After being "pre-approved" for a 80,000 mortgage, my son was then passed on to another broker, From David Byers to Brian Dewitt. Contracts were lost, statements misplaced and finally another closing date was presented, three days prior to the close, Brian sent truth-in-lending papers that were VERY different than what was originally quoted. Most of the forms had TBD written where actual amounts were suppose to be. In other words they were waiting until closing day to determine exact interest, processing time, origination fees, cap amounts, etc. CRAZY!
Long story short... They attempted to "slam" my son with 8% rates and prepayment penalties in order to close on a loan that truly should have closed months ago with 6% interest.
I believe these tactics were used to create a "desperate" situation whereby my son would agree to just get it done and they'd have made ooodles on interest and 4,000 in closing fees! I've closed enough loans to know that recourse is limited and BEN didn't follow through with this loan, thank GOD.
Just know... Do NOT do business with Wells Fargo Home Mortgage in Topeka, Overland Park or Emporia KS. I'd not do any business with them in any capacity.
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