No. of Recommendations: 0
Let me immediately correct that. I'm used to the bi-monthly payment request, this home buyer actually wants his payments auto debited from his checking account weekly. We reviewed, it's what he wants, he's paid weekly. So at the closing table table he handed me a voided check and ask that I set up his automatic payments to come out of his checking account weekly.

No more auto-debits for me. When I called Wells Fargo this week to stop auto-debits, the woman on the phone said it would take 10 days to process the request. When I asked her if they would still take one since the mortgage was paid off through a refinance, she couldn't guarantee that they still wouldn't withdraw another payment.

PSU
Print the post  

Announcements

Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.