- Report: #283333
Complaint Review: First Guarantee Mortgage - Cleveland Ohio
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First Guarantee Mortgage
2556 South Central Cleveland, Ohio, U.S.A.
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First Guarantee Mortgage First Guarantee Mortgage didn't inform us of prepayment penalty Cleveland Ohio
We were not informed of the prepayment penalty first it was in the loan that wasn't the rate changed as well. We didn't find out about the prepayment penalty until we tried to do a new loan to lower the rate months later.
Steve
Carol Stream, Ohio
U.S.A.
Steve
Carol Stream, Ohio
U.S.A.
1 Updates & Rebuttals
Bob
Aliso Viejo,California,
U.S.A.
Paperwork
#2Consumer Suggestion
Mon, November 12, 2007
You should have a copy of your original paperwork you signed with the notary, in there you will see a pre-payment rider that states exactly what the pre-payment terms are. If you do not have that then you need to request the signed copy from the lender showing your signature on it. I am sure it is in there and was missed when you signed because of how many pages there are to sign. If not you may be able to get it waived by contacting your state agency that regulates mortgage companies.
