Complaint Review: Wells Fargo Home Mortgage -

I did check into an exemption for taxes called the Homestead rebate.  I have already claimed that and my tax lady already filled out the form for me and due to owing back taxes I had it confiscated by the IRS.  So much for that. At least my back taxes are now paid up but this from many years ago when I worked as a 1099 before anyone knew what it meant for filing taxes. So I was charged and was never able to get it paid up until now.  It seems one corner leads to another..  Thanks for the suggestions and trying to help.  

Thanks for the suggestions but I have already called every insurance carrier Possible to see if I can lower my home owners insrance.  I already have the lowest premium I can find for this area and house.  It did go up because I had to have a new roof put on due to a hail storm and taxes of course go up every year.  I appreciate your input but a reverse mortgage is not an option as I'm not going to put my property and myself into anymore debt.  A reverse mortgage is just a way these same companies can get control of your real estate and as a person ages they know you'll need more of the money you've taken out and worked so hard to build into your property.  I know a guy whose mother did the reverse mortgage and her estate was hit with a big sum when she died the aires couldn't even pay off the amount and it put her estate into a negative which is of course what these companies are planning on which is ripping off every last penny unp until and after you die.  They have no "face" or "integrity" or conscern for the individual or their family.  They are all faceless corporations.  Most people don't "get it"!  

I have nothing to do with Wells Fargo, or any other bank. But, the first thing to do is check your actual real estate taxes and homeowners insurance and flood insurance, if applicable to see what the cost is for your home.  These figures change annually and, in general, increase rather than decrease.  You may be able to reduce your property tax if you homestead the property.

Check with your local property appraisers office to see if that is an option, if you haven't done so already.  Also check your HOI and Flood insurance rates. The rates vary substantially from insurance carrier to insurance carrier. Yes, you can change carriers right in the middle of a year.  If you don't  have an independent insurance broker, I highly recommend one to review your HOI and make suggestions/improvements to your policy and its cost.

One more suggestion, this may or may not be applicable to you.  Look into refinancing with a reverse mortgage.  It is a lifeline for some, not all, seniors that have a burdenson mortgage.  It is less desireable if you are a younger senior.  The appeal is if you do find it works out for you, you are responsible for your property taxes, your insurance and HOA fees, if any, but not the mortgage payment. 

The mortgage payment is added to the mortgage balance rather than you having to pay it. This is a very specialized mortgage and not for everyone, but it is worth getting the full facts. I hope this information helps you.