| 5 Year | 7 Year | 10 Year | |
|---|---|---|---|
| RATES |
APR as low as 3.65 |
APR as low as 3.70 |
APR as low as 3.75 |
Reduce your monthly payment, refinance an old long-term loan, lower your interest or pay your mortgage off quickly with a shorter term fixed rate mortgage loan. We have a variety of refinancing options to fit your needs.
Talk to one of our Mortgage Loan experts and start saving today!
Nothing beats the reassurance of having affordable, fixed monthly mortgage payments. You can count on us for great rates, experienced, personalized service, and servicing for the life of your loan when you refinance your mortgage with Wasatch Peaks.
*Conforming loans go up to $647,200, except in Alaska and Hawaii, where they go up to $970,800. Jumbo loans are $647,201 and above.
This refinancing option is considered streamlined because it allows you to reduce the interest rate on your current home loan quickly and oftentimes without an appraisal. FHA Streamlined Refinance also cuts down on the amount of paperwork that must be completed by your lender saving you valuable time and money.
In order to qualify for a Streamlined Refinance your original home loan must be an FHA loan in good standing and the refinance must lower your monthly interest payments. This type of refinancing option reduces your monthly expenses by lowering your payments but there is no option to receive cash back. This works well for people who are in good financial standing with no significant debt because it allows you a little extra money each month that can be put to good use elsewhere.
Choose a fixed-rate, adjustable-rate or interest-only mortgage for your second home.
Available options include:
Second homes may be rented out for portions of the year (seasonal rentals); however, rental income cannot be used to qualify.
A cash out mortgage refinance is a popular method of borrowing extra cash by leveraging your current home equity. By taking on a larger mortgage, you can pocket cash that can be used for any purpose. Find money for home renovations, get serious about consolidating outstanding debts, or pay back your student loans. With a cash out mortgage refinance, the choice is up to you!
