Global Mortgage Inc. Mortgage Ratings |
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 Global Mortgage is No Longer Servicing Loans |
March, 2008- In an email that certainly appears as sent from Global Corporate on Friday: "We regret to inform you that Global Mortgage, Inc. has shut its doors. Global Mortgage is in the process of filing for bankruptcy protection under Chapter 7 of the bankruptcy code..." |
 Maybe I'm wrong, but did my pre-payment penalty jump? |
My present mortgage was drawn up by a broker and I was told there would be a 1 year pre-payment penalty maximum, but when the clerk, not a lawyer came to house, she was in a hurry to another closing and we signed the papers, checked that it was a 30-year fixed but found out later it was a 30 year fixed jumbo with a 5 year pre-payment penalty. Global Mortgage says my records are not available at their Connecticut location so it can't be verified. Well, I've been trying to refinance and get a delay on the mortgage as I am on the verge of succeeding at a business venture that will bring in future monies but things are tough now and when I applied for the mortgage, I was told that my present mortgage had a 5 year pre-payment penalty. |
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