Home equity loan or line of credit Loan servicing, payments, escrow account
Wells Fargo Mortgage department,
Home equity loan or line of credit Loan servicing, payments, escrow account California
In 2005 I entered into a Smart Fit refinance loan with Wells Fargo Bank. Under the agreement I was to pay just the interest on the principle. At the end of the - years they automatically rolled it into a - year fixed mortgage at a 6.05 % interest rate. They have no record of contacting me about the change. As if this were not bad enough they want $660.00 per month for - years on a $55000.00 principle amount. All calculations I find at this interest rate on the principle come to only an average of $440.00 per month. My online account does not show the conversion to a - year mortgage nor does it breakdown any detail of what is included in the payment. Only referring to them as fees and charges. All correspondence with Wells Fargo has gone no where.
Wells Fargo customer in California
Aug 02, 2015
* Source: CFPB Complaint Database
Wells Fargo response to complaint:
Closed with explanation
Submit a complaint with the Consumer Financial Protection Bureau today
File ComplaintWebsite | http://www.wellsfargo.com/ |
Phone | (866) 249-3302 |
[email protected] | |
Address | 420 Montgomery St Frnt San Francisco CA 94104 |
Wells Fargo | |
Wells Fargo |
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