How To Apply For A Wells Fargo Home Equity Loan

Buying or building a home is one of the great investments in life. Today, it is very easy for you to own a home as there are many options available that you can choose from. You can choose to mortgage or get a loan from the financial institutions. Wells Fargo is a financial institution that offers you great and affordable home equity loan. If you take the Wells Fargo home equity loan, you will enjoy a fixed rate interest. The home equity has other great features like; you will have access to a predictable schedule of paying the loan. You will also receive the full amount asked for at once and many more features.

About Wells Fargo

Wells Fargo is a financial institution based in the United States. Wells Fargo is the largest bank in America in terms of market capitalization, the second largest in terms of home mortgage, deposits, and debit cards. It is the fourth largest bank in America in assets. The Well Fargo Company was ranked 23rd largest company in the United States in 2011. The company was started bank in 1998 as a merge up between two great companies; Norwest corporation of Minneapolis and the original Wells Fargo. The company’s headquarters is in San Francisco.

In 2008, Wells Fargo was competing with Citigroupin the acquisition of Wachovia. The Wells Fargo won the bid and bought the company for a huge sum of money in October 2008. However, the Citigroup moved to court to protest the agreement between the Wells Fargo and Wachovia. In October 4, 2008 a judge from New York State stopped the transaction until the dispute was resolved. The argument was that Citigroup had an exclusive agreement with Wachovia that did not allow them to accept any payment from any company seeking to acquire the company. The ruling was however overturned by the New York court of appeal in October 5, 2008. The two rival companies, Wells and Citigroup entered in to a negotiation that was overseen by the Federal Deposit Insurance Corporation. The negotiations did not succeed and Wells Fargo went ahead to buy the Wachovia without any hindrances.

How To Apply For A Well Fargo Home Equity Loan

  • Go to the company’s home equity page via the link provided
  • Click on applying tab that is located at the top of the page
  • Once the page opens, select home equity
  • You will be directed to the home application page, carefully read the instructions given
  • Click on the apply online button
  • Follow the instructions

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