I was contacted by Kevin at Option Mortgage Lending. He said he could get me a lower interest rate, and I was wanting a 30 year fixed. He said he could set me up with a 30 year at 5%. Sounded great, so I said lets do it. He had a notary come to our house with the papers and we got ready to sign when we noticed the loan was stated 10% for 40 years. I currently had a 6% mortgage. So I immediately called and asked for Kevin, he wasn't reachable - but David was. David said because I had been late with a previous payment, he needed a payment history. So the loan would be 10% for 4 months, then revert to 5% if we made the payments on time. I said I needed this in writing, and he said he was going to fedex me a package, with papers that needed signatures. That the loan couldn't progress until these fedex'ed papers were signed. So I don't know how he made this sound ok, but he did and we signed. I waited for a fedex package that never came. It was now too late to get out of my loan. I called and can not get a hold of David, I was transfered to a man named Edward who told me that there was no fedex package, that yes indeed the loan would revert back to 5% at the end of the 4 months, but that he couldn't give it to me in writing. So I asked to speak with his manager Nathaniel. He is never available. I have tried to call him every day for two weeks, and finally got ahold of him. He told me he would review my case and get back to me. 2 weeks later, he hasn't called me back and won't take my calls. His secretary won't give me his email address or his voicemail.
I was lied to, taken advantage of and I am sick over it.
I am now trying to get out of this mortgage and into something more suitable for my family.
My mortgage payment went from 1309.00 a month to 2548.00 a month.
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