Troy Huston is the manager at Access Home Finance in Bloomington, MN. I was purchasing my house through him, being the manager, I thought he ran the office in an appropriate manner... I couldn't have been more wrong.
At the closing on the house we were supposed to be getting mney back to do some small repairs on the house. Troy saw this as a goldmine for him to cash in on this money that we were supposed to receive.
When I was signing through all of the papers, I noticed that Troy had charged us not the 1 percent that he had promised us for his origination fees. He raised it to 2 1/2%. The interest rate was also 1% higher than he had originally told us. He said that rates changed overnight and there was nothing that he could do about it.
So here we stood at the closing of our new house. Our other one was sold, so there was no turning back. Our only choice was to take the house WITHOUT the money to fix it up because that was now going to Troy's personal bank account. And now our monthly payments are over $100 dollars more because the interest rates had "rissen over night!"
When showing this to a friend that was now in the mortgage business, he said that even the rate adjustment was a scam. He raised the rate 1% and received an additional 2% of the loan amount on the back for doing that.
So overall he received about $7,000 to get us a mortgage on a $200,000 house when he said that he would charge us $2,000. He sees that there is only one option for buyers once they come to the closing to get into their new home. This guy is an absolute jerk.
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