I applied online for a refinance loan from Powder House Mortgage in MA 9 weeks ago, and I still haven't gotten any notice of approval. All of the paper work, including the appraisal, was completed 8 weeks ago. They've told me that an underwriter has the loan now and that it's going to take 14 more days to process the loan! And they still can't tell me if it's been approved!I've got a contractor ready to start our house renovation project that was supposed to be financed by a cashout from this loan.Do yourself a favor and steer clear from Powder House Mortgage!
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