Wells Fargo Online Banking » Wells Fargo mortgage

Wells Fargo Home Mortage Rates

author — Mon, 03 Aug 2009 15:02:22 +0000

It has been a little while since we here at Online Banking Fan took a look at what Wells Fargo home mortgage rates are doing, so we thought we should update you.

While the options available haven’t changed much, the rates have adjusted with the market. The rates we’re listing here are under the assumption that you have qualifying credit (a FICO of at least 680 or higher), at least 10% down, cash on hand for fees, and the loan is within the conforming guidelines (not a Jumbo loan).

Right now, a 30-year fixed mortgage can be as low as 5% in interest (5.191% annual percentage rate/APR) or 5.5% (6.245% APR) for an FHA 30-year fixed rate. The Wells Fargo mortgage rate for a 15-year fixed is one of the lowest available right now at only 4.375% (4.7% APR).

If an adjustable rate mortgage (ARM) is right for you, then Wells Fargo rates are competitive at 4% for conforming or FHA-approved (4.019% and 3.536% APR respectively).

For those needing a Jumbo loan, Wells Fargo home mortgage rates can accommodate. A 30-year fixed Jumbo is at 6.25% (6.399% APR) and a 5 year ARM is 5.25% (4.434% APR) for Wells Fargo rates.

These rates are all worth considering, but any decision must be made by yourself and your financial adviser. Your situation will be unique, so the rates listed here are only a guideline and situations such as geography, timing, and so forth will change them to match.

All loans at Wells Fargo mortgage are federally conforming and meet the Federal Housing Authority requirements where applicable.

Wells Fargo Online Banking Carnival

nittany — Fri, 24 Apr 2009 18:06:46 +0000

I am happy to announce that Wells Fargo Online Banking is publishing the Wells Fargo Online Banking Carnival. The Wells Fargo Online Banking Carnival is dedicated to bring the best articles published around the Internet about the Wells Fargo Bank to a centralized location. Millions of Americans conduct their personal banking with Wells Fargo and hopefully this Carnival will serve as a great source of information for every Wells Fargo account holder.

Please submit your Wells Fargo articles to the Wells Fargo Online Banking Carnival.

Wells Fargo Reverse Mortgage

author — Thu, 19 Mar 2009 15:02:13 +0000

If you’re interested in a reverse mortgage, then we here at Online Banking Fan thought we should look into what Wells Fargo reverse mortgage offers might be in store for you. Like any Wells Fargo mortgage, the terms of the reverse mortgage will depend upon your situation, but unlike traditional mortgages, a Wells Fargo reverse is not nearly as dependent upon credit rating.

For anyone who’s looking at a Wells Fargo reverse mortgage, of course, the amount of equity you have in your home is the largest determining factor in your ability to get a reverse mortgage. For those unfamiliar with the reverse mortgage process, Wells Fargo reverse mortgage information is thorough and freely available on the Wells Fargo mortgage website.

For anyone over the age of 62 who wishes to harness the equity they have in their home, a Wells Fargo reverse mortgage is a good option for consideration. All Wells Fargo mortgage options could be useful, of course, but a Wells Fargo reverse is particularly suited to retirees who wish to cash in their home’s equity in a financially responsible way.

So go to your local Wells Fargo office or their website and see what a Wells Fargo reverse mortgage can do for you. We think you’ll find your time well spent.