Wells Fargo Mortgage Services
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Table of Contents
Wells Fargo Mortgage: Services
Wells Fargo Mortgage: Services
- Special military financing programs: Wells Fargo Mortgage lends to on-duty or retired military personnel on special rates. The company forwards mortgage for flexible income, debt and credit requirements.
- Interest-only payment feature: This plan allows the borrower to pay only interest during the initial interest-only period. Wells Fargo Mortgage offers various adjustable and fixed rate products with this feature. The company recommends this service to homebuyers or homeowners who want to manage their short-term cash flow.
- Jumbo loans: These are non-confirming loans with comparatively higher interest rates. They are meant for mortgage amounts exceeding the confirmed loan limit defined by Fannie Mae and Freddie Mac. It is aimed at homeowners who want to refinance their loans to invest in more valuable property. Investment-oriented borrowers, who want to leverage assets in a better way, can also opt for jumbo loans.
- Blended jumbo loans: These loans offer a fixed rate up to the loan limit confirmed by Fannie Mae and Freddie Mac. The excess loan amount comes with adjustable rate. This plan is suitable for individuals who wish to buy jumbo loans but at lower monthly payments.[br]
- Bridge loan: This offers financing options to purchase a new home prior to the sale of the existing home.
- First and second mortgage combination: This loan blends the first home mortgage with the home equity plan. This feature brings down the loan-to-value ratio to 80% through mortgage insurance costs.
- Relocation mortgage program: This plan is designed for individuals who are considering relocation as a part of corporate transfer. Wells Fargo Mortgage corporate customers can benefit from this plan.
Wells Fargo Mortgage provides home buying loans and refinancing services to its US customers. The company is an auxiliary division of Wells Fargo Bank, offering a wide range of mortgage products to meet varying financial needs.[br]
Wells Fargo Mortgage: Services
Some of the major home mortgage plans are:
Wells Fargo Mortgage offers consultancy services to individuals applying for home loans. It helps to determine the type of loan and loan amount, as well as obtain pre-qualification letter that proves conditional mortgage agreement. The company has mortgage consultants at 2,500 locations across the US.
Wells Fargo Mortgage has also set up online accounts for the ease of borrowers. The company also provides interest rate alerts to adjustable-rate borrowers.
