Complaint / Review
Wells Fargo Home Equity
Home Equity Line Increase Raised Rate to 12% and Payment to $1,100

Started out with a $38K line, fixed interest rate... About $300-$400 per month. Last year we increased the line; but only after the fact did we learn that the original $38K jumped to whopping 12% with the added additional 18K -$20K (and put into play) is costing us another $624 per month. We are now paying about $1100 per month for our $58K 2nd mortgage!!!

Our first mortgage (with Countrywide) is only $1700 with approx. $220K remaining!

We're paying this bad loan off and will definitely think "twice" before doing business with Wells Fargo again!!!

Please BEWARE!!!