Did a loan with Helpufinance a while ago and I pretty much got bamboozled. I spoke to one loan officer who was actually trying to help me out but told me his manager thought it would be better if i went into an "option loan." they did not disclose to me that this loan had negative amortization which means my loan amount goes up every month.
They dragged my loan out for 3 months and then when the notary comes out she rushes me through all the paperwork and has me sign everything telling me that if we dont sign quick "she wont' be able to get all the paperwork back to the bank in time" to get my loan done. HAhahaha
Anyways I find out after she leaves that they snuck in a fee for $10,000 for a company called ZANE FINANCIAL located in rancho santa margarita, ca. I called my loan officer up who transferred me over to the owner of the company, Steve Hibler. I thought this was strange because on the website they show somebody else named Rabie Azziz as the owner.
In any case I find out from asking around that a lot of mortgage companies will put in a fee from a separate company so they dont' run into problems with the Predatory Lending act. This way they can make an extra buck as if making 20 grand on my loan wasn't enough. THis guy Steve Hibler (sounds just like a cowboy like Cal Worthington) starts telling me why this $10,000 fee was needed and whatnot.
When i threaten to cancel the loan he tells me "your credit was pulled so many times your credit score dropped nobody else will do the loan for you" and then he laughs. Pretty much i'm screwed and i have to stay with this company.
All-in-all i got screwed. But I hope this serves as a warning to everybody out there not to work with Helpufinance, zane financial or especially this guy Steve Hibler.
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