EMC MORTGAGE DID NOT HONOR AGREEMENT ripoff IRVINE Texas

My mortgage was sold to emc, from First Choice Funding. first i was contacted by first choice, to refinance & lower my payments $500 @5.00%-6.00% for 5 yrs. (two pymts @ 2.50% ea.) interest & principal

I thought this was a good deal. since i had planned to sell in 5 yrs. first choice agreed this is the best way to go. i called first choice at signing about terms
not being correct. i was told (you still get 6.00% for 5 yrs. 2 pymts 2.50%ea.)

my first pymt. came from emc @11.125% on interest. and 8.25% on principal (arm) i called emc. they told me they could do nothing they just collect payments. ive been paying this rate for almost one year.

Wayne
concord, California
U.S.A.