12-12-2010, 03:23 AM
We recently ran into a fun one with our home in ocean view. We bought 4 years ago, put over half down. We have never had a late payment, have EXCELLENT credit etc. The loan is with wells fargo at 7% intrest. We are trying to get the payment down so it is more affordable by refinacing. Wells Fargo will no longer do loans in a lava zone 2 so they will not refinance us even though they currently carry the loan. So while we are doing everything right and attempting to be good borrowers they wont even refinace us. At this point I am done with the big banks, smaller banks might not be much better but I will never give wells fargo another dime and we may end up just walking away from the home at some point, killing our excellent credit. The banks are not thinking at all and they just dont care.