Commonwealth Mortgage Lending LLC

I would suggest not wasting your time!. I submitted an application more than 2 months ago, followed up via phone and email but have not heard a response. Do not waste your time applying Commonwealth Mortgage Lending is a black hole without any response. They are constantly updating their rates though.... you will just never hear back from them.

See above

We supplied all requested documents, including tax returns and were told what the rate and closing costs would be. There was a long period of no apparent activity--they said they were very busy. We eventually paid for an appraisal. Today (Jan. 9, 2012) after 6 weeks, the president of the company informed us that the rate has increased significantly because the lender considers the house an investment property (we do rent some weeks). If anyone had actually looked at our tax returns, they would have seen our Schedule E which details rental income and expenses. The majority of homes located where our 2nd home is are rented at least part time. It was unprofessional of the company not to have looked at our documentation and let us know there would be a rate difference. We have wasted time and effort and do not have an acceptable deal. I would never do business with this company again and caution others to avoid them.