Darin
Loveland,#2Author of original report
Wed, May 05, 2004
As it turns out, the payments increased by $5.00 and we were not informed! However, our account manager took it upon himself to reinstate our loan agreement and increased our payments for the $5.00 that was due. Bryan Camilli Asset Resolution Specialist is good to work with. He iniated this without being asked or told to. He could have been like some of the other jerks we have delt with from Homecomings, however, needless to say, my wife and I are not happy that our house payment is overall going to increase by as much as $100 more a month than when we started. I am not a rocket scientist, however, when my wife got this balloon loan, she was told that if rates drop when her loan was due to change, then our rate would drop and so would our house payment. We cannot get any creditable or reliable or even a straight answer from Homecomings. Why did our intrest rate go up when the interest rates dropped? Still going to exprlore the possibility for refi her within the near future. Thank you for reading my post!