I am a well off retired person (thank goodness). We sold our home in Southern California seven months ago. We found our dream / retirement home in the Central Coast area of California. A local realtor suggested a private mortgage banker at a local Wells Fargo Bank. Since we are retired we had to qualify for a non-conforming loan ($565, 000 selling price / $475, 000 down / $90, 000 to be financed). Everything went fine until we were told that the 5.50% interest rate that we were quoted would only be honored if we opened a checking account at... read full review »