Here's What You'll Need
Mortgage, Home Equity and Equity Line of Credit
- SSN
- Date of Birth
- Address
- Employment information and income
- Approximate total debt
Here are some of the things we may ask for later in the process:
- Paystubs for the last 30 days
- 2 most recent W-2s
- 2 most recent tax returns
- 2 most recent bank statements
- Homeowners insurance declarations page
15-Year Fixed Rate
The information provided assumes the purpose of the loan is to refinance (an) existing loan(s) secured by real property, with a loan amount of $300,000 and an estimated property value of $375,000 (80% LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and is used as a primary residence. The rate lock period is 30 days and assumed credit score is 740.
At a 3.125% interest rate, the APR for this loan type is 3.325%. The monthly payment schedule would be:
- 180 payments of $2089.83 at an interest rate of 3.125%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.
20-Year Fixed Rate
The information provided assumes the purpose of the loan is to refinance (an) existing loan(s) secured by real property, with a loan amount of $300,000 and an estimated property value of $375,000 (80% LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and is used as a primary residence. The rate lock period is 30 days and assumed credit score is 740.
At a 3.375 interest rate, the APR for this loan type is 3.588%. The monthly payment schedule would be:
- 240 payments of $1720.67 at an interest rate of 3.375%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.
3-Year Adjustable Rate
The information provided assumes the purpose of the loan is to refinance (an) existing loan(s) secured by real property, with a loan amount of $300,000 and an estimated property value of $375,000 (80% LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and is used as a primary residence. The rate lock period is 30 days and assumed credit score is 740.
At a 3.125% interest rate, the APR for this loan type is 3.154%. The monthly payment schedule would be:
- 359 payments of $1285.13 at an interest rate of 3.125%; and
- 1 payment of $1285.13 at an interest rate of 3.125%.
- After the initial fixed rate period ends, your interest rate may change. Your rate will be based on the current index (LIBOR) and margin (2.25%) stated on your loan NOTE. Ex. LIBOR was 1.94% as of 9/5/19. If your rate changed on 9/5/19, it would adjust to 4.199% (1.94 LIBOR index + 2.25% margin).
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.
30-Year Fixed Rate
The information provided assumes the purpose of the loan is to refinance (an) existing loan(s) secured by real property, with a loan amount of $300,000 and an estimated property value of $375,000 (80% LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and is used as a primary residence. The rate lock period is 30 days and assumed credit score is 740.
At a 3.500% interest rate, the APR for this loan type is 3.653%. The monthly payment schedule would be:
- 360 payments of $1347.13 at an interest rate of 3.500%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.
Jumbo 30-Year Fixed Rate
The information provided assumes the purpose of the loan is to refinance (an) existing loan(s) secured by real property, with a loan amount of $650,000 and an estimated property value of $815,000 (80% LTV). The property is located in Seattle, WA and is within King County. The property is an existing single-family home and is used as a primary residence. The rate lock period is 30 days and assumed credit score is 740.
At a 3.750% interest rate, the APR for this loan type is 3.764%. The monthly payment schedule would be:
- 360 payments of $3010.25 at an interest rate of 3.750%
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.
5-Year Adjustable Rate
The information provided assumes the purpose of the loan is to refinance (an) existing loan(s) secured by real property, with a loan amount of $300,000 and an estimated property value of $375,000 (80% LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and is used as a primary residence. The rate lock period is 30 days and assumed credit score is 740.
At a 3.250% interest rate, the APR for this loan type is 3.279%. The monthly payment schedule would be:
- 359 payments of $1305.62 at an interest rate of 3.250%; and
- 1 payment of $1305.62 at an interest rate of 3.250%.
- After the initial fixed rate period ends, your interest rate may change. Your rate will be based on the current index (LIBOR) and margin (2.25%) stated on your loan NOTE. Ex. LIBOR was 1.94% as of 9/5/19. If your rate changed on 9/5/19, it would adjust to 4.199% (1.94 LIBOR index + 2.25% margin).
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.
7-Year Adjustable Rate
The information provided assumes the purpose of the loan is to refinance (an) existing loan(s) secured by real property, with a loan amount of $300,000 and an estimated property value of $375,000 (80% LTV). The property is located in Olympia, WA and is within Thurston County. The property is an existing single-family home and is used as a primary residence. The rate lock period is 30 days and assumed credit score is 740.
At a 3.250% interest rate, the APR for this loan type is 3.279%. The monthly payment schedule would be:
- 359 payments of $1305.62 at an interest rate of 3.250%; and
- 1 payment of $1305.62 at an interest rate of 3.250%.
- After the initial fixed rate period ends, your interest rate may change. Your rate will be based on the current index (LIBOR) and margin (2.25%) stated on your loan NOTE. Ex. LIBOR was 1.94% as of 9/5/19. If your rate changed on 9/5/19, it would adjust to 4.199% (1.94 LIBOR index + 2.25% margin).
If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums.
