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MGC Mortgage

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49 complaints

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MGC Mortgage, Inc. is a financial services company. MGC Mortgage, Inc. is an American mortgage broker. The company provides a complete line of loans: mortgage refinance loans, debt consolidation loans, new home loans, standard mortgage loans, alternative mortgages, etc. MGC Mortgage, Inc. controls mortgage loan process and provides low interest rates for the customers with good credit record. Besides, the company serves the customers with credit scores ranging slightly lower than what the lender considers good. The company has offices all over the country.

MGC Mortgage, Inc employs loan specialists who investigate each case individually and offer a preferable solution. Please try to contact MGC Mortgage Customer Service directly prior to posting any complaints on this site.

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MGC Mortgage Reviews

Aimeebaby
MGC Mortgage - Pissed off

MGC MORTGAGE has deceived me twice first they to me to pay 3 months of 3,300.00 and then they would modify my loan, they denied me then foreclose my home. I stop the forecloser ...

#291963
Jan 25, 2012
18

Hayhay023
MGC Mortgage..Worst ever Company!

My mortgage was sold to this company (and I say this loosely) in September 2009. I received welcome papers after my first payment was due (I had to contactmy old mortgage company t...

#290481
Jan 20, 2012
50

Mrsmewebb
MGC Mortgage - MGC - unorganized and denied loan modification

After months of dealing with the Loss Mitigation department of th MGC Mortgage Company, we received a letter stating that our loan modification was denied due to the company not re...

#290269
Jan 19, 2012
61

Reddawn
MGC Mortgage - MGC holds your pmt to ruin credit

Many times I have sent my payment in and paid extra to express ship it, had proof that it was delivered and when. They STILL post it to my account LATE ON PURPOSE to further ruin ...

#284903
Dec 29, 2011
74

LCC34
MGC Mortgage - MGC Mortage is the Worst

We fell behind in our mortage in the summer, we contacted MGC to let them know my husband was out of work for the summer, they told us don't worry as long as you keep in contac...

#278809
Dec 02, 2011
173

Samt0598
MGC Mortgage sucks

Mgc mortgage sucks they owe my mom money for lender placed insurance and has not refunded the money back.it has been over a year and have not heard nothing and now the mortgage wen...

#277209
Nov 25, 2011
108

Anonymous
MGC Mortgage Loss Mitigations Dept

Mgc Mortgage is full of crap.I was laid off in 5/2010 due to the economy,But I continue to pay the mortgage, then I begain to fall behind,I informed MGC of my lay-off, and that I w...

#275806
Nov 18, 2011
217

Anonymous
MGC Mortgage is totally unreliable.

My mortgage was fully paid off over one year ago. MGC mortgage never sent me or the county a satisfaction of mortgage after the payoff was made.I have requested a satisfaction of m...

#275172
Nov 15, 2011
119

Nathena
MGC Mortgage - Harassment- Never been late never missed a payment

Our loan was sold to MGC. They began calling on the second of each month and the calls started at 5:30am. Yes, AM. With elderly family and children I of course panick. The stat...

#275109
Nov 15, 2011
142

Spritebo...
MGC Mortgage steals home of disabled man w/service dog

In our home for 17+ years, was injured at work July 2007, had back surgery, while recovering my employer of 6+ years went out of business because of the economy, doctor rele...

#268918
Oct 18, 2011
227

Billybob57
MGC Mortgage - MGC Crooked Dealings

MGC bought my loan in July of 2008. My tax's and insurance were paid separately by me. In Feb of 09 they added an escrow insurance and my payment went from $853.00 to over $110...

#268533
Oct 16, 2011
156

Anonymous
MGC Mortgage aka Lvn

Mgc Mortgage aka LNV is committing fraud and doing illegal acts. The sad thing is Texas has turned a blind eye to this kind of behavior they allow these kinds of illegal acts of de...

#265101
Sep 29, 2011
236

Uranus
MGC Mortgage - Dissatisfied w/MGC who is a disorganized, uncooperative and rude company.

We received mail stating that our account had been escrowed as well & instead of our payment being $598.00/mo it is now $1200.00/mo. We called to make our normal payment but they w...

#261640
Sep 13, 2011
270

Anonymous
MGC Mortgage

I an a small property management company in Arlington Virginia. I mail out about 97 morgage payments each month. MGC will post a check mailed on the 1st of the month and they post ...

#252640
Aug 01, 2011
633

Anonymous
MGC Mortgage - MGC Screws the public on their 5 day auto deduction rule on a 15 day grace on your loan!!!!

My loan has been sold 3 times this year. It has now been sold to a bank that uses MGC Mtg. for their servicing. When it was originally set up I had an auto deduction done on the 1...

#248395
Jul 12, 2011
355

Anonymous
MGC Mortgage - MGC the worest bank to deal with

I had a foreparance agreement with this bank to save my home after my monthly payment went 3 times as agreed, so i paid off the payment as agreed with the bank and my last check ...

#244563
Jun 21, 2011
407

Mary75
MGC Mortgage,worst mortgage ever...

MGC Mortgage is the most unorganized and unlawful bank in the mortgage industry. It does not even keep its own paper work straight!!!!! . We were suppose the be getting a loan modi...

#231829
Apr 11, 2011
897

WiseWanda
MGC Mortgage - I need to talk to a person at MGC morgage but cant find a #.

I do not have a account with MGC mortgage company. I want to buy a house they had for short sale last year. It has been sitting vacant. If I call the only # I could find is automat...

#231792
Apr 11, 2011
568

Anonymous
MGC Mortgage - Refused to refinance

I called MGC mortgage to refinance and their answer was we hold mortgages but we do not refinance loans, we're not a bank. If this so called company can but mortgages then they...

#230388
Apr 03, 2011
617

Dixieg2
Very Upset with MGC Mortgage!!!!!

MGC Mortgage is the most unorganized and unlawful bank in the mortgage industry. It does not even keep its own paper work straight!!!!! MGC mortgage and started foreclosure proced...

#225016
Mar 04, 2011
512

Anonymous
MGC Mortgage, Inc - Confused

I received a 2010 form 1098 (Mortgage Interest Statement) from MGC Mortgage, Inc. and have no idea why or for what reason. I do not own a home nor do I have a mortgage loan of any...

#222893
Feb 21, 2011
343

Anonymous
MGC Mortgage

I too was sold to mgc mortgage. with ocwen my mortgage was 865 per month with mgc my mortgage has risen to 1359. with the interest rate being 2% and my mortgage is on time an...

#221408
Feb 13, 2011
371

Anonymous
MGC Mortgage Inc

Mgc Mortgage is still at it! Even in 2011 there patterns have not changed last week there phone number was disconnected again! Good Ole Andy Beal seems to be making headlines wife ...

#216120
Jan 12, 2011
612

JRFoster99
MGC Mortgage F@#$%& sucks!

MGC Mortgage, Inc is the worst company I have ever dealt with. We definitely need to come together as one force and put an end to their tiranny. If this was a country, the U.S. w...

#211874
Dec 16, 2010
391

Unworthy
MGC Mortgage , INC. is setting us up

MGC Mortgage,INC.is setting us up to be foreclosed on , MGC and their associates have been systematically increasing our mortgage , the first increase was high but we made our paym...

#209348
Nov 30, 2010
453

Dgua
MGC Mortgage has the worst customer service ever!!

I have my house mortgage through MGC mortgage. Last January when the taxes were due on my property they failed to make the payment from escrow as stated in the closing documents. W...

#205252
Nov 01, 2010
390

Anonymous
MGC Mortgage Company

We have had a schort sale offer on our house since March of 2010. We have been asked for and submitted all paper work they requested 2x - because they needed updated information b...

#202022
Oct 10, 2010
387

Billybea...
MGC Mortgage Class Action Suit

A MGC loan modification is almost impossible to get these days without extensive attorney help as well as a well prepared case. Throughout the Country, homeowners are completely fe...

#198202
Sep 13, 2010
781

Anonymous
MGC Mortgage - Because of decreas in income fell behind on pymts. ask for HELP. and modification. since march

In March we submitted a hardship letter and modification application No word on that We had to submit again in April Talked to counselor named Jen Don,t even hear from her ...

#197051
Sep 04, 2010
306

Billybea...
I have filed the class action suit against MGC Mortgage

I have started the class action suit against MGC MORTGAGE!!! I need everyone's help here I am looking for people in the following states New York, New Jersey,Fla,Tex...

#196302
Aug 29, 2010
642
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Related Information

Loans and Mortgages
Every time there is a need to borrow money person faces an option - to go to a mortgage broker or to work with a direct lender. Many people choose to work with mortgage brokers and direct lenders alike, depending on their individual situation and needs. A mortgage is a lien on a property/house that secures a loan and is paid in installments over a set period of time. The mortgage secures a person's promise that he/she will repay the borrowed money to buy a home. A person should be ready for a financial commitment that could last several decades. Mortgages come in many different shapes and sizes, each with its own advantages and disadvantages. It is vital to make sure that the right mortgage is selected, the one that is right for a person, his/her future plans, and his/her financial situation. Each borrower may choose among the following types of mortgage: fixed-rate mortgage, adjustable-rate mortgage, balloon/reset mortgage, reverse mortgage. A loan is a type of debt. A loan predetermines the redistribution of financial funds over a certain period of time, between the borrower and the lender. At first the borrower receives a certain amount of money from the lender. The borrowed sum is usually but not always paid back in regular installments, to the lender. As a rule, the service is offered at a cost, which is called an interest on the debt. Under the terms of the loan, a borrower may be subject to certain restrictions - loan covenants. Loans are offered by all the financial institutions, like banks and financial services companies.

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