Monday, September 24, 2012

Why Wells Fargo Home Loans With Bad Credit Are A Leading Option

It is no secret that not all mortgage providers are the same. While many big names boast an extensive nationwide reach, and others affordable mortgage packages, very few can boast both at the same time. But Wells Fargo is one of them, making home purchase financing affordable for every pocket. In fact, getting Wells Fargo home loans with bad credit is arguably the least complicated process.

Wells Fargo is a huge name in the US mortgage sector, but it has grown chiefly as a result of specializing in solution-orientated mortgage products to bad credit borrowers and those in difficult financial situations. This makes them a favorite amongst those applicants seeking approval despite low credit scores.

The range of products available is such that practically every kind of home loan situation can be successfully addressed, from reverse mortgages to the adjustable rate mortgage. But it also structures mortgage programs to suit specific home buyer situations.

Who Is Wells Fargo?

As already mentioned, Wells Fargo is one of the largest mortgage providers in the US today. In fact, of every 16 homes sold in the country, Wells Fargo has sold one of them. But it is its commitment to affordable lending that has earned it its reputation. Little wonder that getting a Wells Fargo home loan with bad credit ratings is so possible.

In recent years, it has grown further, buying into the mortgage giant, Wachovia Corporation, and spreading its reputation for granting approval despite low credit scores to a wider market.

This merger, effectively created an unbeatable mortgage corporation, ensuring its customers gets the very best in services, offers, policies and care when they seek or secure a home loan.

Home Loan Options Available

It would be easy to look upon Wells Fargo as just another mortgage provider, but the company has grown to dominate the US home financing sector for a very good reason - it offers services that borrowers need. Getting Wells Fargo home loans with bad credit scores is straightforward, but the options available offer solutions to specific needs too.

In fact, there is considerable effort on the part of the company to structure individual loans in a way that benefits the borrower. So, getting approval despite low credit scores is just a start, with fast and reliable services that are void of those frustrating bureaucratic dead ends.

Amongst this list of services and home loan products are affordable New Home Construction loans, competitive Home Equity Loans, helpful and supportive First Time Buyers Programs and carefully agreed Timed Withdrawals Programs, where repayments are cued to ensure no late or missed mortgage payments.

Wells Fargo Extra Services

Most mortgage providers are happy to offer consultation services, but when seeking a Wells Fargo home loan with bad credit scores, borrowers can benefit from a greater level of customer care. It is not just about good terms and competitively low interest rates, but ensuring the mortgage deal suits the borrower.

There are several programs available, but arguably the most valuable are the provision of closing guarantees, credit counseling and loan counseling. While getting approval despite low credit scores is important, successfully closing the deal is crucial. Wells Fargo can guarantee the deal is closed properly, thus removing uncertainties.

Credit counseling provides prospective applicants with advice on how to boost their credit scores in advance of submitting an application, to increase the chances of getting a better home loan deal. Loan counseling, meanwhile, is designed for first-time home buyers, with Wells Fargo offering a step-by-step guide to help them through the entire mortgage loan process.

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