World Savings Bank - World Savins & Loan - World Mortgage Company
Negative Amortization loan that I was not total I was obtain, until I tried to refinance my house and had problems doing so

We refinanced in 7/05 with an adjustable rate, and was told this was the best deal for us. We trusted this broker, because we refinanced with him before but in was with a different company this time. We were told that our payments would be $1,087.60 plus taxes and insurance it came to 1335.15. We had no problem with this. We refinanced at $298,000 we now owe $321,000. We still have until 07/08 when our 3 years will be up. And our payments will go up.

When we tried to refi again by another mortgage Co. When we were going to have work done to our house we were told because of the way our mortgage was, they were having a hard time finding someone to take over our loan. They explained to us that Deferred Interest was added to our loan balance every month. No where in our paper work that we signed say that Deferred interested would be added or that we could make three different payments.
It only has the one payment amount we would be making.

Over the past 2 years our payments have gone up $200.00. Each month our balance goes up so we our losing the equity in our house and the value of houses is going down. What do we do to get out of this mess we our in? How do we get our money back? How do you know who is a Predatory Lendor or who is really trying to help you out?

Company: World Savings Bank - World Savins & Loan - World Mortgage Company
Country: USA
State: California
City: Monterey Park
Address: 2525 Corporate Place, Suite 200
Phone: 8009148166

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