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Personal Finance and Investing

PoindexterOglethorpe

(25,839 posts)

16. Chase is the holder of my mortgage and I've had no problems with them.

Reply to TygrBright (Original post)

Mon Mar 13, 2017, 03:37 PM

Mar 2017

I no longer recall who the original holder was.

And there are almost always small differences in the monthly payment from year to year. Also, more than once when there's been an increase of some sort, I've always had the option to pay the new amount in full or have an increase in the monthly payment. Always. As in ever time. And this, I will repeat, is Chase. So I'm quite puzzled that you're being told you can't do that.

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16 replies

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Looking for Mortgage Lender Recommendations [View all] TygrBright Mar 2017 OP

My mortgage payments varied year to year Warpy Mar 2017 #1

Seems strange, but there appear to be no local El Norte banks holding their own mortgages any more. TygrBright Mar 2017 #3

Yes, my wonderful local bank was sold to a Texas outfit. Warpy Mar 2017 #5

If those are your only issues with your lender, count yourself lucky. Doodley Mar 2017 #2

As I say, we kicked Chase to the curb for MANY good and sufficient reasons. n/t TygrBright Mar 2017 #4

Switching to another lender means a new mortgage / refinance with huge new closing costs progree Mar 2017 #6

Yes, you see it. TygrBright Mar 2017 #8

What they did seems quite common, and doesn't seem to tick borrowers off. In fact, Hoyt Mar 2017 #7

Not me. TygrBright Mar 2017 #9

Good luck. Hoyt Mar 2017 #15

We were faced with a lump sum bill of almost $4,000 or an increase of $600 /mo. bunnies Mar 2017 #10

Wow! Talk about unpleasant surprises! TygrBright Mar 2017 #13

Good luck!! bunnies Mar 2017 #14

Maybe a Credit Union? Desert grandma Mar 2017 #11

Good idea, thanks. I do have a credit union membership but it's back in Minnesota. TygrBright Mar 2017 #12

Chase is the holder of my mortgage and I've had no problems with them. PoindexterOglethorpe Mar 2017 #16