Julie
Guthrie,#2Consumer Suggestion
Thu, June 02, 2005
Mortgage companies are in this to MAKE MONEY. I know, that is shocking. You signed off on documents at closing that said you promised to pay all of this money back. Mortgage companies don't loan money for free, they do it for profit. If you don't like to pay interest, next time pay cash. What you are describing isn't predatory lending (check the definition on the hud or ftc website). It also isn't illegal, you signed documents agreeing to it. All mortgage companies charge interest, this isn't something only done by Greentree.