www.YourWellsFargoMortgage.com – Manage Your Wells Fargo Mortgage Account Online

Are you looking for a better way to handle mortgage transactions without interrupting normal lifestyle? There are many websites which can find information related to mortgage and manage mortgage transactions. The mortgage transactions should be taken seriously while paying online as all website does not provide all practical information. Here, the Yourwellsfargomortgage.com is such a website which provides online service to manage mortgage account. Wells Fargo & company is a diversified financial services company, including Insurance, Investments, Banking, Consumer and Commercial Finance, and Mortgage in the United States. The company provides financial services through more than 9,000 stores, 12,000 ATMs and online; wellsfargo.com and wachovia.com across North America and internationally.

If you are customer of Wells Fargo Mortgage, the online service of the company helps to manage mortgage account so that you can save time on payment of your mortgage. You can pay or manage mortgage easily from the YourWellsFargoMortgage.com – official website of Wells Fargo mortgage online anytime, anywhere. You can apply for online mortgage accounts and services of Wells Fargo by filling application form. You can make a payment, update account information, transfer funds, view your statements and check a mortgage application by accessing your Wells Fargo Mortgage account online.

The online service of the company allows the customers to manage and set up a recurring or one time mortgage payment. The one time payments include regular monthly mortgage, additional escrow, additional principal, and other random fees. The company provides the expediency and security of online statements. As well, you can check your account via mobile banking and 24/7 access to your accounts. It is an effective website which helps to handle mortgage transactions smoothly and also provides additional information about mortgage.

You can see the payment detail on the Account Activity screen after making payment of Wells Fargo mortgage. From the website, you can find regularly updated rates of Mortgage, CDs, Home equity, and Credit Cards as well as Interest Rates and APR also mentioned on the site which helps to calculate the total mortgage transaction cost. The login process is very simple and easy as it requires only user ID, Password, and type of service. This way, you can view your mortgage information including Principal, Balance, Interest payments, Escrow information, and Current interest rate.

Moreover, the website provides the best medium to keep record of the everyday transactions and give printed monthly statements for other banking accounts like savings or checking accounts.

Before you decide to take a loan, a lot of planning is required in order to decide on the amount of mortgage and payment options. The following things need to be kept in mind:

• Interest – This constitutes of the amount you need to pay every month against the loaned amount. This is preset by the lender and depends on the money you have taken from them, the interest rates prevalent in the market and the distinctive features of your loan issue.
• Discounts in the offing – This is helpful at the time of closing. Each lender offers a different rate and can help in reducing the interest rate.
• Origination charge – This is the amount that is inclusive of all charges (other than the discounts) that the banker receives for the origination of the loan. The charge comprises of application fee, processing fee, etc.

Mortgage loans are basically divided into 4 parts. They are:

1. Principal – It is the amount of money that is borrowed to buy a house. It also infers the total outstanding balance at any point of time.
2. Interest – This is the amount you will be required to pay at set intervals, usually once a month, against the principal amount. The rate of interest depends on individual lenders.
3. Taxes – The taxes which you will need to pay to your local government are collected by your lender and are paid to them as necessary so that you do not have the burden to do it yourself.
4. Insurance – An example of this part is property tax. This is also collected by the lender as an escrow. It has two components:
• Homeowner’s insurance – To protect against any damage caused by fire, natural calamities, etc.
• Mortgage insurance – In case there is a delay in payment of the interest, this insurance covers such a scenario.

Apart from helping you in buying a house, they also give out loans to fund a home improvement project. There comes a time in anyone’s life where you feel the need to change the setting of your house to give it more usability or to make it look better. However, it is a very costly affair. Wells Fargo understands this and provides you with easy solutions to make all your dreams come true with their home improvement loans. These are made available in a variety of offers with different interest rates and plans. For any details, you can always contact their representatives or email them for more information.
There is another mortgage program which is becoming most liked of all and is called the reverse mortgage. This is available for all those who are more than 62 years of age and can use the money for mortgage, healthcare, day to day expenses, etc. The following are some of the features of this wonderful plan:

• The borrower can choose interest rates which change every month in case of variable rate of interest.
• The disbursement options of the amount are also decided by the borrower.
• There is a limit to the maximum amount of money that can be loaned out.