Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
I just completed a mortgage refi without any cost. I repeat NO COST. Prior to the refi my mortgage was 6.125%. I have just had this adjusted down to 4.25%. This was down without any appraisal,...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
Thank you 68droptop for providing the following clarification:
America (NYSE:BAC). The benchmark 30-year fixed rate mortgage is up for grabs at a rate of 3.750% and carries an annual...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
nah, current on bankrate is 3.59% on a 30 year fixed, so the best a person can hope for is 4.59%. You may be able to swing 3.5% on a 15 year fixed.
that only applies to people who make...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
This is a program that Gov Co is using to punish the banks. I know a refi always benefits a bank and lawyers with all the fee's. Then they restructure the loan so all the interest is paid up front....
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
Was there a "name" of the program that your refinance fell under (i.e. the "three-step" one listed elsewhere here)?
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
I believe it was a HARP program.
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
I'm assuming this is part of the program in the following link.
http://nationalmortgagesettlement.com/
If you read through it lists the other banks.
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
Go out and try to get this 3-3.5% rate. Then try to get it for free. Mortgage Brokers are not some benevolent breed that are working to just save you money. They gotta eat also. Believe me, they...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
This is fantastic, finally something for those of us who pay our bills and are underwater. I'm giving Wells a call now.
Does this refinance reset the term? There seems to be a varying...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
Why are you disgusted? A mortgage is a contract, plain and simple. Contracts are broken all of the time.
My dad is over 100K underwater on his house, but too honest to walk away. Why wouldn't he...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
The term does not reset. They just lower the interest rate. This is not the 3 step program or any of the other programs that the bank has used in the past. This is a great deal. A hot deal! For...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
I don't think you guys understand. This is for people who can't refinance elsewhere because they're underwater.
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
Not offended, you are just giving out false info. I stated a way to improve your mortgage rate for real. You are just making off the cuff remarks that a 3% refi rate is obtainable. I beg to...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
Expired
Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
They call this a lot of different things... easy refi, 3 step refi, etc. and it's something they routinely offer to customers to lower their interest rates and keep them with WF. They actually...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
Of course you were - you used WF, by your own choosing I assume. WF was and is expensive - not competitive - not sure why anyone would finance in the first with them.
I just refi'd for no cost at...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
Just called and the guy had no clue what I was talking about. I had to email him the link and waiting for a call back.
This was the "refinancing" option when I called. Is there a special...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
Well, finally got the right dept and found out I'm ineligible. Not because I don't meet the criteria but because my loan is owned by "Wells Fargo Mortgaged backed securities" or something and not...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
well as long as its serviced by wells fargo it should be fine. because they have the authority to act on behalf of fnma/freddie...and btw this is for all mortgage companies, so bank of america woudl...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
you're right... just got locked on a 15year @ 2.75%, 0 points, LTV @ 50% - but the associated b/s will be about 4k. By my calculations, I'll still save about 25k with the refi (my prior loan was...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
just went to a 15 year (refinance) at 2.75% (we have very good credit). when the guy came to our house to close on the loan he saw the rate and commented that he has never seen any that low.
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
I agree absolutely. If you refi and pay more than the minimum monthly payment you can knock the PRINCIPAL. You'r smart and disciplined to do so. Suzy Orman would be proud.
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
Just finished my second no cost refi with provident within the past 3 years. They have stringent requirements but great rates with large credits. The first refi there was actually money left over...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
That's funny. My loan originated with Wachovia also.
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
For me to do a traditional refinance would have been costly. Although I have equity in the property it's not much (maybe 15-25%). A refinance to a lower rate would have then added PMI to my loan...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
Not sure if this helps but I recently redid my first mortgage. They couldn't touch the second because there is now almost no equity between the 2. They had to get the second mortgage holder to agree...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
Thanks for the info! My only concern is the tax return since my income has gone down (self employed in business) and not sure if I can qualify. Since I have never had a late mortgage payment in 7...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
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Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
Yes they do. Give them your loan # and they can tell you if you are eligible.
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
Expired
Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
I am refinancing with Guaranteed Rate Mortgage:
https://www.guaranteedrate.com/
They merged with the broker I've been using since 1997 (Mountain Crest Mortgage), and I've probably done about 8...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
Expired
Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
I'm with BoFA, but it seems like they have a income-limit (payment greater than 31% of gross monthly income). http://homeloanhelp.bankofamerica.com/en/mha-programs.html
I don't see those provisions...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
Expired
Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
why didn't you just refi where the rate is near 3.75% ? .. just curious as I'm in refi process myself
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
Expired
Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
What company/lender that you locked the interest in?
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
Expired
Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
You can do no cost 30 years at lower than 4.25....no deal
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
Expired
Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
But spread that1/2 point over a 30 year fixed marriage and it's too low interest that might have you looking for a refi or default(or swing loan if you're both into that)...beware the balloon payment...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
Expired
Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
I did it all by email. This is not the Easy Refi, or the 3 Step. I was turned down for those for some BS excuse from Wells Fargo. I was so mad that they wouldn't give me the same service they gave...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
Expired
Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
Sorry but I don't think this is a hot deal. Rates are down well into the 3s - we're closing tomorrow on refi'ing our 30yr fixed on a no-cost refi to 3 5/8 and rates dropped since we locked in so I...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
Expired
Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
I might have to look into this. I have a current mortgage with WF that has PMI through the PMI group and no other banks will touch us for a re-fi as the PMI Group is gone (taken over by Arizona) and...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
Expired
Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
From the settlement details URL. I don't qualify but it looks like it would be worth the effort if you do...especially if your principal owed is more than the market value.
If you meet all of...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
Expired
Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
i have 4.75 so looks like no luck.
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
Expired
Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
refinancing, no matter what or who, always benefits the company who refinances your mortgage. you are resetting your payments and increasing interest payments. its not a win - win - win. who wins?...
Wells Fargo Attorney General Settlement no cost Mortgage Rate Adjustment not refi
Expired
Thread created 07-23-2012 by Jaynos
+32 Score
348 Replies
131,674 Views
Seriously? That is not good advice. I did a HARP 2.0 ReFi. I was 9 years into a 30 year fixed mortgage at 5% and dropped to 15 years at 3.25%. Closing costs were around $1500 that got rolled into the...
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