How to Refinance With Wachovia
Because of a 2009 merger with Wachovia Corp. and Wells Fargo & Co., homeowners who are looking to refinance a mortgage must do so through Wells Fargo. Refinancing a mortgage may provide benefits such as allowing you to reduce mortgage payments and/or interest rates, pay off your mortgage quicker and consolidate debts. A Wells Fargo local mortgage consultant will be available for support and guidance as you complete the application process.
Other People Are Reading
Instructions
-
-
1
Decide whether to refinance after comparing interest rates, and taking into consideration how long you will be in your home, how you will use the equity and how refinancing will benefit you financially.
-
2
Research your loan options. Most loans will either be for a fixed-rate mortgage or adjustable-rate mortgage. You should also consider the loan terms.
-
-
3
Gather any information you will need in order to apply. This information includes your Social Security number, gross income, employer information and more.
-
4
Apply for the loan. You can contact a local mortgage consultant for an application, or apply online through the Wells Fargo website.
-
5
Speak with a mortgage loan consultant. One will contact you shortly after you submit your application. Your consultant will likely ask you to submit supporting documents.
-
6
Allow your mortgage loan consultant the time necessary to process your application. If you are approved, your consultant will contact you about closing the loan.
-
7
Close on the loan. You will meet with a closing agent to sign your loan documents and complete the application process.
-
1
