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From the article: One customer had nine years left on their mortgage. Wells Fargo extended that to forty years, giving Wells Fargo an extra $40,000 in interes
by unpythonic 9y ago
From the article:
One customer had nine years left on their mortgage. Wells Fargo extended that to forty years, giving Wells Fargo an extra $40,000 in interest.
Another customer had fourteen years left on their mortgage, it was extended to forty years, giving Wells Fargo an extra $85,000 in interest.
If you're expecting to retire with your house paid off, the additional 31 or 26 years of payments could ruin your life.