I purchased a home and it closed on January 24, 2007 and my mortgage broker told me that I would have a pre-pay for the first loan for $6,000.00 and that would come out of my equity out of my home when I refinance. So, I called my lender to get payoff demands because I was going to refinance in 2 months and just pay the pre-pay to lower my month mortgage payment. When I received the payoffs it showed on there that the pre-pay was for the 1st and the 2nd and it is over $17,000.00+. I have a email from the Broker stating is was supposed to be for 1 year prepay for the 1st and it would be $6,000.00 and he would refinance me in 2 months to reduce the payment and pay the pre-pay. Well, now I don't know what to do I am in a loan I cannot afford and he won't return my phone calls now more. What are my options?

Hello nevaeh:

This one is simple. You need a lawyer.

excon

Ok, at closing of any house you get a detaled sheet of all of the debts and credits of closing.

Next anything even in writing, that is not part of the closing could be considered only offer or plans,

You need to forget all of the paperwork and promises prior to the official closing and mortgage paperwork.

If you signed mortgage loans and house closing paperwork without actually reading them ( tell me you didn't) then sadly you hve what you got, since it is not uncommon for mortages to end up different than applied for or asked for andyour accepting them is accepting the change.

So your attorney that helped you with the closing ( and yes you were suppose to have one) needs to look over all the paper work.

And assuming you don't have one, time to get one, way past time