Home Affordable Refinance Program
You may be eligible for refinancing under the Home Affordable Refinance Program (HARP) if:
•Your mortgage is owned or guaranteed by Fannie Mae or Freddie Mac.
•Your mortgage was sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
•Your home's loan-to-value (LTV) ratio is 80% or greater.
•You are current on your mortgage payment at the time of refinance.
•You must be current on your mortgage with no 60-day mortgage late payments in the past 12 months.
To find out if your loan is owned by Fannie Mae or Freddie Mac, call the toll free numbers or visit these websites:
Fannie Mae - 1.800.7FANNIE or www.fanniemae.com/loanlookup
Freddie Mac - 1.800.FREDDIE or www.freddiemac.com/mymortgage
If you are not eligible, please contact one of our Loan Advisors below. We may have other options available to service your refinancing needs.
Mortgage Loans
Call Maggie Pavano
(563) 388-2561
mpavano@northwestbank.com
NMLS# 804907
Call Mark Redeker
mredeker@northwestbank.com
(563) 388-2503
NMLS# 819760
Call Josh Patrick
jpatrick@northwestbank.com
(563) 388-2637
NMLS# 873912
Rates are based on a 30-day lock rate for a loan amount of $100,000 for the purchase of a primary residence with a 20% down payment. If the loan-to-value is greater than 80%, mortgage insurance may be needed which could increase the Annual Percentage Rate (APR).
APR includes interest and certain fees as applicable according to federal law.
Call today for all of your Real Estate Lending needs.
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Today's Interest Rates for Friday, May 17, 2013
|
|
Program |
Rates |
Monthly Payment Per $1000 |
Points |
APR |
30 Yr Fixed
(360 monthly pymts) |
3.625% |
$4.63 |
0 |
3.704% |
20 Yr Fixed
(240 monthly pymts) |
3.500% |
$5.80 |
0 |
3.610% |
15 Yr Fixed
(180 monthly pymts) |
2.875% |
$6.85 |
0 |
3.021% |
Rates are for reference only and subject to change without notice.
Advertised payments do not include amounts for taxes and insurance. The actual payment obligation will be greater.
Rate Locks available at time of application.
Whether you are refinancing your primary residence or investment property, we offer a variety of mortgage products to fit your needs. Call us today.
Use our convenient Mortgage Loan Calculator to estimate your monthly payments based on the principal and interest. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes, insurance and mortgage life insurance are also not included on the chart, but may be added to your monthly payments.
The above rates are for illustrative purposes only. They are based on the Annual Percentage Rate (APR) indicated for principal and simple interest.
Payments do not include amounts for taxes and insurance. The actual payment obligation will be greater.