wells fargo home mortgage current refinance interest rates



wells fargo home mortgage current refinance interest rates

In the past several years, they've more than doubled from approximately 4 percent to more than 8 percent. If yours has become too expensive, consider converting to a home equity loan, or rolling your second mortgage into your first with a mortgage refinance. Knowing your mortgage will help you avoid getting stuck in a tough situation. If borrowers want to avail a larger amount at a cheaper rate, mortgage is the best alternative for you. HELOCs: Variable means variable If you have a second mortgage, do you know if it's a HELOC or a home equity loan? The difference between the two is that a HELOC is a line of credit based on the collateral in your house. On the other

 

 

News

Wells Fargo tries self-imposed reins (The Charlotte Observer)

Wells Fargo & Co., one of the nation's largest subprime mortgage lenders, has developed a habit in recent months of forswearing, one by one, some of the industry's most controversial products and practices. Last week, for example, the company halted sales of subprime loans that feature a low monthly payment that increases sharply after two years. In August, Wells Fargo will take another step long ...

Popular 2/28 mortgages are no more (Bankrate.com via Yahoo! Finance)

Lenders have abruptly stopped offering the most popular type of subprime mortgage. Borrowers suddenly find themselves with fewer options.

Housing Bubble and Real Estate Market Tracker (Seeking Alpha via Yahoo! Finance)

A roundup of articles and data about the housing market.


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