We’ll help you understand the financing process to ensure you make an informed decision about your second home mortgage options.
Unique financing options for second and vacation homes If you’re dreaming about vacation homeownership near your favorite location, you’ve come to the right place for financing information and tips. We’re ready to help you through every stage of homeownership — as you plan to buy, when you purchase, and even after you own your vacation home. From your mortgage application to enjoying your new getaway, we’ll be there by your side. Together, we will explore our versatile options to see what your unique situation may allow for. • Purchase and refinance amounts up to $6 million • The ability to close in LLC’s and Trusts • Our re-cast feature allows eligible customers to “re-cast” or “re-amortize” their loan after making a large principal payment2; buyers will have a lower monthly mortgage payment, but they may pay more interest over the full mortgage term than they would by making a principal reduction without using the recast option • Buyers can purchase with cash up-front and get a mortgage within 90 days of purchase2 • The ability to lend in all 50 states Contact your local Wells Fargo team today. Hamptons Branch 42 Hill Street Southampton, NY 11968 631-283-2120 www.wfhm.com/hamptonsbranch 1. Certain requirements must be met which will be explained to the buyer at the time he/she requests a recast. Consult with a home mortgage consultant for more details. 2. For nonconforming loans, application must be submitted within 90-days of purchase. For conforming loans application must be submitted within 6 months of purchase. Other restrictions apply. Consult with a home mortgage consultant for details. Information is accurate as of date of printing and is subject to change without notice. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N. A. © 2016 Wells Fargo Bank, N.A. All rights reserved. NMLSR ID 399801. AS3295579 Expires 6/2017
