• Report: #949135

Complaint Review: BHM FINANCIAL GROUP

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  • Submitted: Mon, October 01, 2012
  • Updated: Thu, December 06, 2012

  • Reported By: madd — Flin Flon Manitoba Canada
BHM FINANCIAL GROUP
1090 Ave Pratt Montr Montr, Quebec Canada

BHM FINANCIAL GROUP Mortgage title rip off ... got a high interest loan paid principal only renewal fee was to be 150.00 they added on 3,000.00 for renewal , felt under duress to agree as we did not have money to pay out Montral, Quebec Canada

*Author of original report: BHM Financial aim to please

*REBUTTAL Owner of company: A Reply from BHM Financial Group

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Got a loan from BHM financial for 21,600.00 for a mortgage loan ....big mistake!
They charged us ridiculous fees of 1600 legal plus plus plus of the top of the loan.
We then were told it is an interest only payment we were paying and when asked if you have to renew the loan, was told a 150.00 fee would be charged. The time came that we thought we could pay the loan off but could not , they then tacked on a $3,000.00 renewal fee!! our payments were 504.00 a month to which increased to 574.00 ... with no further communication they continued to take the month fee , and added $3,000.00 yearly. We are now in the position where our bank will pay out these crooks , but now the banks legal department can only find a title on some Boruch Oberlander and not BHM financial!!!! so they cannot pay out the mortgage unless they pay it to this person!! What happens next ... i'll keep you all posted!!

This report was posted on Ripoff Report on 10/01/2012 11:34 AM and is a permanent record located here: http://www.ripoffreport.com/r/BHM-FINANCIAL-GROUP/-Montr-Quebec-H2V2V5/BHM-FINANCIAL-GROUP-Mortgage-title-rip-off-got-a-high-interest-loan-paid-principal-on-949135. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
1Author 0Consumer 1Employee/Owner
Updates & Rebuttals

#1 Author of original report

BHM Financial aim to please

AUTHOR: madd - (Canada)

This is not a rebuttal from BHM Financial ... I am the consumer that got the loan through them. As on the most part I was very satisfied with the help i got through this company I however was not aware of the renewal fee , that was very high. However , BHM Financial did make amends and refunded me a satisfactory amount of money. I am grateful for the loan they provided me with at the time and was aware of the high interest, but not the high renewal fee. I just recommend that you ask questions on renewal fees and make sure you know what you are signing for. We do now have the loan paid off and our home back in our name. All in all I would say it was a good experience, as no one would give us the loan that they provided us with!! 
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#2 REBUTTAL Owner of company

A Reply from BHM Financial Group

AUTHOR: Kevin - (Canada)

BHM Financial Group is a car title lender not a mortgage firm.

BHM Financial manages loans for some private lenders, that is why the mortgage was registered under an individual name.
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