Original lender selling mortgage and paying more toward the interest

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My mom’s lender sold her loan and now we are paying a lot more in interest rates and only a small amount on the principal. Whereas the first lender, most of her loan payments went to the principal (since she had the original loan for over 10 years.


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if that is true, you need to alert your state attorney general’s office.

have ALL of your paperwork together before you call them.

Answered 5 months ago

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A change in who services your loan cannot change the original terms.

Answered 5 months ago

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Depends on the type of loan. If you had a 10/1 arm loan this may be possible. review your loan paperwork before you go off.

Answered 4 months ago

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