Aurora Loan Services
$13,000.00 increase to mortgage balance when choosing Option 1 payment
- 04-14-2008
- 16
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.
Company: Aurora Loan Services
Country: USA
State: Nebraska
City: Scottsbluff
Phone: 8783008695
Site: www.myauroraloan.com