Bank of America Mortgage Complaint

Bank of America Mortgage department,

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

I applied for a $50000.00 home equity line of credit with Bank of America. The BAC person said she made it for $100000.00 so I 'd get a better rate. After waiting more than two months with no response other than them asking me if my dead husband still owned property on a street where he never owned property, I realized they were just jerking me around.. My house is paid in full and is located 15minutes from NY- via car or ferry. My car is paid for. I received a letter of rejection from BAC based on " the debt being too high for my income. Considering that I only wanted $25000.00 the monthly payment would have been under $150.00. I clear a minimum of $2200.00 ... .my house and car are paid for and my health care insurance and costs including dentistry is free from my late husbands job. I have no debt other than $2000.00 in credit cards that I used to have work done on the house while waiting for the BAC home equity loan. A tree 's roots were taking down a retaining wall adjacent to my driveway. BAC had no reason to delay their response for months and no legitimate reason to turn me down. They mention - ... the only inquiries made of - would have been by BAC. Also, when I took a new BAC credit card to a BAC bank for $1000.00 cash, I was initially turned down because " the credit card '' that was never used " was bad. '' A manager corrected that. Overall, the discrimination is clearly based on my age. The house is valued at $300000.00 and could be sold in a couple of weeks by any realtor if needed ... .good collateral for sure. My credit rating is - with - based on the reject letter from BAC.