My wife and I felt as though we were getting too far behind on bills. We thought if we were to consolidate credit card debt and include our mortgage, everything would be better. We heard about Jericho Mortgage and gave them a call.
Because of the amount of debt we had, they could not include it all in the refinancing, but enrolled us in a "HELPING HANDS" program at an interest rate of 12%. Two months later, we were to call them back and they would refinance our loan at no charge and give us a much lower interest rate.
Upon calling, we were told that we would have to wait another month, so we did. Called a 2nd time, and were told to wait 2 more months. 2 months later, phoned again, and were told we had marks on our credit. If we could get them off, then they would be able to do business with us.
Well, sad to say, those marks are unable to be removed. You see, after refinancing, our mortgage payment increased to $593.72, making us become further behind in our bills. Our original mortgage loan was for 20 years, having only 15 left, at the time of refinancing. Well, they stuck us into a 30-year loan. That was only to be temporary until we would phone them in 2 months. Now we are so bad off, that we don't know what to do. Attempted to refinance with another company, but to no avail.
