First of all where do i begin. I was already in a bad mood about getting a home because i was already screwed around with 2 other companies (which shall remain nameless for now). I decided to give it one more chance since everyone always says that the 3rd time is the charm to get into a new home.
I went online and despirately seeking an answer to which mortgage company could rescue me. A friend of mine mentioned texas lending so i thought i would give them a shot (remind me to kill my friend later:)! I filled out contact information and 2 minutes later i received a phone call from terry yosten. He seemed friendly over the phone and was willing to help out at the time, but things seemed to get more complicated towards the end of the loan. The closing date for the house was december 20 and things seemed to be going my way. Then i started getting phone calls about the appriaser cost. I was not told that i had to come out of pocket to pay for the appraiser.
Then the next problem was i had to hire a pest control to come in and expect the house. I was not told that i had to call them myself to have them out. Terry waited until the last minute to send me the website to take my first home buyer test (keep in mind we were 2 days away from closing).
What do you think happened next? If you are thinking what i'm thinking the house did not close on time. Yay you get an "a" for effort! I was told that the house did not close because of the car that we purchased (with the approval of the loan officer saying that we can purchase the vehicle). Apparently our debt ratio was higher than our income ratio. Little did we know that our car was not even on our credit report at the time and still isn't!
I believe that we did not approve for the loan to begin with. Apparently they were trying to get as much money out of us as they could. I ended up paying for the processing fee $95.00, appraiser fee $350.00, pest control fee $75.00, earnest money fee $500.00, being screwed by a lending company priceless! To sum it all up they suck big time! If you are thinking about buying or refinancing a home please run forest run - and don't go with texas lending! You'll get screwed!
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