Hamptons Real Estate Showcase talks with Jeannine Price of Wells Fargo Home Mortgage and discusses lending throughout the Hamptons.
HRES: As one of the more seasoned mortgage lenders in the Hamptons, what is it that sets you apart from the others?
As a 16-year veteran in our marketplace, I have been fortunate to have helped so many wonderful people. I believe what sets me apart is that I become invested in long-term relationships with my clients and customers and always look for a way to make a difference.
HRES: What tip would you give a homebuyer when searching for a home loan?
Get preapproved! It’s important in today’s market to know what your purchase power is before shopping for a home. Wells Fargo’s PriorityBuyer® preapproval letter can help your offer stand out.
A PriorityBuyer preapproval is based on our preliminary review of credit information only and is not a commitment to lend. We will be able to offer a loan commitment upon verification of application information, satisfying all underwriting requirements and conditions, and providing an acceptable property, appraisal, and title report. Preapprovals are subject to change or cancellation if a requested loan no longer meets applicable regulatory requirements. Preapprovals are not available on all products. See a home mortgage consultant for details.
HRES: The Hamptons seems to be going through a building boom. What construction products does Wells Fargo offer?
Our Custom-Home Construction Financing conveniently finances home construction and converts to a permanent loan when the building process is completed. Plus, with our Builder Best® program, you can lock in your loan pricing range at the beginning of the construction phase to protect yourself from market fluctuations in interest rates — giving you peace of mind while your new home is being built.
A non-refundable participation fee or an extended lock fee will be required for participation in a Builder Best program. The Builder Best program is allowed with qualified products with lock features ranging from 3 months to 12 months. Due to daily pricing variations between products, you are encouraged to work with your home mortgage consultant to ensure that pricing available on the Builder Best lock feature that you choose is the most advantageously priced Builder Best lock feature for you.
Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. NMLSR ID 399801 an Equal Housing Lender.
For more information please contact :
NMSLR ID 58321