Refinanced my home in 1998, and agreed to LIBOR ARM terms each 6 months for 30 years. The loan was for $173,000. Upon refinancing in 2000 with another company with more favorable rates, found out we owed $185,000. Principal was never paid down, late fees on top of late fees were assessed and a daily acrrual of interest.

We never signed anything other than what we considered to be normal terms and conditions. I get ridiculous response in writing when speaking with them. We lost $12,000 in 24 months to interest in addition to the interest made on the loan payments of 2000 a month for 24 months.