Wells Fargo & Company is a specialized financial services company based in San Francisco, and is a provider of insurance, mortgage, investments, banking, consumer finance catering to more than 23 million customers across the United States and a few other international countries. Wells Fargo’s distribution channels include 6,200 stores, the internet, and several other outlets.



Being listed as one of the United States’ top-40 largest private employers, Wells Fargo has $500 billion in assets, and employs about 154,000 people. In 2006, Wells Fargo was ranked fifth in assets and fourth in market value of stock, and is the no.1 prime home-equity lender in Wells Fargo’s banking states.

Well Fargo has three main Home Equity Loans and Home Equity Loans Lines of Credit products. These, along with general account details, include -

Home Equity Line of Credit - EquityLine with FlexAbility Account

The EquityLine with FlexAbility Account is a variable-rate HEL line of credit with which you can convert credit balances into a fixed-rate for a fixed-term. This Home Equity Line of Credit is intended for ongoing access to the equity in your home, along with options including flexible payment and rate. It also features 10-year draw period with repayment period of up to an additional 30 year. Primary Residence loan is up to $500,000; Second or vacation home, up to $250,000; Non-owner-occupied, up to $100,000; and minimum is $10,000.

Home Equity Loan

With the Home Equity Loan, you receive the entire amount upfront, along with fixed payments and rate, without ongoing ability to redraw funds. It is ideal for people who don’t need additional future financing, and those handling immediate expenses when they want a fixed rate and monthly payment. Based on loan amount, the term is for 5 to 30 years. Primary Residence loan is up to $500,000; Second or vacation home, up to $250,000; Non-owner-occupied, up to $100,000; and minimum is $10,000.

SmartFit Home Equity 1 Account

SmartFit Home Equity 1 Account allows you to receive up to the entire amount as fixed-rate advance, and convert credit balances to additional fixed-rate for fixed-term advances. It is ideal for handling huge upfront expenses for ongoing access to the equity in your home because funds become available as you repay principal. The term is 10-year draw period with an additional 30 year repayment period, including term of 3, 5 or 7 years as initial advance. Primary Residence loan is up to $500,000; Second or vacation home, up to $250,000; Non-owner-occupied, up to $100,000; and minimum is $10,000.

You can apply online (http://wellsfargo.com) for any of the above home equity loan accounts, schedule a free consultation with a home equity sales specialist, or call a toll-free number for help.