we were not told our intrest rate at 1.95 would not cover the intrest on this loan at any time.we were told 1.95 would be a minimum interest only payment by harbinger,& fideity. at 1.95 we are incuring defered intrest,our pincipal is increasing, not remaining the same as we were told it would, several times. we were rushed though the paper work, not given time to read any of it. they assured us "they would explain all aspects,it was very simple, standard loan". we paid off all dept, therefore there was no need for futher cash to be freed up.(the rebutals explanation for this type of loan).
harbinger morgauge did not even attend the signing of the documents(frank lawongo). he cost us an additonal $500.00 when he closed our equity line instead of paying it off as advised. where dose the truth in lending act come in. doing bussiness with any of the thee companys will only get you screwed in lending!
Jim
rocklin, California
U.S.A.