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Homecomings Financial Mortgage Sold to MGC

This is a topic titled Homecomings Financial Mortgage Sold to MGC made in the Home Mortgage section, belongs to our Mortgage Chat category; Recently my mortgage was sold to MGC Mortgage. Has anyone had any dealings with them before? Before Homecoming sold my mortgage to MGC, I had a modification to my existing ...








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Old June 24th, 2008, 10:45 AM   #1
Joel Fraser
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Registered: May 2008
Posts: 907
Default Homecomings Financial Mortgage Sold to MGC

Recently my mortgage was sold to MGC Mortgage. Has anyone had any dealings with them before? Before Homecoming sold my mortgage to MGC, I had a modification to my existing loan with a better APR which reduced my monthly payment about $250.00. Now it is back to over $300.00 more with MGC Mortgage. Can MGC set my APR at whatever rate they want?
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