Freedom Mortgage Mortgage Complaint

VA mortgage Loan servicing, payments, escrow account

Freedom Mortgage Mortgage department,

VA mortgage Loan servicing, payments, escrow account New Jersey

On -/-/- I refinanced my VA home mortgage with - - - - in the amount of $220000.00 with a monthly payment of $1000.00. ( See enclosure BBB_ Complaint Case ID # - ). This mortgage was subsequently purchased by Freedom Mortgage Company. As you can see from - I have been paying $1400.00 every month on time. Then in -/-/- my payment was raised to $2200.00 ( See - ). I contacted Freedom Mortgage and they told me the increase was caused by a mistake at the -/-/- settlement on the amount of property taxes and that they were going to spread the " arrears '' out. A new payment in the amount of $1900.00 ( See - ). I filed a complaint with the Better Business Bureau and Vice President - - - confirmed the increase was due to a mistake at settlement. ( See BBB_ Complaint Case ID # - ) Therefore due to a mistake at settlement and that mistake not being caught by - or Freedom Mortgage, my monthly payment has increased by $480.00. I feel this is either incompetency or the part of - mortgage companies or a predatory loan I never would have agreed to in 2015

Freedom Mortgage customer in New Jersey
Mar 09, 2017

* Source: CFPB Complaint Database

Freedom Mortgage response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Freedom MortgageComplaint HistoryComplaints3/20126/201211/20121/20133/20135/20137/20139/201311/20131/20143/20145/20147/20149/201411/20141/20153/20155/20157/20159/201511/20151/20163/20165/20167/20169/201611/20161/20173/201705101520Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Freedom MortgageLoan servicing, payments, escrow account0.5%96.9%1.0%1.0%0.7%ClosedClosed with explanationClosed with monetary reliefClosed with non-monetary reliefIn progressSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageLoan servicing, payments, escrow account0.2%5.8%5.1%1.1%2.3%4.0%80.3%1.2%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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