Wells Fargo -  Recommended Mortgage Lender

Rating:  4.3 star rating

Types of loans available: 15 year fixed, 30 year fixed,  ARM,  FHA loans,  Jumbo Loans

                                               home purchase loans, refinance loans, reverse mortgages

See Top Rated Lender Here

 Review of Wells Fargo

Wells Fargo - is one of the largest mortgage lenders.  They have a lot of people working there and sometimes it is like dealing with a crowd that is not always in the best of communication.  Because a, a mortgage payment is your largest single monthly expense, it is wise to look around and find which mortgage lender is right for you.  We have seen some complaints of slow turnaround times on the loan closings but this can happen when a banks this large is involved with something as potentially complex as a home loan or refinance.. Many people have refinanced with them several times in the past, and although it's always been a tedious and time-consuming process, the effort has always resulted in a net savings.
 

Those preferring the predictability of a 30 year fixed mortgage, you may want to be a bit more aggressive, particularly since the mortgage industry has done a good job of coming up with new loan programs that offer the buyer considerably more flexibility than in the past.

 Wells Fargo has a wealth of online resources making it very easyto get a sense of the market rates and associated refinancing fees for a new  loan. Once the type of loan is determined and the general rate you need to pay we need to find the least expensive way to set up the loan for you.

Again, it was a relatively simple matter to compare lenders' fees. This website has many reviews of different mortgage lenders and is a great place to start. You will be able to get your loan requirements in front of any number of lenders, who then compete for your business.

 For some good reasons, when it came time to decide on a lender, you can choose Wells Fargo. Once we agreed to go, things went very quickly. You need to give them your credit card number to cover a n initial deposit which is credited to your closing costs. With the deposit funds, Wells Fargo  will arrange for a local appraiser to evaluate the house. The appraiser should contacted you within a day and  arrange a time for him to evaluate the property. While he completed his report, Wells Fargo will walk you through the maze of paperwork that accompanies any of these transactions.

The loan documents will be emailed to you with information pre-filled based on the info provided in the original online application and over the phone. Just print the forms, add a few additional bits of information, sign them, and fax them back to Wells Fargo.

A week later, when the appraisal was submitted, the title, and numerous other bits of detail checked out, the loan documents were completed and Wells Fargo will arrange to meet with you to have the loan documents signed at your closing.