Wells Fargo will increase the
marketing of a credit card that allows customers to use reward points to pay
down their mortgage, initially Wells began marketing the card to new mortgage
customers, who got a solicitation immediately after taking out a home loan. Wells
estimates that a cardholder with a $150,000 mortgage who spends $1,500 a month
on the credit card can shave a year of payments off a 30-year mortgage. Wells
has an online calculator that allows customers to plug in their mortgage
principal and determine how much they could save using the card. Wells has been
vocal in its desire to add more credit card users, particularly among its
existing customers.
I hope this information is useful.
Should you need assistance with any of your real estate
needs, please contact
Have a Supreme Day!
Sheila M. Wilkinson-Sanders
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