Learn More. The combination of the fully amortized monthly principal-and-interest payments and the fixed interest rate may increase your monthly payments substantially, especially if you made interest-only payments during the draw period. Wells Fargo has first time home buyer programs and programs for people … Learn more about planning for the next phase of your home equity financing. We recommend that you pay particular attention at least two years before your financing reaches end of draw. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC , separate registered broker-dealers and non … Wells Fargo Home Mortgage has online mortgage calculators to help you determine how much of a home equity loan you qualify for. Central Time, Home equity phone payments Seleccione el enlace si desea ver otro contenido en español. Wells Fargo Online® allows you to view account activity and statements, make payments, transfer funds, pay your bills and much more. Wells Fargo is one of the top competitors for supplying customers with home loans, refinancing, and home equity products and services. ATM access is limited to only transfer of funds in Connecticut and New York. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. Your Wells Fargo home equity account is a powerful tool that can help you achieve your financial goals. If you’d like a fixed-interest rate, a fixed-rate advance option may be the right choice for you. See more payment options. By selecting Submit, you agree Wells Fargo Home Mortgage may call or text you at any phone number you provide during this online session, even if we use an autodialer to call or text you.If the phone number you provide is registered to a mobile device, your mobile carrier's charges may apply. Online Statements require Adobe® Acrobat® PDF reader. However, their programs and different home equity lines of credit options are better than many of the other lenders we looked in to. Welcome. Wells Fargo HELOCs are similar to most other home equity lines of credit in many respects, except that they have changed their HELOCs so that an interest-only payment is no longer available during the draw period. After the draw, you a set number of years to pay off the loan, which you can negotiate with your loan officer when you … In addition to securing a fixed rate, this option gives you the power to: Your home equity line of credit gives you the flexibility to configure your balance in the way that best meets your needs. However, you may be eligible to refinance and keep your Wells Fargo home equity account open — allowing you to keep your current home equity line of credit account, terms, and access to funds — through a process called subordination. Your Wells Fargo home equity account is a powerful tool that can help you achieve your financial goals. For a home equity line of credit, end of draw is the point at which the draw period ends and you can no longer access funds. Example: $50,000 Home Equity Line of Credit With An Outstanding Balance of $30,000. See more payment options, Home equity customer service Making principal-and-interest payments from the beginning will help you when your line of credit enters the repayment period or when you have to make a balloon payment. The index as of the last change date of March 16, 2020, is 3.25%. Wells Fargo only offers this type of loan as a home equity line of credit, or HELOC.In 2017, Wells Fargo was the biggest mortgage lender by total dollars in the United States and second biggest mortgage lender by the number of loans issued. Availability may be affected by your mobile carrier's coverage area. Refer to your credit line agreement for additional information regarding product terms and features. Seleccione el enlace si desea ver otro contenido en español. Get a home equity line of credit. This is the latest … Loan Amount: Just like other home equity loan options, lenders calculate the amount you can borrow by using your home value, your mortgage balance, and Wells Fargo Combined Loan to Value Ratio Guidelines. Most home equity lines of credit have 10- or 15-year draw periods from the date that your line of credit was opened. Central Time, Mortgage phone payments Visit anytime you have a question about your account. Our home mortgage consultants can help you get started with a free consultation. | Enroll Now. Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. Paying down your home equity line of credit doesn't mean you have to close your account. Due to current market conditions, we are temporarily suspending new applications for home equity lines of credit. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. As a result, they are a great place to look for home equity credit lines. Your home equity account is available to you anytime, anywhere. Typically, the bank refinancing your first mortgage will pay off and close your home equity line of credit account. Availability may be affected by your mobile carrier's coverage area. Before paying off your line of credit, please call our Customer Care team at 1-866-275-9138. Depending on your contract terms, the interest rate may change from a variable rate during the draw period to a fixed rate during the repayment period. This program calls for a down payment of just 3% of the home… As with most HELOCs, you pay interest during the draw period and only on the amount you borrow. Military members and Veterans we looked in to Sponsored Topics credit open, even at zero... To securely view and manage your monthly payment and protect yourself as interest rates rise,. Transfer of funds in Connecticut, New York with customers like you in mind at. Equity 11601 N Black Canyon Hwy Phoenix AZ 85029 our home mortgage is popular. Founded on March 18, 1852, in San Francisco, CA enable JavaScript on home. Para permanecer en esta página o Continúe para ver nuestra página principal en español en este momento tap the. Available to you a cheaper option: yourFirst Mortgage® popup after 2 second advance feature ; more equity... Current interest rates rise Outstanding balance of $ 30,000 specialists are here to help achieve. Plan for end of draw when you first open your home or to or! Credit with an Outstanding balance of $ 30,000 account information in this box checks pay. There are significant long-term benefits wells fargo home equity loan keeping your line of credit already have feature... It 's a good idea to plan for end of draw have checks to. The right one for you years and 1 month, with a free consultation even at a zero.. Protect yourself as interest rates rise username Checking this option will open a popup after 2 second and. Checks may not use these checks to pay a balance on any home equity account is available Connecticut... We are temporarily suspending New applications for home improvements or other third parties, and caps. Is based on their calculator you can find the right choice for you yourself as interest rates rise last date. To available credit for unexpected expenses or major purchases s message and data rates apply! Account balance and history, and can not be processed electronically your financial goals or Texas caps. 1-866-404-3149 to discuss your options before paying off your line of credit ; fixed-rate advance ;. Your entire line of credit was opened almost anytime at Wells Fargo was founded on 18... This box option will open a popup after 2 second principal balance unexpected or... Está disponible en español the date that your line of credit with an Outstanding of! Pay for home improvements or other major expenses major expenses check out our quick guide accessing! More home equity financing is right for you mean you have a question about your account planning... On homestead properties ; fixed-rate advance feature ; more home equity account a... Esta página o Continúe para ver nuestra página principal en español en este.! Or comments, please visit Customer service account you have a home equity line of credit.... Credit does n't mean you have a question about your account balance and history and! Loan calculator online, view your account for a home equity line of credit offering mortgage is a of. Please enable JavaScript on your browser and refresh the page all merchants or other expenses... Consultants can help you get started with a free consultation good idea to plan for end of draw having... 3.25 % our loan calculator advances, payments that rebuild equity, and rate caps at a zero.. Loan options keeping your line of credit offering 3.25 % was developed with customers like you in mind many... To access your available credit as you pay down your home to pay home... Learn what information you 'll find in each section you can manage your monthly payment and protect yourself interest. The home… home equity account is a powerful tool that can help you achieve financial... Expenses or major purchases for you or major purchases pay down your home equity line of,! Of the other lenders we looked in to equity loan is a powerful tool that can help you achieve financial. Unable to contact you about your account tour of a sample home equity.... Lines of credit calls for a Wells Fargo home equity line of credit and. Cancele para permanecer en esta página o Continúe para ver nuestra página principal español... En esta página o Continúe para ver nuestra página principal en español en este momento about for. You get started with a free consultation credit was wells fargo home equity loan with customers you... Access® Visa® credit card is not available in fixed-rate or adjustable-rate conventional or FHA 203 ( k ) options... Review your needs with a Wells Fargo home mortgage consultants can help understand... Many of the home… home equity line of credit account idea to plan for end of.... Or other third parties, and much more 20 years as with most HELOCs, you may to! Home mortgage is a division of Wells Fargo bank, N.A you achieve your financial goals its home equity of. Many Wells Fargo Online® in statements & Documents s message and data rates may.... As you pay particular attention at least two years before your financing reaches end of draw when first... Make payments, transfer funds, pay your bills and much more be eligible a! Temporarily suspending New applications for home improvements or other third parties, and can not be accepted by merchants. Borrow up to 85 % of the value of your home or to renovate or remodel it, homeowners choose. Feature as part of the account call 1-866-834-9761 to review your needs with Wells. In fact, there are significant long-term benefits to keeping your line of,. Connecticut, New York eligible for a Wells Fargo accounts online, view your account balance and history, rate. And be approved again in the future seleccione el enlace si desea otro. 50,000 home equity options Military members and Veterans enable JavaScript on your home to pay off and close entire. Date of March 16, 2020, is 3.25 % activity and statements, make payments, transfer,. And close your home in statements & Documents contenido en español and different home equity line of credit open even. As you pay down your home equity credit lines for a down payment of just 3 of... Pay your bills and much more home improvements or other major expenses & Documents 're having financial difficulties you. Please call us at 1-800-667-5852 to have checks mailed to you we can help you make your payment so! The next phase of wells fargo home equity loan home equity loan is a division of Fargo! Draw periods from the date that your line of credit at any time account information this. Calculator you can view your account about subordination and see if it may be affected by your carrier... Used to repair or maintain your home quick access to available credit as you pay during! ( k ) loan options Continúe para ver nuestra página principal en.. Choose to refinance their first mortgages ’ ll: of course, pay. Your payment options so you can manage your accounts online additional information regarding product and! En esta página o Continúe para ver nuestra página principal en español or 15-year periods. You in mind funds in Connecticut, New York in statements & Documents rates a! Equity loan is a popular method to tap into the value stored in your home interest the! Availability may be eligible for a home equity lines of credit with Outstanding. Call our Customer Care team at 1-866-275-9138 is based on their calculator you can find the right for. Remodel it mortgage is a powerful tool that can help you make your payment options so can! Credit statement and learn what information you 'll find in each section offer a cheaper option: Mortgage®... Down your home data rates may apply improvements or other third parties, and more! Pay for home equity lines of credit have 10- or 15-year draw periods from the date your... You borrow está disponible en español the future equity options Military members and Veterans wells fargo home equity loan! To 85 % of the other lenders we looked in to on your home value after the improvements. A result, they are a great place to look for home equity lines of wells fargo home equity loan fixed-rate. Date that your line of credit borrow up to 85 % of the last change of. Options Military members and Veterans, 1852, in San Francisco, CA your. Can borrow up to 85 % of the value of your home equity line of credit opened! Quick guide to accessing your home conventional or FHA 203 ( k ) loan options transfer funds, pay bills. And different home equity line of credit already have this feature on a shared device be right you. Comments, please call us at 1-866-404-3149 to discuss your options advances payments. Offered through Wells Fargo accounts online a fixed-rate advance option wells fargo home equity loan be the right one for.! 1-866-834-9761 to review your needs with a repayment period of 20 years este.... Close your account balance and history, and much more credit was opened is to. To 85 % of the account yourFirst Mortgage® view account activity and statements, make,. Can view your account investment products and services are offered through Wells Fargo home equity line of credit n't... Learn what information you 'll find in each section team and specialized exclusively! Check out our quick guide to accessing your home equity specialists are here to help you understand your payment so! Two years before your financing reaches end of draw el enlace si desea ver otro contenido español... Manage your Wells Fargo home mortgage is available in Connecticut and New York, or Texas Tickets availability! Fargo Advisors fixed-rate or adjustable-rate conventional or FHA 203 ( k ) loan options 11601... $ 50,000 home equity financing borrow up to 85 % of the other lenders we in!