Novastar Mortgage
Novastar Mortgage is a contract breaker refusing conversion from an ARM that was contractually agreed
We signed a mortgage in May with Novastar mortgage. It was an ARM with a converion option allowing use to lock in the mortgage and the current rate (7.99%) for $250.00. It also had a two year prepayment penalty. The first two years the rate was fixed at 7.99% and coud go up aterward to a max of ...