Caliber Home Loans Caliber Home Loans - the biggest rippoff for mortgages ! Dallas Texas

Hey I'm sorry for the problem you are having :(

I'm not sure whether you are aware of this or not? But, when you sign a loan agreement on a loan, usually they state that your monthly payment amount is $XXXX.XX

i.e. The payment you make is fixed until the loan is repaid.

So, if you want to reduce your montly outlay, the only way you can do that is actually not going to work as you have already found out.

You have an excellent credit rate, so that's not ever going to be available again, unless we have another "Great Recession" (Yeah right)

What you could have done instead would have been to invest in something that would give you a positive income stream? Like maybe a stock that pays dividends, etc... If you have money available, have it placed into that account monthly.

Then take a portion of your income from that quarterly, and pay down the principal at least. Then when you have finished paying your mortgage off, you'll have the investment you made as well?

Not sure if that helps or not, but it's too late anyway.

I hate the banking industry and what it has done to ruin peoples lives... so I really do feel for you!

sincerely, CA

I found your response more sickening than my complaint. It is obvious that you are in the mortgage business, because only someone who is in this business and is profiting from others could write such stupidity.  You are so biased for the mortgage companies, that you really think this is the way to do business.  It is not.  I don't care if all the mortgage companies do this, it's wrong, dead wrong, and a complete rip off to the consumer.  You have the mindset of a lawyer or car salesman - screw the consumer in any way you can.  This site is for normal people getting ripped off, not for pro- business minded people like you.  It's because of people like you that this site and others exists.  So bs someone else's complaint.  

 First of all, (and this is the really funny part), the loan is owned by the lender and NOT you. They can sell it to anyone they want whether you like it or not and they don't need to tell you in advance. To tell someone to "not accept it" is hilarious because the borrower has no say in the matter again, because the loan is not owned by them! The selling of loans happens everyday in every county and state of the USA. Looks like you'll need to find some other way to find fault and nit pick, but still, thanks for the laughs!!! To pay a large amount like you did is certainly an unusual thing to do. Rather than assume you knew what would happen as a result of said payment, you should have performed due diligence ahead of time to see what the affect would be and consider other options to accomplish your desires. Oh yes, don't bother saying it, I'll tell you in advance, I don't work for them!