"Rafael Delarosa of Lawrence testified yesterday that he could wind up losing his three-decker house on Stearns Avenue because of some false and misleading advice he got two years ago. ‘She told us the minimum we’d be paying (a month) would be $2,500, including taxes and insurance,’ Delarosa said of his mortgage broker."
"But Delarosa wound up with mortgage payments of $3,700, with the insurance and taxes included. And the 30-year fixed-rate mortgage he expected turned out to be two loans, one for two years and the other for 15 years."
"He and his wife earn a combined $2,400-a-month in Medford. They were counting on rent money from the triple-decker to help pay off the mortgage. But one of the apartments is vacant and new tenants are unlikely after he put a ‘for sale’ sign in his yard three months ago." (link)
Apparently in Massachusetts you can sue your mortgage broker if you don't know the difference between "minimum" and "maximum"...