Chase Manhattan Bank Complaint - Chase won't refinance my mortgage without huge fees!
I never applied with Chase for a mortgage, they bought it from the original holder of my mortgage. As soon as they were the holder, they started instituting all kinds of fees and started requiring me to do escrow at their maximum allowable liberally calculated amounts.
I have a 61K mortgage on a 380+K house and I wanted to tap into another 75K. Chase already has my loan, knows the value of my home, and knows I have paid on time for seven years YET they want to treat me like a totally new mortgage customer - doing title work, appraisals, origination fees that total to:
plus charge 2.25 points to get a 5% mortgage.
Found a credit union that is going to do my loan in house, believes my property tax valuation and simply drove by my house to see that it was worth what I said it was. They are giving me a 30 year payment (with a 15 year balloon because they don't want to be out there too long) at 5% with fees totaling $2,435.
Google says no credit union took a penny of bailout dollars. Chase took $25 billion as soon as it was offered. Chase is going to lose my measly 61K mortgage and they could care less because they don't care about little guys like me except to take anything and everything they can get. I'm going to love seeing them in the rear view mirror. You should read the real horror stories about CHASE on this website (www.my3cents.com). I'm fortunate I can get free of CHASE so painlessly.