Mortgage Company won't drain interest on equity line/what to do?
My mortgage company was sure quick satisfactory to raise the rate on my equity line of credit when they could, but immediately have overcharged me for many months once the prime lend rate was starting to be reduced. I've been dealing beside them for about a month now, and getting the royal run-around, as usual, but hey, they owe me profoundly of money! Myquestion is this..can I sue them? My interest payments are automatically debited from my checking account on the 20th of the month, and within spite of my calls for the past month, they took another INFLATED salary out of my account yesterday.
I found a complete list of adjectives prime rate changes for the past several years and own my statements as proof that they are handling my account in a fraudulent instrument. Please, some good advice needed. Thanks within advance
"> What do your loan papers say? Find your copies from where on earth you first took out the line of credit and read what it says something like interest. Does it say the interest will come down with prime? If not, afterwards they have no reason to lower it. Whether you can sue them and win or not depends on what's surrounded by the contract that you signed.
Related Questions:
What is the worth of equity when you enjoy a mortgaged house.?
It's the amount the house is worth over the amoutn you owe on the house. If you owe $20,000 and the house is worth $100,000 you own $80,000 in equity.. It is the value you own built up in the house that...
I found a complete list of adjectives prime rate changes for the past several years and own my statements as proof that they are handling my account in a fraudulent instrument. Please, some good advice needed. Thanks within advance
"> What do your loan papers say? Find your copies from where on earth you first took out the line of credit and read what it says something like interest. Does it say the interest will come down with prime? If not, afterwards they have no reason to lower it. Whether you can sue them and win or not depends on what's surrounded by the contract that you signed.
Related Questions:
What is the worth of equity when you enjoy a mortgaged house.?
It's the amount the house is worth over the amoutn you owe on the house. If you owe $20,000 and the house is worth $100,000 you own $80,000 in equity.. It is the value you own built up in the house that...