Things You Will Find on the Wells Fargo Bank Home Page

There are a lot of things that you will find on the Wells Fargo Bank home page. You will find a number of links that direct you to where you want to go. These links also get you to the information you most desperately need. When it comes to personal or business financial matters, this home page takes you to where you want to go.

If you are planning to open an account, there is no more need to go to any of the bank’s branches. You can do this online. All you have to do is click on the link, choose the type of account you want to open, and wait for approval. Once your account has been approved, you will get further instructions through email.

If you already have an account, all you have to do is set it up for online access. This will give you an assortment of convenient options. You can manage your account. You can invest your money. You can pay your bills. You can enjoy these conveniences anywhere with internet access. You can even access your account from your mobile phone.

This page also gives you access to different loan options. You are directed to home mortgage, home equity, personal loans, student loans, auto loans, and so much more. You can also check on the current rates of these loans. All of these options are just a few clicks away.

If you have a small business account or a commercial account, you can also access it through this page. You will be directed to various products and services. In addition, you are granted access to a variety of online solutions. All of these options give you an edge when it comes to your business needs.

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Advantages of the Wells Fargo Sign On

If you have opened an account with Wells Fargo, there are a lot of advantages of the Wells Fargo sign on. Registering and signing on to your account online will give you access to a lot of tools and perks. You will definitely find these options useful and convenient.

Once you register for online access to your account, you can check on your balance, monthly statements, and so much more information. You no longer have to wait for the statements sent from this reputable bank. All you have to do is log on to their website using your computer or your mobile phone.

One of these convenient options is the ability to pay your bills online. You never have to go out and travel to pay your bills. These bills include utilities, credit card payments, and loans. You can pay your bills at any time and from anywhere you may be around the world. This will definitely save you a lot of time.

Another advantage to signing on is access to an assortment of investment options. You can take advantage of an online broker. You can invest your money in various markets. You can invest your money in mutual funds. You can prepare for your retirement. You are assured a bright future by simply signing on.

When loans come to mind, there are a variety of options available for you. You can apply for home equity, home mortgage, personal loans, auto loans, student loans, and so much more. All of these options are just a matter of clicks away.

As you can see, there are so many things you can enjoy by gaining access to your account on this reputable bank’s website. These options are both convenient and useful. These are the many advantages of the Wells Fargo sign on.

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Mortgage Modification 411 – Wells Fargo Loan Modification Program

Wells Fargo has several mortgage loan modification programs. When you are thinking about modifying your loan, you should get the following information together:

o A brief description of your financial hardship
o Your financial information, including expenses and debt
o Proof of income Causes of financial hardship include loss of income, medical expenses, or dramatically increased mortgage expenses, such as when an adjustable rate mortgages introductory rate expires and the cost is unexpectedly high.

To apply for a modification program, you need a simple statement of the cause of your hardship. Later in the process, you will be asked to write more about your circumstances in a short letter. Your financial information should include all of your monthly bills, as well as your total indebtedness, including credit cards, auto loans, and so on. The required proof of income includes a recent pay stub, a copy of your tax return, or if you own a business, a copy of the profit and loss statement.

Wells Fargo provides several loan modification programs to help customers reduce the cost of their mortgage.

1. Repayment plan. This allows you to distribute your delinquent payment over a period of time up to 10 months. This increases your payment in the short term, because the delinquent amount is added to the regular mortgage payment, but at the end of the term you will be up to date and your home will be secure.

2. Loan modification plan. This plan can bring your account up to date immediately by creating a new mortgage that adds your past-due interest and escrow amounts to the unpaid principal balance.

3. FHA loans: Partial claim plan. To bring your account up to date immediately if you have an FHA loan, you can apply for an interest-free loan from the Department of Housing and Urban Development (HUD) to repay the past-due interest and escrow amounts.

4. Short sale plan. If you are unable to continue making payments, you can sell your home and use the proceeds to pay off the mortgage, even if your home’s market value is less than the total amount you owe. This avoids foreclosure and is less damaging to your credit rating.

5. Deed in Lieu of Foreclosure plan. If you are unable to maintain your mortgage payments and cannot sell your home at market value, this plan allows you to avoid foreclosure and voluntarily transfer your property to Wells Fargo. This can be less damaging to your credit rating than foreclosure.

If you have a mortgage with Wells Fargo and are having trouble meeting your mortgage payments, do your homework, and consider one of the mortgage loan modification programs.

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Reduce Wells Fargo Payments – Tips to Cut Down on Wells Fargo Monthly Payments

Wells Fargo is aware of the situation that many people are facing financial crisis due to losing job, bad health, etc. In order to help them, they have designed several programs for the borrowers after formulating their situations properly. These situations must be stated clearly in mind of the lenders to give you best solution out of it.

If you are Wells Fargo customer and facing problems in making your mortgage payments on time. Then don’t worry because banks have designed steps to cut down your monthly payment. Wells Fargo does not promise but suggest you to take a chance on you luck as depends purely on your situation.

Here are some tips to reduce your monthly mortgage payments with Wells Fargo:

. You can anytime refinance your loan with new terms to pay your loan easily. This is the easiest way to reduce your monthly loan payment with a lower rate. When you will calculate the amount finally, you will get to know the difference of your payments which will be less than as compared to earlier you paid to the Wells Fargo. This is also due to reduction in principal rate.

. Debt consolidation is another way to reduce your mortgage payments from Wells Fargo. This will reduce your payments as all your loan will be transferred to a single account which makes easier for you to pay monthly installments easily. It will be great if you will opt this, as credit cards, auto loans and personal loans are expensive than your mortgage loan.

. Finally, you can go with increasing your repayment term. This customer is allowed to pay the installments in 30 year from 15 year and even extent more to over 40 year or 50 years of term. This means that a borrower get almost more than double time to pay their loan for wells Fargo. But at the end you will find that you have paid more, as interest was charged every month.

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A Bright Future With Wells Fargo Financial

There are so many options you can take advantage of to secure a bright future with Wells Fargo financial. Even in a world full of crisis and uncertainties, this reputable bank has an assortment of options you can take.

In today’s financial crisis, there is a great need for debt consolidation. There are a lot of people who just cannot afford their previous interest rates. This puts them on the brink of foreclosure or bankruptcy. Wells Fargo has a lot of options you can take.

The reasons may vary. There are people who like to lower their auto payments, pay down credit card bills, or refinance previous loans. In worse case scenarios, there is a great need for debt consolidation to prevent losing property, possessions, or get bankrupt. In these cases, this bank has an assortment of solutions to assist you get through your problem.

If you need quick cash, there are so many loans that you can apply for. You can apply for auto loans, home equity, or home mortgage. You can easily apply for these loans on the bank’s website. Here, you can also check on the status of your loan application.

You can also apply for credit cards. Not only will you enjoy the bank’s interest rates; you will also enjoy perks and rewards that you can gain by registering your account online. These are among the financial services Wells Fargo has to offer.

Protection is also among their services. You can choose to acquire homeowners insurance, auto insurance, credit insurance, identity theft protection, and life insurance. With these products, you are sure to be protected if in any case something happens. These products will also give you a better sense of security.

As you can see, there are a variety of options available in securing a future for you and your family. This is how you get a bright future with Wells Fargo financial.

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The Benefits Of Getting A Personal Loan

A personal loan is usually not secured. It means collateral does not need to be provided by you when you borrow. The loan is offered to you by the lender on the basis of your credit and qualifiers. You can easily get the approval of loan, if you have a good credit. A lower interest rate can also be offered to you. Visit a financial institution or search online to get a personal loan.

Here is a list of some of the benefits of such a loan.

Lower interest rate – If you have good credit, then personal loans with lower interest rates can be availed by you. Around 15% APR on a credit card balance is paid by the people with lower credit card balance. But if you have good credit, you have to pay only 6% APR. While making a big purchase, it is considered as a big difference.
Use for many purchases – Your cash can be used by you for making any purchase. A loan of this type can be used even for purchasing a vehicle, starting a business or renovating your house. Restrictions may be placed by other types of loans on the usage of fund. But the conditions of using a personal loan are flexible and can be used for any purchase.
Consolidate debt – High interest debt can be consolidated by using a personal loan. Several smaller debts with high interest such as credit cards and student loans can be paid off by using a larger loan. Money on interest can be saved if you consolidate your debt by using this loan. Your debt repayment plan can be managed in a better way by combing several loans in one place.
Smooth your cash flow – Your cash flow can be smoothened by using a personal loan. A personal line of credit can be got by you, by using your personal loans. You have to pay a low interest rate in this alternate way of use. An emergency fund doesn’t need to be raised for future. The borrowed amount can be repaid by accessing your line of credit.
Boost your credit score – Your credit score is counted depending on your different types of accounts. One type of credit is represented by credit cards. In this case, you can use your credit score to handle your loans. Your score can be boosted slightly by adding instalment loans in your credit report.
Thus, save a huge amount on all your purchases by using a personal loan. Always remember to compare different loans before borrowing any sum.

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Five Reasons for Refusal of a Personal Loan

Don’t you wish personal finance were a mandatory course in college? Unfortunately, too many of us learn by mistake. When you need a personal loan and are rejected, you might be baffled as to what went wrong- and how to fix it. Here are some clues.

NO CREDIT

No credit is a situation where you have never used credit and therefore have no credit history for the bank to review. They have no way of making an educated decision on whether or not you will pay back a personal loan based on your credit history. No credit is worse than bad credit. Qualifying for and making regular payments on these types of introductory forms of credit can overcome a “no credit” score:

· Student Loans

· Secured credit card (includes a down payment amount)

· Being added to a parent’s or spouses good credit: card, car loan, etc.

LOW CREDIT

Low credit takes on several forms. If you’re using more than 30% of your allowable debt, it can negatively impact your score. Too many inquiries from shopping around for loans will also hit you hard. Lapses in payment, defaults, or bankruptcies are giant red flags and can take a long time to rebuild from.

Other things that lenders may look at are whether or not you have sizeable assets should you default on the loan. They also check to see if your debts are diversified or if you are only carrying one type of debt.

INCOME

Proof of income is generally required when applying for a personal loan. If you are unemployed or underemployed, it can work against you in the loan approval process. Lenders may also require a work history to see how long you have been with your current employer, and to determine if you typically have job stability. Frequent job loss or change will tell a creditor that your payments may not be reliable.

PURPOSE OF THE LOAN

Believe it or not, your application can be rejected due to your proposed purpose for the loan. Financial institutions have the right to set up the parameters surrounding their disbursements and can accept or reject your application based on what you want to use the money for.

BLACKLISTING

If you’ve defaulted on debt before, your name may be put on a list of whom not to loan to,’ also known as a “Blacklist.” This will follow you around for a long time and is difficult to erase. If you do resolve the debt issues, get documents to prove the resolution.

NO CREDIT CHECK LOAN

If you need a loan now, but are concerned that you might not qualify for a personal line of credit, you can qualify for a No Credit Check Loan. You could be on your way to a better financial future in no time!

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A Latin Impact on the Finance Industry

Financial Institutions are a fantastic business model to learn from when considering ever changing market conditions. Their traditional target markets are stable, but, the needs of an emerging market, the Latino market is extremely underserved. It is certainly not for lack of money. Many Latinos have zero debt and healthy saving habits. The question arises, are financial institutions doing enough to serve this population? Are they adapting to the Latino needs? The answer is complicated.

There are two types of Latinos in the USA. One is the immigrant seeking a better life and wanting the American dream, whether they came through the proper channels or not it is irrelevant. The second, are the Latinos that are born here. These are two very different groups of people with different needs and goals. Most immigrants bring their culture, traditions, and customs with them to the US. Those born here develop a blended culture that is both Latino and American.

Financial Institutions are taking notice and making strides to accommodate this very economically influential population. The main reason is that there is a lot of investment in education and developing trust. An untold detail is that in Latino countries, people do not trust banks and financial institution because of corruption. Everything is paid in cash and there are no debt or traditional credit scores. This means that the Latino community have cash, probably stored under their mattress or in a shoe box. This is very dangerous considering that a house fire could burn an entire life savings. Another scenario is they could become a target for robbery. This is a foreign concept for Americans. What is happening is a huge learning curve, educating them on the process of building credit, saving their money in a financial institution, getting loans (mortgage, car, etc.), and most important having trust in the financial institutions.

The younger generations that are born here learn from their parents and surroundings. There is still a disconnect from the importance of financial products, building credit, and how that process works. Many of these young people are just translating for their parents, explaining financial products, and become an intermediary for conducting business. You will notice an increase in bilingual support at many financial institutions for this reason. There is still a lot of work to do in this regard, and this process will take time.

However, more and more financial institutions are offering products specific to Latinos. Information is becoming available in Spanish and more financial institutions are hiring bilingual and multi-lingual speakers. It will be interesting to see how we as a country adapt to this important demographic. It is truly an untapped market that has an important function in our economy for growth and stability.

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6 Home Loans Tips Before Applying

Applying for home loans could be dreadful, particularly on the off chance that you are a first-time home purchaser. There’s a considerable measure of printed material and indulgent preparing included. Yet at the same time, it is justified regardless of your exertion. This far reaching contract aide will walk you through the way toward securing financing for your home and make you feel that applying for a home loan is not that horrible all things considered.

1. Know about them Lender or Broker?

There are two approaches to apply for a home loan. To start with, you can manage a loan specialist or home loan organization straightforwardly. Second, you can procure a home loan representative who will help you look over an assortment of moneylenders. Most homebuyers think that its less demanding and less expensive to choose a loan specialist, without assistance from the outsider. In addition, with a specific end goal to locate an equipped and solid agent, you should do a really decent research and get references. That is the reason a great many people like to keep it straightforward and manage a bank themself. In a few circumstances, be that as it may, merchants can really work to support you. For instance, if your record of loan repayment is not all that good, an accomplished dealer might be exceptionally useful in shopping and arranging for the most ideal arrangement.

2. Know the True Rates

The publicized rate frequently snatches borrowers’ consideration yet it is really not the one that borrowers ought to depend on. The AAPR or “the genuine rate” is a much better guide, as it checks every one of the expenses and charges that will happen over the term of your loan. In spite of the fact that the AAPR is a stage up from the publicized rate, it is still only a quantitative device. Once you’ve chosen a couple loans in view of their AAPRs, you will at present need to investigate their different elements. Some worldwide think-tanks, for example, CANNEX and AIMS Home Loans can outfit you with some canny data about mortage loans and help you limit down your choices quicker.

3. Know about loans details & terms

When you search for a home loan and read through various home loan terms and conditions, you will go over money related wording that you most likely won’t discover somewhere else. It is critical for you to comprehend those home loan terms with the goal that you can secure the most ideal arrangement. Truth be told, numerous money related foundations and land firms offer free homebuying workshops, which can help you comprehend what individuals are discussing in land business. Here are some fundamental home loan terms that you ought to know:

APR – Yearly rate, expected to mirror the yearly cost of acquiring. It is otherwise called the “promoted rate” or “feature rate”, that ought to make it less demanding for borrowers to think about moneylenders and loan alternatives.

Closing Costs – Shutting costs incorporate “non-repeating shutting costs” and “prepaid things.” Non-repeating shutting expenses are any things to be paid only once as a consequence of purchasing the property or acquiring a loan. Prepaid things are things which repeat after some time, for example, property charges and mortgage holders protection. Normally a moneylender should gauge both the measure of non-repeating shutting costs and prepaid things, then issue them to the borrower inside three days of accepting a home loan application.

Collateral – An insurance is the thing that you use to secure a loan or ensure reimbursement of a loan. In a home loan, the property is the security. The borrower will lose their property if the loan is not reimbursed by assentions of the home loan.

4. Check Your Credit

When you apply for a home loan, your whole record as a consumer will be investigated by your forthcoming moneylender. FICO ratings more than 620 have a decent risk of getting affirmed for a home loan with a decent financing cost. On the off chance that your score is beneath 600, in any case, your application might be denied or you may get affirmed at a much higher loan fee. Whether you have a decent or terrible financial assessment, what you ought to do is check your credit report before your bank does. You can get your credit report from Equifax, Experian and Trans Union. In the event that there are any mistakes, attempt to contact these three organizations and clear them up. This procedure can take a great deal of time, so it is something you ought to do a while before apply for a home loan. Paying down your budgetary commitments, for example, Visa obligation and auto loans, before applying for a home loan is additionally an extraordinary thought.

5. Don’t afraid from your bad credit score

Regardless of the possibility that you have an awful financial record, you ought to in any case glance around for the best arrangement. Don’t simply expect your lone choice is a high-taken a toll loan. On the off chance that your credit issues were created by unavoidable circumstances, for example, ailment or a brief loss of pay, disclose your circumstance to the loan specialist or intermediary. Ask a few banks what you need to do keeping in mind the end goal to get the least conceivable cost.

6. Verify and clarify all the things

A pre-endorsement letter is extremely useful, yet not as awaiting as you may think. When you locate a home you’d like to purchase, and your offer has been endorsed, you will need to do a reversal to the moneylender and submit archives that confirm your monetary data to get a loan. Your benefits will be assessed. The loan specialist will investigate your work history. You ought to have no less than two years of business history in the same profession. On the off chance that you are new to the work power, advanced education may help you get endorsed. In the event that you don’t have a sufficient record as a consumer, you may utilize normal regularly scheduled installments, for example, lease, telephone, or satellite TV to demonstrate the loan specialist that you are a reliable shopper.

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The Role of Islamic Finance in Economic Stability and Social Justice

One of the most distinguishing times for the U.S. Islamic home financing industry began in February 2007. The Federal Home Loan Mortgage Corporation (Freddie Mac) sent out a press release announcing that it would no longer buy the most risky subprime mortgages and mortgage backed securities. Two months after the announcement, a leading subprime mortgage lender filed for Chapter 11 bankruptcy protection. Three months after that bankruptcy filing, nationwide financing entities warned of “difficult conditions” ahead. Manifestations of such difficult conditions appeared on the horizon of the financial market when once well-established mortgage companies suddenly began to file for Chapter 11. Similar circumstances reached the U.K. as the Bank of England cleared an authorization to provide liquidity support to Northern Rock, the country’s fifth largest mortgage lender. Five months later, Treasury of the United Kingdom became the owner of Northern Rock.

Up until that point, the gravity of these “difficult conditions” was not fully understood by most of the populace. Late in 2008, the Federal Reserve Bank of New York was authorized to lend $85 billion to the AIG. This was the beginning of the most serious recession in the United States since the Great Depression. What followed was a chain reaction that led to an unprecedented global financial crisis, as the world suffered from rising unemployment, rampant foreclosures, and severe skepticism of financial instruments.

This led to a renewed spotlight on an unfamiliar market segment that appeared comparatively more stable and, more importantly, far more ethical: the Islamic financing sector. From the financial centers in Malaysia to the Middle East, spanning across over seventy countries, Islamic finance in the U.S. increased from $5 billion in the 1980s to $1 trillion in 2010. This phenomenal growth caught the attention of global investors who were seeking to safeguard their investments through more ethical and reliable financial instruments. When financial sector workers realized that these Shariah-compliant instruments avoided many of the worst effects of the global financial crisis, it became an attractive investment vehicle to support a more diverse portfolio. The Shariah-compliant financial sector has avoided investment in predatory lending businesses and overly leveraged financial instruments due to the strict ethical nature of the Shariah governance system. News and media outlets started to cover this ancient yet unfamiliar industry in hopes of learning from the mistakes of the conventional banking sector.

The concept of the modern Islamic financial services industry is rooted in the principles of Islamic legal jurisprudence that deals with financial transactions, a branch of Islamic jurisprudence called Fiqh Al Muamalat. Fiqh Al Muamalat is a framework under Islamic Law that charts the conduct of Muslims in commercial or economic endeavors. Islamic finance products and rulings are based on specific injunctions from the Quran that prohibit certain features of financial transaction models and related economic activities.

The Quran forbids interest, also called usury or riba. The underlying reasoning is that Islam considers lending to be a charitable act to help another member of the society in his/her time of need – therefore, profiting from someone’s hardship is strictly forbidden. In the conventional banking system, when interest is charged on a loan, the risk of that transaction is transferred to the borrower while the lender gains profit from the interest-based transaction. There is no consideration for the hardships endured by the borrower in the event they undergo any loss from the transaction.

By its nature, Shariah law prohibits unethical financial practices. It also promotes wealth distribution among all people to reduce poverty and inequity. This is manifested in the prohibitions of activities such as excessive speculation, gambling, and investing in products that are harmful for society as deemed by Islamic law (alcohol, pornography, etc). The structure of Islamic financial products and services, especially its prohibition in speculative transactions, has helped the industry escape most of the adverse effects of the global financial crisis. The governance model of Islamic financial institutions has been praised as an ethical alternative by institutions such as the International Monetary Fund and the World Bank. Economic experts have suggested that Islamic financial principles can be leveraged to promote financial inclusion that uplift the quality of life in developing nations. Islamic financial principles can also contribute to financial stability and economic development around the world.

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