In Dec 2004 My husband & I refinanced w/ AIG (aka MorEquity aka Wilmington Finance). We were NEVER disclosed about an EARLY payoff (prepayment penalty) until the bank attorney sat at my table (closing). We now signed a document under duress that we had to pay a 5% penalty on remaining balance if we payed off with in 5 YEARS. it was NEVER DISCLOSED Then in January 2009 in the midst of the US recession MorEquity SOLD us to HSBC. They gave us MAYBE 2 week's notice & said effective Feb 4th 2009. Most mtg's are due on the 1st so... read full review »