Countrywide Financial - We Got a variable interest rate and we did not know about it
We bought a House in 2003 with a interest rate of 7% which is already high, after 3 years stared to
receive a bill higher and higher, our initial payment was $550.00 a month including insurance and taxes
now is $950.00 as you can see we can not handle the payments anymore.We did not read the paper
of sale and nobody explained to us about the interest rate now the interest rate is 13%. thank you
very much. If Someone explained this deal we never were suppose to sign the papers.
We are not behind the payments, however we are about to give up.
Monetary Loss: $10.