well it makes no sense to me.
borrower - "I am to get back $10,000 and you're telling me I owe $2500. What is the difference?"
borrower - "I didn't want my Acme Dept Store card paid off - it's for furniture at 0% for 18 months. Why is it listed as a payoff?"
Borrower - "no one mentioned this balloon/prepayment penalty/adjustable rate previously. perhaps I will sign when you explain the benefit to me compared to what we originally spoke about."
You can't answer these questions even if you want to because you don't have any of the background paperwork in front of you. Something isn't right here. I'm thinking they don't want you calling with every little seemingly innocent question that notaries appear lately not willing to answer/show the borrowers. Like that one recently who posted that the borrowers asked what bills were being paid off and she answered that she wasn't there to answer financial questions (hello, how about just whipping out the HUD in that situation)
I also wouldn't sign any contract that says you can't work for anyone else. what are they guaranteeing you in return? a fixed number of appts. w/a set commission? |
