Usacomplaints.com » Business & Finance » Complaint / Review: Loan modfication/principal balance reduction - High interest rate & past due interest added that was suppose to be included in principal balance reduction. #948272

Complaint / Review
Loan modfication/principal balance reduction
High interest rate & past due interest added that was suppose to be included in principal balance reduction

Unique mortgage was over $237,000, rate of interest is 7.825 therefore test cost was $1500. We were informed that mortgage could be recalulated with fresh mortgage amount could be significantly less than $1500. Then we were informed the mortgage was nonetheless $1500.00 therefore the house could be reduced earlier that was the untruth (25 years could be $450,000 taken care of the $73,490 home. Then we obtained lasting cost nevertheless at $1500 per month and we required that rate of interest be decreased to 5% or 6% therefore mortgage cost could be cozy at a maximum of $1200.00 a month. We were advised that We ought to grateful for stability decrease. Foreclosure purchase day is planned for September 20.


Offender: Loan modfication/principal balance reduction

Country: USA   State: California   City: Fresno

Category: Business & Finance

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