Home Equity Loan Cody WY

Local resource for evaluating home equity and mortgage information in Cody. Includes detailed information on local businesses that provide access to home equity loans, home lenders and mortgage brokers, as well as advice on home equity line of credit, mortgage refinance and second mortgage.

Bank of the West - Cody Branch
(800) 488-2265
1130 Sheridan Avenue
Cody, WY
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Wells Fargo - Shoshone Branch
(866) 245-3452
1401 Sheridan Avenue
Cody, WY
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided By:
Wells Fargo - Cody Walmart
(800) 869-3557
321 Yellowstone Ave
Cody, WY
Type
In-Store Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat 10:00 AM-04:00 PM
Sun Closed

Wells Fargo - Cody Albertsons
(800) 869-3557
1825 17Th St
Cody, WY
Type
In-Store Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat 10:00 AM-04:00 PM
Sun Closed

Bank of the West - Riverton Main Branch
(800) 488-2265
123 East Main Street
Riverton, WY
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Wells Fargo - Sheridan Albertsons Branch
(866) 245-3452
1825 17th Street
Cody, WY
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided By:
U.S. Bank - Cody Branch
(800) 872-2657
1132 Beck Avenue
Cody, WY
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.95. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.) (Not all accounts provide this fee waiver.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
US Bank - Cody Office
(307) 527-9621
1132 Beck Ave
Cody, WY
Drive Up Hours
Mon 08:00 am to 05:00 pm
Tue 08:00 am to 05:00 pm
Wed 08:00 am to 05:00 pm
Thur 08:00 am to 05:00 pm
Fri 08:00 am to 05:00 pm

Wells Fargo - Cody Main
(800) 869-3557
1401 Sheridan Ave
Cody, WY
Type
Branch
Office Hours
Mon-Fri 07:30 AM-06:00 PM
Sat 09:00 AM-01:00 PM
Sun Closed

Bank of the West - Sheridan Branch
(800) 488-2265
2 North Main Street
Sheridan, WY
ATM Fees
monthly fee: Monthly service fees range from $0 to $10.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Residential Mortgage

Residential Mortgage - Info

Residential Mortgage is a mortgage on a residential property, tax-deductible for individuals up to $1 million.

1. A temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt.

2. A contract or deed specifying the terms of a mortgage.

3. The claim of a mortgagee upon mortgaged property.

Understanding the Key Elements

A mortgage is a long-term loan obtained from a bank, thrift, independent mortgage broker, online lender or even the property seller.

Because mortgages are such large loans, consumers repay them over long periods -- usually 15 to 30 years. A monthly mortgage payment is called a PITI payment. That's because each one covers a portion of the following four costs:

Principal:the loan balance.

Interest: interest owed on that balance.

Real estate Taxes: taxes assessed by different government agencies to pay for school construction, fire department service, etc.

Property Insurance:insurance coverage against theft, fire, hurricanes and other disasters.

Depending on the kind of mortgage a borrower has, the monthly payment might include a separate levy for mortgage insurance.

The breakdown of each payment changes over time because mortgages are based on a repayment formula called amortization. Means that the lender spreads the interest you owe on the mortgage over hundreds of payments. This keeps the monthly payments low.

Process

We start with the three phases of getting a mortgage for a house:

1. NEEDS AND GOALS: Figure out what kind of mortgage is wanted, determine how much can be afford and anticipate what other steps are involved. Once you have established these preliminary boundaries, it would be beneficial to speak with a mortgage consultant; together, you can determine the optimal loan amount and program best suited to your needs.

2. PRE-APPROVAL: Provides confidence, knowing that you are pre-approved for home financing allows you to search for properties with confidence, having eliminated financing issues.

3. APPLICATION PROCESS: These are some of the things needed:

  • Copies of your most recent, consecutive pay stubs (covering 30 days), or a copy of a signed offer letter stating your new salary/


  • Most recent 2 years W2's.


  • Most recent 2 months consecutive bank statements (all pages) to verify assets, including checking/savings, mutual funds, and brokerage accounts.


  • Miscellaneous information, such as copies of resident alien cards, visas, divorce decrees, etc., may also apply, depending on your particular situation; your mortgage consultant can advise you about documenting any unique information.


  • 4. UNDERWRITTING: Underwriting is the process of evaluating your credit history, debts, assets, income, and information about the property you are looking to purchase, in order to make a mortgage loan decision.

    5. PROCESSING involves the collection of all the outstanding documents that are needed to satisfy the conditions that were set forth by the underwriter in your commitment letter. These conditions could include verifying your income and assets, reviewing the Purchase and Sale Agreement and appraisal, or documentation to substantiate past credit issues, child support/alimony payments, receipt of gift funds, employment information, etc.

    6. CLOSING: Is when the mortgage is activated, the title (ownership) to the property is transferred from the seller by recording a deed, and you are given the keys to your new home.

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