My mortgage was recently purchased by Green Tree Servicing from GMAC Mortgage; a fairly common practice in the banking world. This doesn’t bother me, but Green Tree’s refusal to process an on-demand online payment without a $12 fee has me frustrated enough that I’m looking at refinancing. It’s possible to pay without a fee by sending in a check + payment coupon or setting up automatic withdrawals, but I don’t want to do this. For larger payments I do not like having them automatically withdrawn, just in case needs vary and I have to miss a payment or want to make one early.
I guess I’ll just have to stick to those 1990s (and earlier) standbys: paper checks. Up until now the only reason I needed them was to pay the water bill, as Shelby Township’s Department of Public Works charges a similarly-stupid $6.50/transaction fee to pay one’s water bill online.