Want to own your home outright faster? Consider a shorter-term fixed program that meet your needs and save thousands of dollars in interest payments. As with the 30-Year program, your principle and interest will stay the same throughout the life of the loan. The shorter the term, the more money you will save.
- Refinance up to 95% of your primary home’s value
- Purchase a home with as little as 3% down (primary residence)
- Monthly payments based on interest rate, principal loan amount, and amortized interest over 20, 15 or 10 years (payments on loans may include taxes, insurance and mortgage insurance)
- Your principal and interest payment will not change for the span of the loan
- Pay off your mortgage at any time without any pre-payment penalties