Refinancing of your ARM loan at no cost to you (no closing costs, no points) with an initial interest rate of approximately 2% less than your current rate. We can help you save thousands of dollars.
Adjustable Rate Mortgages (ARM) fluctuate the rate of interest based on market indices. The initial rate of interest is usually lower and is subject to market fluctuations in the future. The No cost ARM Mortgage refinance allows you the privilege of a refinance at a lower rate of interest and at no cost.
East West Mortgage has a stronghold in "No Cost, No Points Refinancing" program as compared to other similar programs that are offered in the country. Some key advantages that you can benefit from are:
- Initial rate of interest will be approximately 2% less than your current rate of interest.
- No closing costs or fees will be bundled with the value of the loan amount.
- Lower rate of interest implies low monthly payments and cost savings.
- Refinance your current ARM at better rates at no cost.
- Shorter term implies you can build equity on your home faster.
The costs that are not included in a No Cost ARM Mortgage are:
- Title Costs
- Appraisal fees
- Prepayment Penalties
- Loan Origination fees etc.
It is important to note that:
- Recurring costs such as property tax, insurance etc are not covered under the “no cost” clause.
- The availability of any specific interest rate is not guaranteed as it is subject to market fluctuations and underwriting guidelines.
- East West Mortgage can also include equity line of credit, car loan, credit cards into the new loan based on home equity.
- The rates mentioned are subject to change without notice.
- No Cost longer-term loans such as 3/1, 5/1 ARMS, or 30 years fixed rates are also available with East West Mortgage
For Example: A One year ARM Loan Example
$200,000 |
6.500% * (Refinance) |
$1,264.13 |
Savings -- For 1st Year $291.45/month X 12 =$3,497.40
Note: This is only an example; savings may vary. Availability of a particular interest rate is not guaranteed due to fluctuations in the current market and underwriting guidelines. We may also be able to include equity line of credit, car loan, credit cards into the new loan based on home equity. Rates subject to change without notice. Subscribe, free of charge to our Rate Watch Service !
No Cost longer-term loans such as 3/1, 5/1 ARMS, or 30 years
fixed rates.
