Today, more and more individuals are looking to buy their own homes. Even millennials are starting to see the importance of investing in a place they can call their own. Whether it’s saving for the future and maximizing their profits or simply desiring to settle down, buying a home is now more important than ever.
If you have been thinking about purchasing your own parcel of land or buying a house on the market, the Wells Fargo Mortgage might be the best thing you can get your hands on. Apart from helping you finance your dream home, this mortgage program can also help you get affordable interest rates and closing cost credit. To know more about this type of mortgage, read on.
Wells Fargo Mortgage Features and Benefits
Whether you are thinking of buying a house, actively shopping, or you already found your dream place, a Wells Fargo Mortgage can give you the help you need. Aside from helping you choose from fixed-rate mortgages or adjustable-rate mortgages, you can also avail of loan term options that have a longer period of time. Through these features, you can better budget your monthly payments.
Even better, depending on the type of mortgage you choose, you can protect yourself from being affected by rising interest rates, helping you get the most of your investments.
The best of all, you can find rates that are suited for your lifestyle and your personal journey. Using the Wells Fargo online calculator, you can already explore how much you may be able to borrow and how much you can afford. If you are ready to purchase, you can get pre-approved and have the chance to gain access to enviable deals and discounts.
Applying for a Wells Fargo Mortgage
Getting your own Wells Fargo Mortgage is easy. All you need to do is head on to their website and fill out an online application. You can also apply over the phone or find a local consultant near you.
To proceed with your application, you will need to provide details of your financial information. Other important details you need to provide include proof of billing address, contact number, personal information, and income details. You will also need to declare your assets and liabilities, real estate properties, and demographic information.
If your Wells Fargo Mortgage application is approved, you can get financing ranging from $20,000 to $300,000 depending on your creditworthiness.
Wells Fargo Mortgage Fees and Charges
Purchasing rates for the Wells Fargo Mortgage program range from 3.625% to 4.512% depending on the agreed term period. Individuals can pay their loans on a fixed rate from 15 to 30 years. Meanwhile, ARM loans are also available for 5/1 and 7/1 terms.
For example, those who are borrowing a $243,000 loan when purchasing a house in Camden County, New Jersey will need to shell out $1,180 per month. This has a given interest rate of 3.875% and an APR of 4.217% with a credit score of 759.
If you need help purchasing your first home, the Well Fargo Mortgage program is one you shouldn’t miss. Apply now and you might just get preferential rates today.