#Wells fargo extra payment mortgage calculator how to#
How to apply for a mortgage with Wells Fargo Ask your home loan consultant for the specific fees associated with your mortgage, and keep an eye out for additional fees in your loan documentation. But again, this amount will vary depending on the type of mortgage product and the property location.
Third-party fees include things like appraisal fees, credit report fees and title fees.įor many of its mortgage products, Wells Fargo charges a processing fee of $1,225. This allows you to check rates and compare loans and includes a breakdown of estimated costs, including lender fees, state and local fees and third-party fees. Get an idea of what a mortgage with Wells Fargo will cost with its online mortgage calculator. In general, expect to pay a processing fee, appraisal fees, title charges and state taxes, to name a few. The exact costs and fees associated with securing a mortgage through Wells Fargo will vary by location and the type of home loan product you choose. Written explanation if employed less than two years or employment gap exists within the past two years.Federal tax returns for the past two years.Payment history for public utilities, phone, cable TV, car insurance and other expenses.Bankruptcy discharge papers for any bankruptcies in credit history.Judicial decree or court order for each obligation due to legal action.Source of funds documentation for any large deposits on asset or bank statements.Credit explanation letter for late payments, collections, judgments or other derogatory items in your credit history, if any.Values of bank, retirement, investment and other asset accounts.Name, addresses and phone numbers of all employers for the past two years.Primary and secondary income amounts and sources.Documentationīefore beginning the mortgage application process, have the following documentation handy: From there, fill out your personal and financial information to have a mortgage consultant contact you to prequalify for a mortgage. To find out if you might qualify, go to Wells Fargo’s mortgage loan page and choose Get Started. Some factors that Wells Fargo will consider when determining whether or not you qualify are: If you’re still unsure if a mortgage with Wells Fargo is right for you, the best thing to do is shop around and compare mortgage lenders. While this doesn’t mean you’ll have a negative experience, it’s important to keep in mind. And you have the option to apply online or visit a local mortgage consultant if you prefer to apply in person.īut Wells Fargo has also been involved in many lawsuits in recent years, and customers are largely dissatisfied with the company. With Wells Fargo, you can get an online estimate of the costs of different mortgage products. These big lenders usually provide nationwide service and offer just about every type of mortgage product out there. There’s certainly an appeal with choosing an established bank and mortgage lender like Wells Fargo for your mortgage. All international money transfer services.
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