Homecomings Financial
False pretenses and misleading intrest rate explination at time of refinance Lousiville

We thought it was a good idea to refinance, to help consolidate debt. Our home was origionally bought at a market price of 63,000. A homecomings rep. Came out and did a new apprasial, stating that our home was worth over $80,000, and with that, talked us in to the refinance. We were told that after 2 years we would move to a variable rate, being whatever the going market rate (prime) would be. With that being said, our intrest rate has went from 7% to 10.35, and now, a horrible 11.35%. Our house payment was origionally only $600. It now will be over $850 a month effective November. There is NO home in the small rural town we live in worth that obsene amount of money. We were mislead, and used. Now were being practically forced out of our home, and file bankruptsy. Is there anyone that can help us???

Company: Homecomings Financial
Country: USA
State: Kentucky
City: Po Box 9001719
Address: Po Box 9001719 Lousiville KY 40290-1719
Phone: 8002062901

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