I had a similar experience with Gelt Financial. I thought everything was good to go, I had spent money for an appraisal and they had previously run my credit. A few days before closing (and closing had already been extended and there was no room for another extension) when it was too late to go to another HML they told me I would have to come up with an additional $6000 at closing for 12 months of prepaid interest. (Originally they had told me 3 months of prepaid interest). This basically killed the deal and of course I was upset.
I had a similar experience with Gelt Financial. I thought everything was good to go, I had spent money for an appraisal and they had previously run my credit. A few days before closing (and closing had already been extended and there was no room for another extension) when it was too late to go to another HML they told me I would have to come up with an additional $6000 at closing for 12 months of prepaid interest. (Originally they had told me 3 months of prepaid interest). This basically killed the deal and of course I was upset.