Wells Fargo Mortgage Review
2 Customer Reviews - see all comments
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Wells Fargo is one of the country’s biggest private mortgage provider in the country today. It offers a good mix of mortgage plans that offer homebuyers the best opportunity of qualifying for a mortgage loan. Services also include home refinancing, construction loans and home equity loans. Wells Fargo website contains a huge resource of mortgage calculators and knowledge base for homebuyers.
Latest Wells Fargo Reviews
I have a mortgage with Wells Fargo. I am in the process of refinancing. I live in NY, where there is a significant mortgage tax for any new mortgage. To avoid this tax, most lenders will assign the existing mortgage to the new lender. There is no mortgage tax on an assignment. Wells Fargo is refusing to assign my mortgage. They will only record a satisfaction of my mortgage. This means the new bank will have to issue a new mortgage, and I will have to pay thousands of dollars in mortgage taxes. There is simply no reason for this policy. An assignment is a simple two page document that most lenders will agree to sign without any issues. Wells Fargo does not care about its customers,... Read More
BEWARE! We had a casualty insurance loss at our home - storm related. The Insurance Company paid promptly, payable to us and Wells Fargo, but wells Fargo refused to release any of the (almost $180,000) funds until the CERTIFICATE OF OCCUPANCY was received from the city! In other words, we had to pay for all of the repairs ourselves, and then get reimbursed when ALL the work was completed, every Contractor had been paid, and the City approved the repairs! Then and only then would Wells Fargo sign off on the Insurance company check! As you may know, contractors won't work for 6 months without pay; they get paid in increments as work is completed. Of course Wells Fargo was all too happy to... Read More