BETTY S.
I'm stuck in paying 29,000 in 23 years, with the $500.00 I pay monthly only $50.00 is going to my principal...I personally don't like the fact that I'm not allowed to pay my taxes or insurance,
I personally don't like the fact that I'm not allowed to pay my taxes or insurance, I'm quite capable of doing that myself. I have a loan of 29,000, with 23 years to pay it off.. imagine that!!!, I'm paying 500.00 a month and only 50.00 is going toward my principle, that sucks, I'm trying to get a loan from the bank so I can see my principle go down each month, I'm 70 years old, I don't want to be paying this for 23 years, I will be 93 years and still paying off a loan …Lets be REAL!!! allow me to pay my own taxes and insurance and apply the money I pay monthly to my principal...that will make me very happy, I'm going to speak to a member of congress and see if this is even legal... there has to be a better way....VERY DISCOURAGING, SO IF YOU'RE LOOKING TO FINANCE A MOBLE OR MODULAR HOME, PLEASE GO TO A BANK FOR YOUR LOAN....however I spoke with Sherry Watson, she is amazing, very thorough and nice, excellent customer service, she explained the escrow to me and answered all of my questions... I think the only solution is to get a bank loan and leave Vanderbilt alone, I do not recommend them if you're in your late 60's or 70's.. unless you live to be 100....it will take that long to pay them off....I gice SHERRY WATSON 5 STARS!!!!!!!!!!! SHE IS THE ONLY ONE THERE I WILL SPEAK WITH, ONE GUY TOLD ME THEY NEEDED OUR INTEREST TO HELP THEIR EMPLOYEES ETC, HE WAS TERRIBLE, WISH I REMEMBERED HIS NAME..... KEEP DOING A GOOD JOB SHERRY....