Jun

14

Home Equity Line of Credits Fixed Rate Lock Option (FRL)

Filed Under All In One Mortgage, Fixed Rate Lock Option, HELOC, Home Equity Line of Credit, Mortgage News, Wells Fargo Home Mortgage 
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  • 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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