• Report: #941776

Complaint Review: Wells Fargo Home Morgage

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  • Submitted: Sat, September 15, 2012
  • Updated: Sat, September 15, 2012

  • Reported By: heartbeat2hb@optonline.net — kinnelon New Jersey USA
Wells Fargo Home Morgage
P.O. Box10353 Des Moines, Iowa United States of America

Wells Fargo Home Morgage NEVER REFINANCE WITH THIS BANK WITHOUT AN ATTORNEY. They say they will "overnight" mail delivery for signature but it's a scam to get signature and not disclose the mortgage then becomes 18yrs. instead Des Moines, Iowa

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In 1999 I bought my home with a 15yr. fixed mortgage rate @ 5.3% interest rate.
In 2003 the interest rate went down  to 4.75 so I refinanced the loan again with Wells Fargo.
The scam is the bank sent overnight mail for signature.
What was not told to me was that my mortgage would then be 18yr. instead if 15yrs.
I would never increase my debt three years nor pay a payment another three years.
Why would anyone do that without a benefit?
I charge this bank (Wells Fargo) with fraud and dishonesty.  

This report was posted on Ripoff Report on 09/15/2012 06:21 PM and is a permanent record located here: http://www.ripoffreport.com/r/Wells-Fargo-Home-Morgage/Des-Moines-Iowa-50306/Wells-Fargo-Home-Morgage-NEVER-REFINANCE-WITH-THIS-BANK-WITHOUT-AN-ATTORNEY-They-say-the-941776. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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