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Get out of Mortgage
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November 15, 2010, in Selling

My Parents have a house in Houston Texas, and they have just refinanced their loan through Wells Fargo. They want to enjoy life now that they are up in age, and it is best if they move and free up some money. What are the steps to go through, because I am trying to help them make a move.

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Brett Ehart    November 17, 2010

Your question is a little confusing, because people don't usually refinance right before they move. If you just want to sell the house, contact a real estate agent to help you. He or she will be able to advise you about what will be required to pay off the mortgage.

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Bill Stanley    December 6, 2010

Wells Fargo has a reverse mortgage program. It allows the homeowners to borrow money and free up cash on their home. There is not a mortgage payment.
It has cost and restrictions that you will need to evaluate depending on their needs.
Call Well Fargo Mortgage or you can see the basics at their website.
Bill