from this mortgage company as I am sure they screw other people.
