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Don Zender | MLO-9023 | Vice President
10900 NE 4th St., Suite 1400
Bellevue WA 98004
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Email: dzender@evergreenhomeloans.com
Phone: (425) 576-3702
Pager: (206) 230-1396
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| Financing Options 101 - For Refinance Transactions |
Refinancing your primary residence, second home or investment property is an excellent way to take advantage of today's low interest rates. Zender The Lender offers a full range of refinance mortgage options that give homeowners the flexibility to lower their payments or take cash out to finance the things they want to buy.
We offer financing for single-family residences and 1- to 4-unit properties.
We offer a wide selection of fixed or adjustable rate loans, for amounts up to $2 million.
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| Your Mortgage Options |
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Fixed Rate Mortgages
| Loan Program |
Features |
| Conventional 30-, 25-, 20-, 15-, or 10- Year Fixed Rate Loans |
This is your most basic mortgage program. Homebuyers make a predictable, fixed mortgage payment consisting of
principal and interest, which fully repays the loan by the end of the loan term. You can make as little as
a 5% down payment. |
| Reduced- or No-Documentation Loans |
Depending on your credit, you may be able to qualify with very little paperwork. These loans are often used
for self-employed or people finding it hard to verify income. |
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Adjustable Rate Mortgages (ARMs)
| Loan Program |
Features |
| Basic Adjustable Rate Loan |
This is the basic adjustable rate mortgage. You begin with a low starting payment rate - which is lower than
the fixed rate. That rate adjusts up or down every 6 months or year as a leading financial index adjusts.
The amount the interest rate can adjust is limited both over a specific period of time and during the entire
life of the loan. This loan requires as little as a 5% down payment. |
| Fixed Period ARM |
The initial rate for this loan program is fixed for the first 3, 5, 7, or 10 years. After that, it adjusts
annually to correspond to a leading financial index, such as the 1-Year US Treasury Index. The amount of the
interest rate can adjust is limited both over a specific period of time and during the entire life of the loan. |
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Jumbo Mortgages
| Loan Program |
Features |
| Jumbo Mortgages |
This group of loan programs is designed for borrowers needing more than the conventional limits set by
Fannie Mae and Freddie Mac. Loan amounts can be as high as $2 million, and offer a variety of features:
- First mortgage and second mortgage combinations to a total of 100% loan-to-property value.
- Loan-to-Values greater than 80%, also known as Low-Down Payment.
- Expanded Criteria Exceptions.
- No Ratio Loans.
- Reduced Documentation.
- Stated Income/Stated Asset Loans.
- No Income/No Asset Loans.
- Second Homes, Investment Properties, Condominiums.
- Foreign Nationals.
- Interest Only (for the lowest payment possible)
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Home Equity Lines of Credit (HELOCs) and Fixed Rate Seconds
| Loan Program |
Features |
| Home Equity Line of Credit or Fixed Rate Second Mortgage |
These types of loans are an excellent way to cash out the equity that has built up from your
property's current market value. |
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Less-Than-Excellent-Credit Loans
| Loan Program |
Features |
| Mortgages for people with less than excellent credit. |
Even if your credit is less than perfect, you still have options to purchase the home of your dreams.
We have a wide array of fixed rate and ARM programs perfectly suited to fit your needs. |
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