SunTrust Bank Mortgage Complaint

Home equity loan or line of credit Loan servicing, payments, escrow account

SunTrust Bank Mortgage department,

Home equity loan or line of credit Loan servicing, payments, escrow account Florida

I have had a loan with Suntrust Bank for about - tears at least. My principal never seems to go down. I have been watching it very closely for this year. I have another mortgage, and calculate correctly to within - cents of principal and interest on each payment so I know its not me. But with Suntrust I am always off between $ - $30.00 per month. I have talked to them every month about this, and cant seem to get a straight answer. even when the branch does the math with me they come up with what I come up with, and the send in a ticket to have it fixed, but it never happens. Example. A payment was made - -, 2015, of $300.00, $ -was principal, $200.00 interest. loan bal was $29000.00 and rate is 7.840 apr. Next payment was made - -, 2015 for $300.00. their break down is $110.00 principal and $180.00 interest, bal is $29.00, -. Next payment made is - -, 2015 of $300.00. this entire payment went to interest and balance due $29.00, -. I do n't know how this could be? And they can not explain it. I make my payment early. over pay the payment amount. There are months that I pay in - days and it seems that i get charged for - days anyway. I dont know whats going on with them and I need help. They just do not make sense. I have - loans with different rates, different balances, and when i do the per day cost, and add it up, i 'm on the money every time, but suntrust i am way off from what the come up with, and i never can get a reason.

SunTrust Bank customer in Florida
Oct 14, 2015

* Source: CFPB Complaint Database

SunTrust Bank response to complaint:
Closed with explanation

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