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Report: #1447338

Complaint Review: CALIBER HOME LOANS -

  • Submitted:
  • Updated:
  • Reported By: kay — United States
  • Author Not Confirmed What's this?
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  • CALIBER HOME LOANS United States

CALIBER HOME LOANS they gave me a disount on percentage rates and a lower monthly payment. After 3 years they sell the loan to fayer servicing and then I found out that they had added $30,000. to the back of the loan. I thought they were folling the rules regarding the HARP program. I had no idea they were going to do that. Are they allowed to do that? Internet

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Calber bought out mortgage from HSBC. HSBC threnthed me  me with foreclosusre and I had to pay   an extra $3000 in one month to catch up. So I did. The very next month i discovered caliber was our new owner. I thought that was completely m unethical. I  figured then the mortgage companies have a great scam going on. Making money off senior citizens.

Caliber then sold the loan to Fay Servicing.  Is this the ofi a mortgage companyn or just a debt colector.

When I received the leter from Fay Servicing I realized caliber had added $30,000 extra. I called Caliber and asked why they did that he said since we had a lower monthly payment they calculated and added it in at the back end of the loan.. As I said I thought this was HARP program and I would not charged extra money for that. 

So I am completely confused. Are they allowed to do that or is this a mortgage scheme for then to make money.

This report was posted on Ripoff Report on 06/13/2018 03:21 PM and is a permanent record located here: https://www.ripoffreport.com/reports/caliber-home-loans/caliber-home-loans-they-gave-me-a-disount-on-percentage-rates-and-a-lower-monthly-payment-1447338. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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