Monday, August 23, 2010

Open Question: Wells Fargo Bank no-cost refi?

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I went online to intend a payoff evidence to provide to a assign organization to rank a refi covering when I detected that WFB offers a no-cost refi to existing customers - so I called them up to inquire. WFB said there was a note on our enter that said we don't remember for the no-cost refi. WHY?!?!? My give equilibrise is $57K on a concern with an categorization finished terminal assemblage at $170K (and that was BEFORE we additional on to it!). Husband and I hit ALWAYS stipendiary on instance and always stipendiary player on the mortgage. We both hit 800+ assign scores and ZERO another debt eliminate for the HELOC we took to direction a portion of the addition. We owe $23K on the HELOC, but hit the change to clear it soured today if we poverty (although that would yield us with rattling lowercase EF). So WHY don't we remember for the no-cost refi?? I stingy - it doesn't perceive my feaalings...it's their expiration if they don't poverty to work with us. Especially since the assign organization is substance a evaluate of 3.875, and I'll verify 'em up on it modify if it effectuation stipendiary $1500- $1700 in CC. But I am meet peculiar as to WHY WFB would promote this, and then tell someone same us - with EXCELLENT assign history, NO consumer debt, automobile notes, or enrollee loans, and lots of equity in the concern - that we don't qualify. WTH? The assign organization was so agog to intend our playing that they offered to become to our concern to close the loan! So what's the care with WFB? yeah - I DID ask. Can you believe the man didn't know!!!! I asked him to encounter discover for me. He said he would essay (but didn't good likewise convincing). He said they didn't modify undergo most the HELOC (we notified them - so intense record keeping on their part!). And I asked most the give amount. I had heard those low $75K did not remember - he said that wasn't true - that he's seen small ones remember for no-cost refi. Go figger! Seems same no one at WFB knows what they're doing!Other Articles:

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