September Special from Wells Fargo

We are offering a FREE 1 year buydown on 30 year fixed rate mortgages !

So for example, if the today's mortgage rate is 5.875%, with the free buydown the customers 1st year mortgage rate is 4.875 %, and then after 1 year it reverts back to 5.875% for the next 29 years. This savings can be enough to pay for the customers closing costs !!! On a $500,000 mortgage that's a savings of $311 per month or $3732 for the year !!

So what are the parameters ?

Mortgage amount between $417,000 and $523,000
20 % down
Primary Home
Purchase or rate and term refinance

Fred

Frederick A. Paine
Mortgage Consultant
Alliance Home Mortgage, LLC
An Affiliate Of Wells Fargo Home Mortgage
MAC M3738-011
77 Main Street
Hopkinton, MA 01748
Work - (508)435-3046
FAX - 774-759-3008
Cell - 617-899-7747
fred.paine@alliancehm.net
www.fredpaine.com