Established Member
Posts: 22
Registered: ‎06-15-2012
new FHA rules vs Capital One indefinite APR change

hi, according to the FHA PDF, is after 6 months of the bad APR, the rate is suppose to return to regular.  However, Capital One states in their paperwork that one missed payment means you default to the higher APR indefintely.  is Capital one allowed to do that?