Home is where the:
Office is. School is. Comfort is.
Today, our homes are just about everything.
Let us help you finance your everything.
Why refinance?
When you refinance, you pay off an existing mortgage with the funds from a new mortgage. The new mortgage will have a new rate and term. You may find that refinancing your mortgage lets you:
- Lower your monthly payment
- Use cash to remodel your home
- Consolidate higher-interest debt
- Shorten your term and pay off your mortgage faster
- Refinance your FHA loan into a conventional loan
It’s easy! You can start the process right now with our convenient Online Mortgage Center!
What refinance option works for you?
Fixed rate mortgage
What is it?
A Fixed Rate Mortgage Loan is a loan where the interest rate and monthly principal and interest payments remain the same throughout the term of the loan. This is one of the most popular types of home loans because of its predictability and stability from a budget standpoint and because it protects the borrower from interest rate increases over time.
Who’s it good for?
If you plan on staying in your home for longer than 5 years, a fixed rate mortgage is a great option. A fixed monthly payment makes budgeting easier and protects you against rate increases.
Adjustable rate mortgage
What is it?
An adjustable rate mortgage is a loan with an interest rate that fluctuates based on a publically-available interest rate index. Many adjustable rate mortgage loans have a fixed interest rate period, typically 1, 3, 5, or 7 years. After the fixed rate period has ended, your interest rate can go up or down depending on the interest rate index in effect at that time.
Who’s it good for?
An adjustable rate mortgage is a good option if you don’t plan on living in the property for the full term of the loan or if you relocate frequently. Since you don’t need a longer term loan, you may enjoy a lower rate and payment during the fixed-rate period.
Let’s give your mortgage a whole new look and feel.
Take a look at current rates to see how they compare to the rate on your current mortgage. And remember, we’re here to explain everything and help you make the right decision. We’ll also help you understand the costs of refinancing, including closing, appraisal, and more.
Ready to get started? Let Sawyer Savings be your online mortgage lender. Get started by visiting our Online Mortgage Center. Once you apply, our Residential Lending Specialist will help you choose the right residential lending product to fit your needs.