How to Apply for a Wells Fargo Home Equity Loan Online
A home equity loan from Wells Fargo will allow you to consolidate your bills, make home improvements or refinance your home. If you are 18 or older, you may apply for a loan and borrow up to 125 percent of your home's value. Applying for a Wells Fargo home equity mortgage loan online is very simple and quick.
- Difficulty:
- Easy
Instructions
Things You'll Need
- Personal identification data
- Income and employment documentation
- Home mortgage information
- Access to the Internet
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Submitting the Loan Application
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1
Gather personal information including contact information, social security number, current employment data, bank statements and mortgage information.
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2
Visit the Wells Fargo loan application Web site.
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3
Complete and submit the online loan application.
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4
Wait for approval. It will only take a few seconds.
Discussing Loan Options
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1
Discuss your application by phone with a Wells Fargo representative. He or she will call you within two business days after you submit your application. At this time, the representative will discuss options with you based on the specific situation for securing your home equity loan.
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2
Supply additional documentation prior to closing as requested by your Wells Fargo representative.
Starting Over
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1
If your application does not meet the requirements for approval, you will receive a notification in the mail that your home equity loan has been denied.
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2
Build up more equity and apply for a new Wells Fargo home equity loan at a later date.
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1
Tips & Warnings
In order to apply for a Wells Fargo home equity loan, you must be a United States resident and have a consistent source of income.
Apply for your home equity loan during normal business hours, or your application will not be processed until the next business day.
If technical problems interrupt your application submittal, simply try again later or call Wells Fargo customer service at 866-820-9199.
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Comments
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Lemur
Jul 28, 2008
Wells Fargo customer service is so incompetent that I will never do business with them agai. My stepfather died and my mother has Alzheimer's, so I manage her finances. We needed to pay off a reverse mortgage debt in one year's time. Each time I spoke to customer service, I got wildly different answers about every issue. One representative said I had to pay the loan by October, another said January. I got a letter saying the house was going into foreclosure the same day I got a letter that we had an extension on the time to sell the house. I asked for a letter to say the foreclosure letter was wrong, but they couldn't do that, even though that day they said it was wrong. Do not use this bank for anything. I also had a credit card with Wells Fargo for my business, and I also had a terrible time with rude, incompetent customer service representatives who gave me incorrect informati
