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Julia & Ben Wheatley

4 years ago

We are feeling very taken advantage of right now. ...

We are feeling very taken advantage of right now. We refinanced through this company in 2012 and they snuck in a lot of clauses and legal verbiage that makes it impossible for us to get our PMI off even though it s a conventional loan. We are not eligible till 2031. One of the most irritating parts of the legal verbiage they snuck into the contract was the fact that when they sold the loan to a servicing company, the contract states that the servicing company can keep PMI on according to their discretion and their investor guidelines. Horrible. The craziest verbiage was one that stated, in the event of another housing crash they can add PMI on even if it is already been taken off!!!

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