On Mon, 06 Jun 2011 22:35:19 -0400, aemeijers wrote:

On 6/6/2011 10:25 PM, zzzzzzzzzz wrote:
On Mon, 06 Jun 2011 21:09:49 -0500, Vic Smith
wrote:

On Mon, 06 Jun 2011 20:40:55 -0500, "
wrote:

On Mon, 06 Jun 2011 19:56:58 -0400, Kurt wrote:

In ,
z wrote:


Again, I don't see this being the worst thing that could happen.


Never said it was the worst that could happen and you noted some
times where it might be good idea. Just don't like the banks pushing it
on everyone as a good idea as they have recently with some friends.

It's far better than sitting with a high-rate mortgage because you can't
afford the closing costs. After than, it's up to each individual to calculate
which offer is best for them.

Sometimes you have to coddle the banks along.
I called BOA for instructions on a 10 g principal payment.
The lady told me to write "Apply to Principal Only" in the memo
section of the check. That went fine.

They read the check?

About a year later I did the exact same thing with about 3 g's, can't
remember the exact amount.
So I notice I don't get my monthly bill, and call them.
They had applied it to monthly payments far in advance.
Crazy, but good for them.

Sure.

I had them straighten that out, and retroactively too.

My wife pays the mortgage at the bank and makes sure it goes where it's
supposed to. She works there. ;-)

My mortgage holder, which happens to be WF, sends a coupon with each
quarterly statement, in case you wanna do a pre-pay against principle. I
know I should, but I keep thinking I need to put the money directly into
house repairs, on the theory that owing X thousand on a fixed-up house
is better than owing W-Y thousand on a fixer-upper.

Been there. This time SWMBO demanded a new house. Guess what? There is more
work to be done on a new house than any I've had before. :-(

Dunno about their retail banking arm, but I have been pretty happy with
their mortgage arm. They ended up with the mortgage on my other place,
after it got resold a few times, and had the best offer when I bought
this place. Only one boo-boo in billing when adjusting escrow once, and
they quickly fixed it.

Yes, our last mortgage was with WF (bought the mortgage from Prudential). They
were pretty good about servicing the loan. Not as good as Prudential, but a
*lot* better than the thieves who owned our first mortgage. The only real
boo-boo they made was paying our taxes late. Well, it wasn't *late*, but only
because SWMBO is on top of such things.