Luis Vazquez Mercado, Age 55Carpinteria, CA

Buyer's Agent, Listing Agent

Wells Fargo Bank N.A.
735 Santa Cruz Ave, Menlo Park, CA 94025
(650) 326-3176 (Office), (650) 322-1781 (Fax)

14 years

Call 1-650 326-3176to speak with a Home Equity SpecialistWith a Wells Fargo home equity loan or line of credit, you may be able to receive potential tax advantages1, flexible payment options, and competitive rates.EquityLine with FlexAbility®2 SmartFit Home Equity2 Account® Home Equity Loan Account Type:Line of Credit Line with Initial Fixed-Rate Advance Loan Ideal for you if:You have ongoing financing needs such as home remodeling or tuition costsYou have a large expense now, and more expenses to comeYou have one large expense now, and want the stability of a fixed interest rate and monthly paymentKey featureOngoing access to available credit with flexible interest rates and payment optionsAn innovative combination of an initial fixed-rate advance and an ongoing line of creditA straightforward loan for one-time financing needsRatesVariable, with fixed-rate optionFixed on initial advanceVariable for line of creditFixedInterest-only payment optionsYesYesNoOngoing access to available creditYesYesNo, you get the entire amount all at onceApplication feesNoneNoneNoneTake advantage of any business opportunity with the BusinessLine line of credit, a smart financing solution that gives you fast, easy access to up to $100,000 cash. This unsecured account offers some of the best rates available with no cash advance fees.1 Expand office space, purchase inventory, finance receivables or take advantage of trade discounts — you can use it for any business purpose you choose. Here’s what you can expect with a BusinessLine line of credit:Account detailsCredit Amount Lines from $10,000 – $100,000Interest Rate Prime 1.75% to Prime 9.75% (depending on credit evaluation)1No Fee Cash Access Methods BusinessLine checksTelephone and Online transfersWells Fargo Business Bill Pay2 (a Wells Fargo checking account is required)Terms Revolving line of creditCollateral Not needed: this is an unsecured line of creditFees Opening Fee: $150 on approval ($250 for lines over $25,000).Annual Fee: $150 starting in the second year.Reporting Free online account access through Wells Fargo Business Online® BankingAccount Benefits BusinessLineSM MasterCard®: Make purchases directly from your BusinessLine account.Multiple owner access: get up to four personalized BusinessLine MasterCard® cards, so all owners of your business can access your line of credit.Optional Features Credit Protection: If you’re ill or injured and unable to work, Credit Protection benefits will defer your payments.Overdraft Protection: Link your BusinessLine account to your Wells Fargo business checking account and avoid overdrafts.Automatic Payment: Make automatic payments to your BusinessLine account at your convenience.Wells Fargo Business Online Banking and Business Bill Pay: Access your accounts online for FREE with Wells Fargo Business Online Banking. If you are enrolled in Business Bill Pay2 for your checking account, you will be able to pay bills directly from your BusinessLine account at no additional charge.Need a fast and flexible way to get unsecured term loan funding? With the Wells Fargo BusinessLoan term loan, you’ll have access to convenient financing with predictable repayment terms.Here’s what you can expect with a Wells Fargo BusinessLoan term loan:Account DetailsCredit Amount Loans from $10,000 – $100,000Fees Opening Fee: $150Annual Fee: NonePrepayment Penalty: NoneTerms 2, 3, 4, and 5-yearsCollateral Not needed: this is an unsecured loanInterest Rate Competitive fixed rates based on the term length and your credit historyLoan Funding Express funding gets you cash quickly by sending a check directly to you via express mail, with no additio

Consulting, Notary, Home Equity, Mortgage Planning

El Camino & 4th Ave
37 East 4Th Ave, San Mateo, CA 94401
(650) 373-2583 (Office), (650) 401-8054 (Cell), (650) 373-7338 (Fax)

14 years

More space. A nicer environment. Being able to paint the walls any color you’d like. Those are just a few of the more obvious benefits of home ownership. When you buy a home, you may also enjoy several financial benefits that could potentially help your financial situation for the rest of your life: Interest Deductions You may be able to deduct the interest on your home loan, as well as the federal (and sometimes, state) real estate taxes you pay annually. Be sure to consult your tax advisor. Because of this tax advantage, it may actually be cheaper to own than rent. Equity If the value of your property increases as you pay down your mortgage, you build equity that can be used to finance other major purchases, or as a down payment on a future home. Protection Against Inflation Home ownership could help you counteract rising inflation. Although past performance cannot guarantee future trends, real estate has historically appreciated at a higher rate than inflation in most regions. Prepare for home ownership with Wachovia Buying a home requires more than just money for a down payment. You also have to be committed to taking control of your surroundings and your finances. Wachovia Mortgage works with you throughout the home-buying process to help make buying your first home as easy as possible. Together, we can help you understand how owning a home is more attainable—and understandable—than you may realize. Start your home-buying journey online today Convenient Closing Close from your home or office. Free Pre-Qualification In a few minutes you can determine how much you can afford and print a pre-qualification letter from your computer. Buying a Home Read our guide to buying your first home, which covers everything from choosing neighborhoods to inspections. Mortgage Calculators Find out how much you can afford, how to choose a mortgage to fit your situation, and an estimate of what your monthly payment will be. Rate and Fee Quotes Specify the loan amount you want, and value of the home you want to buy, and view a selection of mortgage rates and programs, including a detailed breakdown of all closing costs. Mortgage Comparison Chart View and compare the benefits all of our available mortgage programs. Online Application and Approval Apply online for a Wachovia mortgage and depending on the product you choose, you could get a preapproval decision in minutes. Plus, when you apply online, we reduce your origination fee at closing—which could save you as much as $500 or more.1 Move Easy with Wachovia New! Have a personal Real Estate Coordinator assist you through the entire home-buying process and you could get cash back after closing. Secure Your Rate Should you lock your mortgage loan interest rate now? Learn more about options like rate locks and float downs so you can negotiate a mortgage loan that suits you. Email This Page Printer Friendly Version The standard origination fee is 1% of the mortgage amount or $2,000 on a $200,000 mortgage. This is a savings of $500.This offer is only valid on actual loans closed and will not be credited if the loan is denied or withdrawn. This offer is not valid with any other Wachovia Mortgage offer. Offer is only valid for a limited time and is subject to change without notice. Other restrictions apply. Mortgage loans are originated by Wachovia Mortgage, FSB, and are subject to credit approval, verification and collateral evaluation. Products are not available in all states. Programs, rates, terms and conditions are subject to change without notice. Certain restrictions apply. Member FDIC