I also have a loan with first Franklin Loan Services at 7% and at 11.8% for the second loan. I was aware of what I signed but when you start paying your monthly $1700 + $740 for the second loan, and not seeing a difference in the total loan amount, that really takes a toll on you. On top of that, I have an ARMM loan. I am just glad that the government now has drafted a Home Affordable Modification Program with clear guidelines for refinancing. Now, we will see what happens. I am so glad we have this website, now I am aware that I am not alone and we can do something about this if First Franklin continues to deny any modification application even with these clear guidelines.
