Mortgage company said they didn’t need our consent or to inform us when they changed our amortization.
We did a port and decrease. Went from $450k to 300k. They changed our amortization from 23 years to 11 years without our knowledge or consent. They said they can do that. We’ve gone through all our paperwork to see and there’s nothing stating anything about amortization at all. We’ve contacted the lawyer we used for the porting process but it’s late and we won’t hear back until tomorrow.
Is this true? It sounds weird to us.