It’s a great time to lower your house payment or
pay off your loan sooner…with a low-cost Mortgage
Loan from Sonoma Federal Credit Union.
Is it really a good time to refinance?
If you’re thinking about refinancing a home you live
in, vacation in or have as an investment, it’s a great
time to make that move! Here’s why:
Rates are the lowest they’ve been in years.
Take a look at rates from as far back as the early
1960′s, and you’ll find that rates today are the
lowest they’ve been in decades. That fact translates
to great savings in your monthly payments.
You have options for greater flexibility.
If you’re worried that you have limited options, think
again!
We offer competitive rates and lower fees for a
variety of mortgage loans including 10 year, 15 year
& 30 year fixed rate options The property must
have 20% equity or greater to qualify for this
loan.
Or maybe a 3/1, 5/1 or 7/1 adjustable rate loan would
be a better choice for you. The rate is fixed for 3,
5, or 7 years. After this term, the loan converts to
a 1 year adjustable rate loan indexed to the CMT 1
year treasury. The repayment term is still based on
30 years. You pick the option that works best for
you. The property must have 20% equity or greater to
qualify for this loan.
If you do not have 20% equity or greater in your home,
we do have other products available including:
- 10% equity 30 year fixed rate loan (private
mortgage insurance (PMI)) is required, credit
restrictions apply.
- 5% equity 30 year fixed rate loan (lender pays for
PMI), credit restrictions apply
Our one-on-one personalized service is difficult to
find with the big guys!
Whether you’ve been a credit union member for a few
months or a number of years, you know the service you
find here is tough to beat!
So what are you waiting for? There’s never been a
better time to get a home loan. Apply with us
today!
Contact
our Mortgage Center for rates, fees &
terms,
at 707-527-6216 or email:
loancenter@sonomafed.com.
APPLY
for your home loan now. |
