By Ron Blessey, Private Mortgage Banker, Wells Fargo Home Mortgage
NMLSR ID 214672
When Horace Greeley purportedly uttered “Go West Young Man,” he may have planted the seed for those who seek to visit Santa Fe as a vacation destination today. Invariably, visitors to our great city fall in love with the beauty and ambiance and decide to relocate here. Real Estate prices are very attractive right now. That, coupled with desirable interest rates and loan programs that I can offer, make now the perfect time to make a move.
I have many loan programs available in the Private Mortgage Bank that offer some very creative financing solutions for not only high-net worth borrowers but anyone else considering a move here.
One program of note is our Asset Dissipation Program. I can take a borrower’s assets and do a depletion calculation over 15 years to come up with qualifying income. This is a great alternative for recent retirees who may have deferred receiving certain streams of retirement income until later in the future. Those individuals may have a less than qualified income stream at the present; however, a substantial asset portfolio can be the source of qualifying income for that borrower. I will consult with one of our in-house Financial Advisors to assess and formulate a plan that is specific to that borrower’s needs.
In this current environment, each borrower’s financial situation can present a variety of challenges that requires the expertise of analyzing tax returns, asset statements, and other forms of documentation to present the file in the acceptable format per our underwriting guidelines that will result in an underwriting approval.
I am very proud to be a part of the strong Wells Fargo brand. This collaboration gives me the ability to be extremely creative in putting together custom-tailored loan packages specifically suited to any qualified borrower.
As a member of the Wells Fargo team, I share the vision that we want to satisfy all our customers’ financial needs and help them succeed financially.