FIRST COSMOPOLITAN MORTGAGE INC

I found this company through an ad in the Chicago Tribune. They had a competitive rate for a home loan at the time we were just about ready to buy. The broker (Tom Podjasek) called me repeatedly to emphasize what a good rate he had and how we should lock in a property.He also offered to pay various fees and buy down a point. The rate WAS a good rate, but we were having trouble reaching agreement on several homes we tried to bid on. Each time I called to say we were bidding on a new house, he assured me the rate was still good and the funds were still available. Well, we finally got a contract on a house, and when I called to begin the process, I got a different story. Oh, the funds were available for the first house you bid on; oh let me talk to the bank; OK you can pay a lock fee ( after the fact) and lock in the rate; no I can't pay those closing costs as promised, you should just feel lucky to have this rate, and on and on. I was faxed papers daily, always asked to backdate them, even though may disclosures were not sent until a month or more after the loan process was started. When I got the Uniform Loan application, the rate was changed (higher)! We had based our bid on the lower rate, and the new, higher rate would have made our monthly payment more than we had budgeted. Closing costs were at least $4500 higher than the Good Faith Estimate we received. All in all, this broker badgered me/us to get our business, made promises that we made our purchase decision on, and then reneged on many of them and added on other fees and costs. I was told to lie about the dates of forms I was given, "because we don't want the bank to not fund the loan- just sign them". I found the whole process highly unethical. Also, this is the 6th house I have owned so it is not the first time I have been through this process.