A home equity loan has a fixed interest rate and term. A home equity line of credit is a form of revolving credit in which your home serves as collateral. Home equity lines of credit feature a fixed interest rate with ready access to your available credit. Consult your tax advisor about your specific situation. An important factor in determining your credit limit is the available equity in your home.
All loans are subject to credit approval.
Calculate the equity available in your home. Wells Fargo Financial has a range of terms to meet your specific needs. Once the application is completed, a representative will call you within 24 hours to schedule a time to meet you at your home and pick up the additional documentation. After the representative picks up the documentation, a residential appraisal may be ordered to verify the actual value of the property. If approved, we will schedule you an appointment to close the loan at your local Wells Fargo Financial office.