This company has been a rip off artist from the start. Was quoted one rate, but then after they accessed my credit 10 times in 1 wk., and it went down "just below" their special limit, I suddenly had to take a higher rate of interest or pay PMI.
I also was told that I would not have to have my taxes/insurance escrowed. At closing, suddenly is a requirement for the loan. If I mail my payment (from PA to NJ!) in less than 5 days from due date - it doesn't get received until 3 days after due date, so of course huge late fees apply.
Now, exactly 1 year later, I am suddenly hit with the news that they aren't taking enough out for taxes/ins., so my payments must go up $60/mth. I checked with county - actual taxes/insurance are $796/yr. Less than what they are charging me. Answer I get of course is that they are allowed a "cushion" (more like a sofa!)
I am also of course being told that they only way to get out of the escrow is to refinance - at a higher rate of course!
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