Assisting you refinance in Oregon
Do you live in Oregon and you think your rates are too high? East West Mortgage can help you if you need a refinance in Oregon. Refinancing is a process of purchasing a new loan to pay off your current mortgage loan. The point of a refinance is receiving lower rates, reducing your monthly payments and saving you money on your Oregon real estate.
When to Refinance
The rule of thumb when refinancing is to refinance only when the rates will be 2% lower then the current mortgage loan. The rates are determined by several factors, the inflation rate, the pace of economic growth, and the Federal Reserve policies. Inflation has the greatest impact on rates.
Benefits of Refinancing
Refinancing also has many other benefits to it. You can incorporate other debts into your new loan and pay it off quickly. You can also change to a fixed rate mortgage from a variable rate, if you prefer to have stable monthly payments. You can also change to a variable rate mortgage to a fixed rate mortgage, if you can afford a chance of sudden higher rates and higher monthly payments.
Less than perfect credit
Those individuals with less than prefect credit can benefit from our sub prime programs (bad credit programs). Those are special plans for those who need assistance with their refinance and can help them achieve what they are looking for. If you do not have any credit please feel free to contact us to see what we can do.
Refinancing is made easy due to East West Mortgage on line tools. We have a free on line mortgage calculator that can help you if you need to refinance. Our current rates are also listed on your web page. For all of your mortgage refinance needs in Oregon come to East West Mortgage. Applying with us on line is very easy with our on line application, but if you prefer to talk to someone you can call our toll free number at 1800-880-4202.
