Wells Fargo

wells fargo unhelpful, keep raising your mortgage after agreement des moines, Iowa

20th of Jan, 2011 by User313899

hi i am from staten island and having a problem with wells fargo hm, if anyone can help please let me know i started my mortgage 4 yrs ago in a 10yr io at 6.7% paying 2500 a month!! two years ago i refinanced with wells fargo to get in a fixed rate at a lower interest rate 6 % so the broker told me my new monthly payments would be the same 2500 so i did it, thats wen all the trouble started now 2 yrs later my monthly payments are 3000 a month and this is the reason

wells fargo requires flood insurance for me now allof a sudden even though i never asked for it, wanted it, used it or need it.how their allowed to just inch there way up on the payments is beyond me and criminal especially since they are the flood ins company. every year they raise my escrow and sandbag the money and tell me insurance just went up, at this rate in 5 years my monthly payments are gonna be 10,000 a month. and the sad thing is nobody in wells fargo has an answer they say its a tough break, never again will i ever use this bank or mortgage co again

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