Washington Mutual Refinance Mortgage Tips
If you’re considering applying for a second mortgage, there’s probably no better lender than Washington Mutual. They offer various refinance mortgage options along with excellent client service and support to make your financial obligations less burdensome.
Types of Washington Mutual Refinance Mortgage
There are fundamentally two types of refinance mortgage provided by Washington Mutual: fixed and adjustable rate mortgages. Other preferences you can have can easily be negotiated for either type.
Fixed Rate Mortgage
This sort of refinance mortgage is better if you would like for a simple payment structure; you won’t have to calculate for next month’s loan payment since the value will remain the same up to the final payment deadline for your loan. Fixed rate mortgages usually last from fifteen to thirty years, but Washington Mutual also offers a forty-year amortization period for those interested.
Adjustable Rate Mortgages
These are generally short-term in nature, lasting only from one to five years. Their interest rates fluctuate as reported by various aspects but remain confident that Washington Mutual is always ready to contact you for any adjustment or conversion you would like to make. Different sorts of adjustable rate mortgages are available and some might even permit you to make interest-only payments for a particular period of time, consequently leaving you free to settle more pressing obligations you have.
If you’re curious about a long-term ARM, Washington has that, too. A 10/1 ARM, for instance, will just have the interest rate adjust after the first ten years of the loan.
5 Benefits of Getting a Washington Mutual Refinance Mortgage
Trying for a Washington Mutual refinance mortgage allows you to enjoy various benefits, in which most of them other lenders would be hard pressed to match, less surpass.
Two Week Processing Guarantee
Regardless of what your financial needs are and in spite of the sort of refinance mortgage you’re after, Washington Mutual can guarantee that your application for a loan shall be processed not later than two weeks.
Systematic Loan Process
Unlike other loan procedures, Washington Mutual supplies a step-by-step procedure for loan application. You’ll be provided clear and particular instructions as to what you have to do in order to qualify. Once your loan application has been approved, you’ll be in a position to acquire your funds immediately and without further trouble.
Manage Your Account Online
Unlike other lenders, Washington Mutual doesn’t make it hard for you to get hold of any facts you need with regards to your loan. To look after and access your account online, move on to the company’s official website and submit your email address, social security number, and loan number at their My Home Loan page.
Your online account will be triggered shortly and you’ll be presented your login points. Afterwards, you may then determine all the info you require from payoff to escrow accounts. You can also acquired a tax deduction certificate or use your bank account to capitalize on other accessory products available on the web site.
Documentation at Your Fingertips
If you’ve a need to print any document connected with your Washington Mutual refinance mortgage, the company has facilities prepared to meet your printing needs any time of the day.
Immediate Fund Transfer
You don’t need to search for a Washington Mutual branch just to procure your funds. If you’ve an account in any major financial institution, your loan funds can be sent there immediately through electronic fund transfer.
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