Do you have a Wells Fargo home loan?

Deal Score0

I have busted my hump paying my mortgage at Wells Fargo. I have paid on time every time. I have begged for a lower interest rate and have gotten nothing but tough patootie from them.

Now the government is stepping in and using my tax dollars to coerce Wells Fargo into subsidizing a thiefs home with my interest paid on my mortgage. What???

http://www.foxnews.com/story/0,2933,314118,00.html

If you have borrowed money from these scum, please contact me.

Have a Great Day, except you Wells Fargo.
Apparently I was unclear in my former statements. I have been paying on this loan for 10 years. I want them to lower my interest rates and not subsidize the weenies (stronger word necessary) that buy houses with monkey around terms that they can’t afford in the first place.

I have sad news for you, this break is 100% taxpayer and upstanding interest paying mortgagee subsidized. You don’t have a clue.

God Bless

Frank Pytel
I don’t care if some retired couple is depending on the interest. Its not just mine they are depending on. It is also all these loosers who buy houses they can’t afford that makes the retired couples interested in the investment in the first place. Shows great returns. For a couple of months until these weeners default on their contractual obligations. Did they not show up to sign the papers?
Eliana;

What?? Did you even read the question?

For a 100k home loan, would you pick Wells Fargo or Bank of America? Considering Mortgage Rates, Closing Costs, etc.

Thanks!

11 Comments
  1. Reply
    chatsplas@sbcglobal.net
    January 30, 2011 at 4:42 am

    Maybe you have been contacting the wrong people at W-F? There are several programs out there now to help borrowers with ADJ rate loans. The latest one is part of the stimulus package. I have found W-F people helpful with clients in foreclosure in the past.

    Merely because you want a lower interest rate doesn’t mean they can or should give you one. The loan has probably been sold to investors, a retired couple in FLA, who are counting on the interest income for their retirement. They can’t just change the interest rate, and could be sued by the investors. It is a binding contract that you signed when you obtained the mortgage.

  2. Reply
    Real Estate Guru
    January 30, 2011 at 5:22 am

    The program is voluntary and not a dime of your tax money is going to support it.

    So, Wells Fargo isn’t required to give you a break by any “law” that was passed.

    Did you not show up and sign the papers at closing? Did you not know what the interest rate was and that it wasn’t fixed? Would you be complaining equally if your interest rate went down?

    Just because you don’t like the deal that you AGREED to doesn’t make Wells Fargo a bad lender.

    Just like any other gamble..sometimes you lose.

  3. Reply
    Eliana
    January 30, 2011 at 5:51 am

    So you think that you’re ready to buy your own home? Hopefully you’ve done a little research online to make your first home buying experience a good one. First of all you should contact a mortgage broker that will preapprove you for your new mortgage. This is now more important than everloan application. The mortgage broker will also run your credit. With all this information in hand the mortgage broker will see if you have enough income for the price of the home that you would like to purchase.

  4. Reply
    Janice 10
    January 30, 2011 at 5:55 am

    Wells Fargo for sure, the are wonderful to work with and easier to get a loan through them. Best Wishes

  5. Reply
    jari
    January 30, 2011 at 6:36 am

    janice 10 is a fool….
    you are the boss in the loan situation….
    find 5 banks…those 2 included….and get the best possible deal…

    you don’t need to deal with wonderful people….

  6. Reply
    Mortgage
    January 30, 2011 at 7:11 am

    I would recommend you use a Mortgage Broker instead of a bank.

    Get recommendations from people you trust.

    A Mortgage Broker has access to many lenders and will be able to help you select a lender that has more favorable underwriting times. They will be able to help you get rates that are equal to or better than the Big Banks. By law, they are required to tell you how much they are going to make on your loan – Banks are not required to do so, and seldom do.

  7. Reply
    Earl
    January 30, 2011 at 7:25 am

    I agree with Janice. Bank of America is horrible. I’ve used a mortgage broker in the past and will never do it again, it was very expensive. I got a loan with Wells Fargo, was very easy and reasonably inexpensive with competitive rates. About 9 months later I used their streamline refinancing program to lower the interest rate, that process was free and saves me $ 150 a month in interest.

  8. Reply
    kyle
    January 30, 2011 at 7:52 am

    nobody expects anything bad to happen but if it does you would not want to deal with either one of these banks. I would recommend working with a local bank or better yet a credit union. You have all the power and there are many mortgage people out there dieing for work. Granted that you qualify go to many places and tell them what you expect to pay and that is it. Pit them all against each other and the one that wants your business the most will gladly take it. I bought my first place from a credit union and they were great but I’ll go with a broker from now on after I bought my second place. They have so many more options and have more flexibility on price because they work for smaller places with more leeway, many banks have set rules and the mortgage “professionals” cannot deviate from them and you get sort of boxed in.

  9. Reply
    nikkithebadest
    January 30, 2011 at 8:38 am

    Whoever has the best interest rate.

  10. Reply
    Heather
    January 30, 2011 at 8:52 am

    I would suggest getting good faith estimates from several banks and mortgage companies. My husband and I got preapproved from three companies, got good faith estimates from all three and picked the best one. We are closing on our home tomorrow. We did work with Wells Fargo for awhile, but ended up going through a different mortgage company.

  11. Reply
    Pop
    January 30, 2011 at 9:06 am

    Check it out here. It’s an excellent site with some wonderful options for you. It will definitely help you. Have a look.

    http://best-online-loans.info/
    http://loan–house.blogspot.com/2008/03/bad-credit-loans.html

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