Posted on: 01st Dec, 2010 09:17 am
I closed on my new home on the 5th November 2010, and received my payment amount. The number of dependents listed was "0" so i called to inform my local Rural Development office that I have two children, as listed on my inital application. The next day I got a call informing me that the payment amount I recieved at my closing was incorrect, and there was a mistake. I was told to come in and sign new paper work to reflect a $158 increase to my monthly mortage payment.
How can this happen? How can I add two dependants that was clearly stated on my inital application then have my mortage increase by $158?
How can I recieve and sign for a payment amount then be told before I can even make that first payment that there was a mistake and now my mortage payment has to be adjusted to include a $158 monthly increase, and a drastic decrease of subsidy?
I am really confused about this entire situation.
How can this happen? How can I add two dependants that was clearly stated on my inital application then have my mortage increase by $158?
How can I recieve and sign for a payment amount then be told before I can even make that first payment that there was a mistake and now my mortage payment has to be adjusted to include a $158 monthly increase, and a drastic decrease of subsidy?
I am really confused about this entire situation.
Hi Guest!
Welcome to forums!
You will have to contact your lender and discuss the matter with him. He will be the best person to explain why the payment has been raised by $158.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You will have to contact your lender and discuss the matter with him. He will be the best person to explain why the payment has been raised by $158.
Feel free to ask if you've further queries.
Sussane
Confused....I don't blame you for being confused. At the same time, I'm sure your phone call concerning your two dependents had naught to do with the increase of $158. As they noted, a mistake was found and needed to be corrected. Hopefully, they'll help you understand what transpired and help you to comprehend the fix they needed to make.
