Home Loan Refinance Education

There's always a someday. Someday, I'll improve my less-than-perfect credit. Someday, I'll have all my loans paid off. Someday, I can use my home to my financial advantage. Sound familiar?

You took the first step in securing your financial future when you invested in your home. Now, you can put the equity of your home to work for you.

Don’t wait for someday…use your home to help you reach your financial goals!

Why Refinance Your Home Loan?

You may be able to refinance your home loan and get back in control of your finances.

• Improve the terms of your home loan.
• Use the equity you've built to consolidate other high-interest rate loans.

Refinancing is when you apply for a new home loan to pay off your current home loan. Even if you have less than perfect credit, your home may provide you with several financial advantages, including:

One Monthly Loan Payment

Simplify your life! You may be able to consolidate multiple bills into one loan. One loan means one bill, one due date to remember and one check to write.

Restructure Other Bills

Do you have existing loans or credit card balances with high interest rates? If so, you may want to consider combining those obligations into a new home loan. Even if you have less than perfect credit, this may be the option for you.

Convert To A Fixed-Rate Mortgage

With a fixed-rate mortgage, you can have the security of knowing that your monthly principal and interest payment will remain steady, regardless of the current market environment. This loan option is attractive to many homeowners because of its predictability.

Get Cash In Hand

One way to put more money in your pocket is to tap into the equity you've built in your home with a cash-out home loan refinance. If you have sufficient equity in your home, you can refinance the existing loan secured by your home and take the extra funds as cash. This can provide money for remodeling your home, making a large purchase, such as a car or boat, or taking the vacation of your dreams.

Want to get an idea of how much money you can borrow? Use our home equity calculator to quickly estimate how much you could borrow based on the equity in your home.

Refinance Home Loans From Wells Fargo Financial

When you refinance your home loan with Wells Fargo Financial, you can choose payment terms that will keep your monthly payments at a comfortable level. You can choose from a range of loan repayment periods to meet your needs. Best of all, the interest you pay on loans leveraging your home may be tax deductible!¹

Are you ready to refinance your home loan with Wells Fargo Financial? It's easy to apply and only takes a few minutes, so apply today!

Mortgage Refinance Loans – FHA and Conventional

Now may be the perfect time to buy a new home or refinance a current one. If you're looking for a refinancing option with flexible guidelines that allow more applicants to qualify, call us now or apply for a conventional or FHA debt consolidation loan.

How Do I Get Started?

The steps to refinance your home loan are simple:

1. Home Loan Application:
   During the application process, the subject home will be appraised to determine its current value and the homeowner's credit file will be reviewed.
   
   
2. Order Title
   The lender will also order a title report on the property to identify all liens against the home.
   
   
3. Pay Off Loan
   If approved, the proceeds of the new loan will be used to pay off the old mortgage loan, as well as all other liens against the property identified in the title report.