May 13, 2014 7:06 AM Subscribe
We have an excessive interest rate on our home. We tried to refi, and the appraisal came in a good $40,000 less than it needed to in order to qualify. So some of our more numerically-talented friends ran some numbers for us in an attempt to find alternative solutions and found a weird discrepancy that makes it appear we owe $15,000 more on the loan than we do...
posted by bitter-girl.com to Work & Money (13 answers total) 3 users marked this as a favorite
My husband bought the house in 2001 before I lived with him. He's always paid the mortgage on time, but the attractive (for investors! not us!) interest rate means it's been resold a kajillion times to multiple mortgage holders. It's currently with (shudder) Ocwen after GMAC failed.
What steps do we take to determine if something hinky has happened along the way? Do we start by adding up a decade of mortgage payments and saying hmm, that totals xxx? Or what? Is there any way of tracking all the companies that have ever held the loan and demanding records?
(For the purposes of this situation, assume my husband pays everything online and that we don't have paper bills for every mortgage payment made). Thanks in advance, hive mind!