Refinance Options
Trust in our expertise, products, and rates for your next refinance….
All things considered with today’s interest rates “There is no time like the present”. We are seeing 30 Year Fixed Rates Loans in the 4% to 5% range, far below historic levels. Additionally 5 & 7 Year ARMs can be obtained in the mid 3% range for strong borrowers. If your rates are not at these levels the decision to refinance is really a no brainer. Daily we are locking loans for our clients and securing these low rates for the long haul.
We encourage you to act before this opportunity passes you by.
What if my property value has dropped and I owe more than my property is worth?
Many
of our clients have been turned away by other banks and credit unions
because they owe more than their homes are worth, however, at Northwest
Mortgage Experts we can still get many of these loans refinanced. Borrowers
and other loan officers are unaware of the latest programs which allow
refinances up to 125% of the value of the property. At Northwest Mortgage
Experts we close these loans every month and making us a trusted advisor
of these new programs. Bottom line, don’t let the value of your home
prevent you from taking advantage of these incredibly low rates. Call
us today and find out if your property is eligible.
At Northwest
Mortgage Experts we understand that our clients want to accomplish multiple
objectives by refinancing their homes. We take the time to understand
your goals so that we can deliver a mortgage product that meets your
needs. Whether you simply need a lower rate or you would like to tap
into your homes equity we can provide customized lending solution to
meet your needs.
Fixed-Rate Loans
- Secure a long term fixed rate that will remain the same throughout the term of loan.
- Attractive to clients who are planning on staying in their home for a long time and want the predictably a fixed rate offers.
Adjustable-Rate Mortgage (ARM)
- Most ARM products offer a 3 5 7 or 10 year fixed rate term before any rate adjustments begin
- Adjustment period begin after the fixed period and are based on pre-selected terms
- An adjustable rate mortgage typically offers lowers monthly payments than a long term fixed rate loan
- Attractive to clients who want a lower monthly payment, and or plan to sell or refinance within the next 3 to 10 years.
Interest-Only Loans
- Attractive to borrowers who want and who want the lowest monthly payment possible
Jumbo Loans
- These are larger mortgage with loan amounts between $400,000 and $1,500,000 and generally require greater down payment
