Worked with 5 different employees throughout the process of the loan. i was told that to bring the mortgage payment down we can refinance with an interest only loan for 5 years at 2.5. i was informed that the principal will not go down. at the end of the 5 years it will still be the same amount that was borrowed. i just noticed while picking apart the mortgage statement that i have an ARM with a pick a payment. my principal balance is now 5000.00 more in just 5 months. i called morgan funding. they said they see how there could have been a... read full review »