I initialed but was never given a copy. This was a five-year ripoff, and I was abused and mistreated.
I will keep it short and sweet. I did not know much about second mortgages, so I got taken by the Associates, also known as Citifinancial. After 3 years I figured my prepay period had to be over. I could not find it in my contract.
When I called, they said I initialed a 5-year prepay penalty. I asked why this was not in my contract. She stated they do not give copies of that. My question is why give you a contract and exclude such an important item. I just feel ripped off because now I am refinancing for the great rates now offered, and they want $1,700.
I paid them plenty to get the loan. I paid a large interest rate of 11%, equaling $10,000 in interest alone over a 3 year period. That is not enough for them. They want 6 months of interest to pay it off? And they still have not produced any documentation with my initials. It is in the mail, I am told.
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