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Mortgage Loans to Fit Every Lifestyle
as of Nov 20, 2009
Our Great Loan Product Rates!
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| 30-year Fixed |
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| Interest Rate |
APR |
POINTS |
| 4.875% |
4.957% |
0.875%* |
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360 monthly payments of $846.74 principal and interest, not including taxes and insurance – actual payment will be greater. Annual Percentage Rate (APR) is based on a $200,000 purchase price with 20% down payment. Rate subject to change without notice.
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| 15-year Fixed |
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| Interest Rate |
APR |
POINTS |
| 4.375% |
4.516% |
0.625%* |
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180 monthly payments of $1,213.80 principal and interest, not including taxes and insurance – actual payment will be greater. Annual Percentage Rate (APR) is based on a $200,000 purchase price with 20% down payment. Rate subject to change without notice.
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| 5/1 JUMBO ADJUSTABLE RATE (ARM) |
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| Interest Rate |
APR |
POINTS |
| 4.750%* |
5.080% |
1.000%* |
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60 monthly payments of $2,869.07 followed by 300 payments in an amount to be determined by the terms of your loan. Disclosed payments are principal and interest only, not including taxes and insurance – actual payment will be greater. Annual Percentage Rate (APR) is based on a $687,500 purchase price with 20% down payment. After 5 years, annual rate adjustments are made. Rates subject to change without notice.
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*Adjustments to points may apply based on type of property, loan-to-value, credit score and other factors. See loan officer for details.
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It's easy to apply for a home loan or refinance!
- Pick up an application at any Cascade Bank branch.
- Call your branch manager.
- Call our Senior Loan Officer, Lynda Nelson.
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Lynda Nelson
Senior Loan Officer
Think out of the box.
Every loan customer is different. I look for ways to structure a loan to help my customer realize his or her goal. Knowing I was part of that accomplishment is very rewarding. I care.
(425) 259-8522
lnelson@cascadebank.com
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Home mortgage solutions
Cascade Bank offers many flexible options to help you finance the home you want. Your loan officer will help you find the very best solution for you. Some questions to think about are: How much cash do you have available for the down payment and
closing costs? How long do you plan to stay in this home? And, do you think interest rates will rise or fall? The mortgage solutions
below all have special features.
Conforming fixed rate mortgages
These mortgages are not guaranteed or insured by any governmental program. They are defined as "conforming" because they meet the criteria established by the two government-chartered corporations created to purchase mortgages from lenders: Freddie Mac and the Federal National Mortgage Association (FNMA or Fannie Mae). Maximum loan limit for conforming loans is $417,000 for a single-family residence.
Jumbo mortgages
Jumbo loans are similar to conforming loans except they allow for loan limits that exceed conforming loan limits of $417,000. Jumbo loans can go as high as $1 million or more, and are generally priced slightly higher than conforming loans.
Adjustable rate mortgages (ARMs)
Typically ARMs begin at a lower interest rate which can help you qualify for a larger loan. The rate is adjusted periodically and the payments may move up or down. If your income will rise to handle possible increases in monthly payments or if you expect
to live in this home for a short time, consider an ARM.
Call us today and see how we can get you moving.
For more information:
Home loan process
Homebuyer resources
AVOID FORECLOSURE
If you are having difficulty making your mortgage payments there may be options available to help you. The option that’s right for your situation may depend on several factors including your loan balance, what type of loan product you have and your current payment status.
In order to review your financial situation, we will need the following information:
- Download Residential Loan Application
- Current Tax Return
- W2s
Call our mortgage loan specialist at 1-800-326-8787 to determine your eligibility for one or more options that may be available to you.
For additional information please click on one or more of the following links:
HUD Website
FDIC Foreclosure Prevention Information Or call the Toll-free housing discrimination hotline at 1-800-669-9777.
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