- 7-year interest-only option FRL base rate of 7.625% for June fundings
- No and low closing cost options available
- Borrower may lock at closing or anytime during the draw period
- Unlimited number of Fixed Rate Lock (FRL) advances
- Unlock an FRL anytime without charge or relock at a lower rate for only $50
- Additional amortizing FRL terms available: 5-,10-,15-, or 20-year
- Minimal documentation requirements for income verified transactions:
- One most recent pay stub for salaried borrowers
- First two pages of the most recent signed personal tax return for self employed borrowers
- Additional documentation may be required if extraordinary items such as capital gains, bonuses or overtime are needed to qualify
Call 1-888-577-8338 To Qualify For a
Home Equity Line of Credit with a Fixed Rate Lock Option
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Tags: All In One Mortgage, Fixed Rate Lock Option, HELOC, Home Equity Line of Credit, Mortgage News, Wells Fargo Home Mortgage
