Our Builder Best^® program features protection from rising rates and access to declining rates¹:

It's a Win-Win situation:

• If the overall interest rate market goes up during the construction process, you remain protected.
• If interest rates decline, you can exercise your one-time float down option to obtain new pricing on your loan subject to our approval.¹

Ask about our expanded lock-in option.²

 

Find out more by calling Meredith Spence, The Mortgage Lady^®, today!

Meredith Spence
The Mortgage Lady
Wells Fargo Home Mortgage
456A Massachusetts Ave.Arlington, MA 02474
781-910-9988 Cell
866-708-7320 Ext.1008 Toll free
mspence@mortgagelady.com
www.mortgagelady.com

 

1.       Change of loan product or program, change in loan to value ratio, float down or re-lock of rate will require underwriting approval.  One-time float down option is available within 60-days of closing to any Lender program or relock your existing product at the current available price range. Re-lock is not allowed within 30 days of the original lock.  If re-lock period exceeds 60 days, applicable extended lock fees will be assessed.   

2.       A non-refundable closing cost commitment deposit will be required for a lock ranging from 3 months to 12 months on qualified products. An extended lock/commitment fee may be required for a lock ranging from 4 months to 24 months on qualified products. Due to daily pricing variations between products, you are encouraged to work with your Wells Fargo Home Mortgage Consultant to ensure that pricing available on the Builder Best lock feature that you choose is the most advantageously priced Builder Best lock feature for you.

Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.
© 2007 Wells Fargo Bank, N.A.  All Rights Reserved #52703 10/07-01/08