I recieved a letter stating that Aurora Loan Services aquired my loan from Homecommings Financial in March. I was to pay the first payment to Aurora in April and was given several options to pay.
I chose the interest only option (1), since at this time, that was all I could afford. The first payment as written on the statement was $1119.07 which was payed on time.
In the process of registering online, I discovered that paying that amount was insufficient and resulted in a monthly increase of $837.81 to my mortgage balance. Results? Instead of having a mortgage of $275,000.00, I now owe $287,684.64. To avoid this, I will have to pay $1956.88 (interest only).
Can somebody please help me? I am desperate.
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