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I re-fied a few years back and have found out the second mortgage

Posted on: 21st Jul, 2009 02:41 am
i re-fied a few years back and have found out the second mortgage that was bundled in expires in 15 years,but was amoritized on 30 years,the schedule shows that the full amount will still be owed at that time.do i have any recourse,the loan was purchased by a different servicer than the original company,which i think was new century.
JOEBOB5586

welcome to mortgagefit,

I suppose this could be some 'technial error' when you signed the documents.Make sure you get it corrected from your second mortgage lender ASAP.

Keep in touch........
Posted on: 21st Jul, 2009 04:46 am
you said you refinanced - did you not know that the new mortgage was a 30-year loan?
Posted on: 21st Jul, 2009 06:57 am
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