Thursday, August 14, 2008

YOU MAY QUALIFY FOR A 1% INTEREST RATE REDUCTION WHEN BUYING A NEW HOME THRU WELLSFARGO FLEX/FIXED LOAN PROGRAM

Lower Your Monthly Mortgage Payment
For the First Year Of Your FHA Or VA Loan
With our FLEX/FIXED® program, you may be able to take advantage of a 1% reduction in your
mortgage rate for the first year of your loan, at no cost to you, when you apply and lock in your rates
now through August 31. This means a lower monthly mortgage payment for the first 12 months!
Other Benefits Include:
• Security – Fixed payment schedule lets you know what your monthly principal and interest
payments will be for the life of the loan
• Options – Can be used with 30 year fixed FHA1 and VA2 programs
Call Pete Dijkstra & Team Today 480-221-1332 or 800-318-8330 so that we can put you in contact with a Mortgage consultant to see how you can take
advantage of this program!

Remember to visit us on the web for all of your Real Estate needs. It's is a great time to be a buyer call us for a recent list of all foreclosure homes in the Phoenix Metropolitan area. Queen Creek, Gilbert, Chandler, Mesa, Tempe, Maricopa, Scottsdale, Paradise Valley, Buckeye, Glendale, Peoria and more.

Information is accurate as of date of printing and is subject to change without notice. These are the current interest rates for the loan products
described above for a single-family primary residence. Your loan's rate will depend upon the specific characteristics of the loan transaction and your
credit profile up to the time of closing. 1. The FHA loan illustration assumes a $200,000 loan with a 3% down payment, 360 monthly payments with
1 year buydown. The interest rate for year 1 will be 5.375% (6.954%) and 6.375% (6.954%) for year 2-30. The monthly principal, interest, and mortgage
insurance payments for Year 1 will be $1,219.64. After the buydown period expires, the monthly principal, interest, and mortgage insurance payments
will be between $1,348.38 and $1,334.21 for 131 months. After that, the monthly principal and interest payment will be $1,266.46 for the remaining
term of the loan. The payment amounts provided do not include homeowner’s insurance or property taxes which must be paid in addition to your
loan payment. 2. The VA loan illustration assumes a $200,000 loan with a 20% down payment, 360 monthly payments with 1 year buydown. The
interest rate for year 1 will be 5.375% (6.554%) and 6.375% (6.554%) for year 2-30. The monthly principal and interest payments for Year 1 will be
$1,133.94. After the buydown period expires, the monthly principal and interest payments will be $1,263.34 for the remaining term of the loan. The
payment amounts provided do not include homeowner’s insurance or property taxes which must be paid in addition to your loan payment.
Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. © 2008 Wells Fargo Bank, N.A. All rights reserved. 104660 -
1% interest rate
reduction at no cost
to you!
104660_DMD

No comments: