In 2001 december we purchesed a home for 183.000.00 dollars. When we signed the papers we were shocked! They gave us 2 loans. The first loan was 147.000.00 with 9.2% adjustable rate, the second loan was 36.000.00 with 14.50% adjuatable rate and a 3 year pre-payment penalty.
I do not understand how banks can rip-off people like this is there any justice other??? The monthly payment on the first mort.$1207.20 We pay 1120 dollars for intrest. I am so sad and angry, I do not know what to do.
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