I guess it is my fault for listening to the pitch. I guess it is my fault for believing.
I guess it is my fault for needing help. Wait, I did nothing wrong, but the Wells Fargo pirate ship has sailed into my life. I borrowed $310,000 to re-finance a mortgage with WF and an adjustable rate. They helped alright, by locking me into a loan that has a higher rate than the adjustable would ever reach.
They "helped" after a hurricane and my home was unlivable due to damage by allowing me to not make payments until I was able to move back in. Somehow my $310,000 mortgage is now 3 years old and has a balance of nearly $385,000. This is after I paid in over $65,000 in payments. Like that math?
Then you have found your next mortgage.
I am not griping about my newly devalued $250,000 home with a larger balance, after all if the value had gone up I would be ahead. I just do not understand (well I heard the explanation) how I spent $65,000 to pay down a loan that is now $75,000 more than I borrowed, that's all.
Product or Service Mentioned: Wells Fargo Loan.