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Mortgage Loans to Fit Every Lifestyle
as of July 2, 2009
Our Great Loan Product Rates!
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| 30-year Fixed |
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| Interest Rate |
APR |
POINTS |
| 5.375% |
5.460% |
.875%* |
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360 monthly payments of $895.96 principal
and interest. 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 |
| 4.875% |
5.018% |
.625%* |
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180 monthly payments of $1,254.88 principal
and interest. 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 |
| 4.875%* |
5.128% |
1.000%* |
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60 monthly payments of $2,910.65 principal
and interest. 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.
Construction loans
Financing construction is easier than ever with Cascade's Custom Construction Loans. For more information, visit our construction loans page.
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