Regions Financial Corporation Mortgage Complaint

Regions Financial Corporation Mortgage department,

Home equity loan or line of credit Credit decision / Underwriting Alabama

Regions Bank turned down my - - - - mother 's equity line request for $40000.00 to help take care of long-term care expenses. They claimed she did n't have enough credit history. This is absurd considering she bought her home in - and made payments on it every month until is was paid off in -. Since then, she has had multiple credit cards and lines of credit that have all been paid in full. What 's more she has bought multiple cars using credit over the years. In addition, she has a current - - - credit card with a $6800.00 balance that she pays monthly. As an aside, the - credit card is the only debt she has. As for other information, her FICO score is - ( according to Regions Bank ) her current front-end debt to income ratio is 12.7 % while the back-end ratio is about 24 %. Home is valued at about $50000.00 according to various on-line Web sites and it paid for in full. Total income is - monthly after taxes.