You've recieved some terrific answers - I agree you shoudl go see an attorney familiar with lending practices in your state.
Now, let me add a little tidbit that no one (in your loan transaction) may have shared. Did you use a Mortgage Broker / Lender who was afilliated with the RE Broker? If so, they may have a joint venture with a larger mortgage company that was re-branded for that Brokerage. If that Loan Officer and Broker didn't do everything they were supposed to do, correctly, the parent Mortgage Lender may be calling the loan from the RE Broker (not you) and they may be trying to dump the problem onto you.
Again, find an attorney for a consult, make sure you have a copy of every piece of paper you signed and if you don't get resolution in writing quickly, call the Attorney General's office in your state.
Best of luck,
Broker / Owner & Certified HAFA Specialist
Thom Colby Properties
Newport Beach, CA
Moving Lives Forward (TM)
We NEVER DOUBLE-END a Transaction in our Brokerage. There is NO benefit to the Seller or Buyer but only benefits the Agent.
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i would consult a r.e.s.p.a. attorney......give them a copy of the docs you signed..all of them...
This is a question to take to your mortgage loan officer for a clear and thorough explanation. It is within your rights to understand every aspect of your loan. So feel free to contact him or her and ask as man y questions as you need to get a clear understanding of your loan. Best of luck to you!