When it was offered, the credit lines had variable interest rates ranging from 9.5% to 21%. The bank gave this statement: 'In an effort to simplify our product offerings, we've made the decision to no longer offer personal lines of credit as we feel we can better meet the borrowing needs of our customers through credit card and personal loan products.'Īfter publication of this article, a Wells Fargo spokesman gave additional remarks: 'We realize change can be inconvenient, especially when customer credit may be impacted,' the bank said, adding that it was 'committed to helping each customer find a credit solution that fits their needs.'Ĭustomers have been given a 60-day notice that their accounts will be shuttered, and remaining balances will require regular minimum payments at a fixed rate, according to the statement. is a bank affiliate of Wells Fargo & Company.Wells Fargo didn't directly answer questions as to what role, if any, the Fed asset cap played in its latest move.

and its various affiliates and subsidiaries. Wells Fargo Private Bank provides products and services through Wells Fargo Bank, N.A. Our underwriting and support teams focus on providing the superior customer service you expect before, during, and after any transaction you close with us.Īsk me about home financing options that can help you manage your wealth, grow your assets, and achieve your financial goals. With local market experience, we offer competitive financing options for primary, second, vacation, and investment properties. Our strong partnership with The Private Bank means you’ll receive personalized attention to help align your homeownership and wealth management financial goals today and into the future.Īs a private mortgage banker, I’m here to discuss more complex home financing situations and asset management strategies. When you work with Wells Fargo Private Mortgage Banking and Wells Fargo Private Bank, you’ll enjoy the power of teamwork with a focus on you. Does Wells Fargo offer specialized services for financing newly constructed homes? Expand or collapse answer.If you are a service member on active duty, prior to seeking a refinance of your existing mortgage loan, please consult with your legal advisor regarding the relief you may be eligible for under the Servicemembers Civil Relief Act or applicable state law. Let’s talk about our programs for veterans and the military. I’m ready to assist when you are called on to move. My training has also given me an appreciation of the often-complicated events in military life such as Permanent Change of Station orders. Whether you’re purchasing or refinancing, this program can provide fixed-rate and adjustable-rate financing on primary residences for veterans and other borrowers who meet the eligibility requirements of the VA program. What costs are involved? Expand or collapse answerĪs a military lending specialist, I’ll help you make the most of the military benefits you’ve earned by explaining the unique features of the VA loan.We’ll be here for you after you close, with the tools and resources you need to manage your mortgage and move into your tomorrow. Talk to us about the features available with your loan.Īnd our support doesn’t end when you get the keys.

Securely upload documents, pay any upfront fees, check your application status, monitor progress, and sign select documents electronically – all part of the way we use online processes to make things convenient for our customers.

You’ll know where you stand and what you need to do next. Our system lets you move forward when and where it’s convenient for you. We even offer a secure way to pull income and other financial information into your application from other banks or lenders. Our digital tools help simplify the home loan process, whether you’re using a computer or a mobile device. When you work with Wells Fargo, you’ll have the knowledge and experience of a home mortgage consultant and technology developed with a focus on you.

Wells fargo online loan