Bob Pace
Silver Spring,#2Consumer Comment
Fri, September 07, 2007
How is that possible? Its possible they could be servicing a loan that was originated by a 'predatory' lender, but they didn't create the terms of your note. They are bound to the same note as you. If you don't want to pay a prepayment penalty, don't take a loan with a prepay penalty. Always make sure you read and understand the guidelines of the note before you sign it, if you don't like the terms, walk away.