First Continental Mortgage, Ltd Mortgage Complaint

VA mortgage Loan modification,collection,foreclosure

First Continental Mortgage, Ltd Mortgage department,

VA mortgage Loan modification,collection,foreclosure Texas

I applied for a VA Loan Modification with my lender First Continental Mortgage Litigation Department on -/-/-. On -/-/- l received a Approval Loan Modification agreement in which the new VA loan modification is higher than the old loan. I used to pay $1200.00 a month than my payments escalated to $2000.00. Old VA Loan interest rate Was $880.00 and Principal was $340.00 with interest rate.at 4.3750 % with No Prepayment Penalty. Old outstanding balance was $240000.00 New VA loan modification mortgage is $1700.00 with a interest at 4.125 % with a term of 360 months and with a Prepayment Penalty New


Why new VA loan modification approved mortgage is at $1700.00? Does the $1700.00 includes property tax and Home insurance? It appears that lender implemented late payment fees, old property tax debt with new mortgage? I am not rejecting the new VA loan modification approved agreement but why l can not get a new VA affordable mortgage under $1700.00. I am on a fixed income - - Lifetime Pension of around $3900.00 a month with no Social Security - benefits or compensation.l was denied on social security -. I am respectfully Divorced and l live alone in my home. I am respectfully a Military Veteran. I am on -. Notice : I will send verification of lender docs to Consumer Financial Protection Agency by email. I have contact President Obama Administration on issues. I received VA loan modification approval letter on -/-/-.by regular postal mail. Urgent Matters.. I am a - - -. I am enrolled with HOPE HUD Greenpath program Counselor - -.

First Continental Mortgage, Ltd customer in Texas
May 02, 2016

* Source: CFPB Complaint Database

First Continental Mortgage, Ltd response to complaint:
Closed with explanation

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