Wells Fargo & Company Mortgage Complaint

Wells Fargo & Company Mortgage department,

Home equity loan or line of credit Application, originator, mortgage broker Maryland

-/-/-, I applied for a mortgage loan for a property that cost $220000.00. I received the terms for the mortgage. I had money for the down payment and closing cost. About a week or two before closing I received a letter in the mail stating that there was a - mortgage in the amount of $33000.00 and that the mortgage had a balloon payment that would be due in 10 years. I felt uneasy and should have pulled out of the whole deal, but was told that was the only way they could finance the loan. I went ahead with the closing and moved in. Several times during the past ten years, I have tried to refinance, modify, and short sale the property. Each time being put through months of paperwork, just to be told no. Fast forward to -/-/-, the balloon payment is due. I owe about $30000.00 on a loan that was originally $33000.00. My monthly payments were $260.00. I paid that amount on time for 114 months. That means that I have already paid Wells Fargo $29000.00! However, I still owe them a lump sum of around $30000.00. Wells Fargo will make about $60000.00 on a $33000.00 which is almost a 50 % interest rate. Basically, for every dollar I was lent, they are getting back -. How can this be legal? On top of that, my first mortgage was interest only, so I have made little progress in paying that down.