First they made the offer letter look like it is associated with the lender. It came as soon as I had refianced with the new lender. Then over the phone they never disclosed about the fee they will charge everytime. THEY never said they WILL NOT pay the lender once a month. THE worst thing as REPORTED wildly is the hidden $275 fee which WAS NEVER ONCE disclosed over the phone. I am copying and pasting below the same thing from others who have expericenced it.
Please if there is anyway to cancel without paying the $275, let us know.
"This is NOT DISCLOSED ANYWHERE except in a fine print at the bottom of an online form contract you submit electronically. I submitted the form but never used their services, cancelling the bi-weekly program before NBA made any mortgage payment on my behalf. They still withdrew $275 from my account, claiming it then represented a "lifetime enrollment fee." I have absolutely no idea what this money was in exchange for, NBA has not provided me with any service."
" I have found out the hard way that they DO NOT pay the bank biweekly as IMPLIED. They pay themselves my money every two week, earn interest on this amount for themselves. Then charge me a fee every time they withdraw MY money. Then pay the bank ONCE a month. Their way of lowering the principal is easy to figure out after some research. Two months of the year have an extra biweekly payment which they withdraw is collected and kept, therefore in effect ONE extra payment goes to your bank every year to pay off the principle sooner"
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