Mortgage Refinance Misinformation Claims
If you were offered a month or two of not having to pay your mortgage when you refinanced your home, you may have been misled. Some lenders have been offering consumers who refinance with them the chance to skip making mortgage payments for a month or two. This offer appears to be a discount on the mortgage, but these payments are tacked onto the end of the loan’s term instead of being truly skipped. This deceptive financial maneuver results in borrowers actually having to pay more over time in interest.
If this happened to you, you may be eligible for financial compensation. Take our quiz to see if you qualify.