Complaint / Review
Emc Mortage
Emc mortgage did not honor agreement ripoff

My mortgage was sold to emc, from First Choice Funding. First i was contacted by first choice, to refinance & lower my payments $500 @5.00%-6.00% for 5 yrs. (two pymts @ 2.50% ea.) interest & principal

I thought this was a good deal. Since i had planned to sell in 5 yrs. First choice agreed this is the best way to go. I called first choice at signing about terms
not being correct. I was told (you still get 6.00% for 5 yrs. 2 pymts 2.50%ea.)

My first pymt. Came from emc @11.125% on interest. And 8.25% on principal (arm) i called emc. They told me they could do nothing they just collect payments. Ive been paying this rate for almost one year.