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The Builder Best® program provides: | | | | | | | | | 1. Six-month lock. Your loan pricing can be locked for up to 180 days, giving you protection against
financial market fluctuations. A nominal fee applies for locks longer than six months. | | | 2. Financing Options. Choose from a variety of loan products, including 3/1, 5/1, 7/1 and 10/1
adjustable-rate mortgages. | | | 3. Flexibility. Within 60 days of closing, eligible borrowers have the option to switch to any eligible
product at the current market interest rate. |
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| | | Our Builder Best program is recommended for homebuyers who want to protect themselves against rising interest rates while their new homes are under construction, by enabling them to lock their pricing for up to 180 days. | | | If the market improves during construction, homebuyers may seek a one-time float-down option at no additional cost to get a different interest rate or request a one-time switch to any eligible Wells Fargo Home Mortgage product and get the current rate. | | |
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