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Refinancing Your Home
Refinance- loan options
Are you looking to get cash-out for purchases? Do you want to lower your monthly payment? Maybe you want to start building equity to pay off your home faster. What ever the reason, we have the loan to suit your needs. We offer a variety of options and we can customize a loan for you. If you are unsure what loan you need, our experts can help you select the right loan and guide you through the rest of the process.
Home Loan Options
Balloon Payment Options:
Conventional 7 Year Balloon
Conventional Adjustable Rate Option
Conventional 1 Year ARM
Conventional 3 Year ARM
Conventional 5 Year ARM
Conventional 7 Year ARM
Conventional Fixed Rate Options
Basic 30/25/20/15/10 Year Fixed Rate Loan
Customized loan options
Blemished Credit Options
Other Loan Options
FHA home loans
FHA 1 Year ARM
FHA 203K Rehabilitation Loan
FHA Fixed Rate Loan
FHA Streamline Refinance
Jumbo Mortgages
Jumbo Loans
Rehabilitation loan options
Conventional 7 Year ARM
FHA 203K Fixed Rate
VA home loans
VA Fixed Rate Loan
VA Rate Reduction Refinance
Balloon Payment Options::
If you plan to payoff your mortgage in less than 7 years, our conventional balloon options may suit you. With a conventional balloon loan, you get the benefit of a fixed monthly payment and a reduced interest rate. The interest rate is lower than most fixed rate loans and very attractive to borrowers who are likely to move within the balloon term.
options offered:
Conventional 7 Year Balloon
(click on the loan to learn more about it)
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Conventional Adjustable Rate Option:
If you want the advantage of a low initial interest rate, you may want to check out our conventional adjustable rate mortgages (ARM). With an ARM, the interest rate will be fixed for a stated period of time and then becomes adjustable for the remainder of the loan. For example a 3 year ARM has a fixed interest rate for the first three years and then for the final 27 years the rate will adjust periodically. The interest rates changes periodically (normally once a year) based on the changes of current market interest rates. When the interest rate adjusts, so does your payment. If interest rates rise, your payment will rise. If the interest rate goes down, so does your payment.
ARM Advantages:
The initial interest rate is lower than that of most fixed rate mortgages.
If interest rates go down you benefit from a lower interest rate and a reduced monthly payment.
ARM loans offer the protection of Annual and Lifetime Caps.
options offered:
Conventional 1 Year ARM
Conventional 3 Year ARM
Conventional 5 Year ARM
Conventional 7 Year ARM
(click on the loan to learn more about it)
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Conventional Fixed Rate Options:
With a fixed rate conventional loan from Broadview, your monthly payments will always be predictable. The interest rate is fixed for the life of the loan, so your monthly principal and interest payment will never change. With flexible options and competitive rates our conventional fixed rate loans are a good way to protect yourself against rising interest rates.
options offered:
Basic 30/25/20/15/10 Year Fixed Rate Loan
(click on the loan to learn more about it)
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Customized loan options:
We have various loan programs for our customers with unique needs. Check out our Bridge loan, it can help get you in your new home before you sell your current one. If you can't find a loan to fit your needs online, then call us. We have many more customized loan options that are not listed here.
options offered:
Blemished Credit Options
Other Loan Options
(click on the loan to learn more about it)
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FHA home loans:
If your home is currently financed with an FHA insured loan you are eligible to reduce you're current rate and save with the FHA streamline refinance program. This streamline refinance has reduced documentation requirements and it's easy to qualify. You can usually refinance with nothing more out of your pocket than you're normal monthly payment amount. So start working on a streamline refinance today and start saving on your monthly mortgage payment. FHA home loans are insured by the Federal Housing Administration (FHA), a division of Housing and Urban Development (HUD). HUD does not generally provide the funds for the mortgages, but they insure (see Mortgage Insurance) mortgage loans made by private industry lenders such as banks and mortgage bankers.
options offered:
FHA 1 Year ARM
FHA 203K Rehabilitation Loan
FHA Fixed Rate Loan
FHA Streamline Refinance
(click on the loan to learn more about it)
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Jumbo Mortgages:
Jumbo Loans are conventional loans that are larger then conforming loan limits (any loan over $417,000 for a single-family home).
options offered:
Jumbo Loans
(click on the loan to learn more about it)
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Rehabilitation loan options:
If you are looking to refinance to make improvements to your current home, look no further. We have a variety of loans customized to meet your home rehabilitation needs. If you can't find a loan to fit your needs online, then call us. We will be happy to customize a loan to meet your unique needs.
options offered:
Conventional 7 Year ARM
FHA 203K Fixed Rate
(click on the loan to learn more about it)
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VA home loans:
If your original mortgage on your home is a VA mortgage, you are eligible for a VA rate reduction refinance. With virtually no paperwork, no qualification, no income verification, no appraisal, and no money out of your pocket you can reduce your interest rate and monthly payment. Just like your original VA loan the rate reduction refinance loan is guaranteed by The U.S. Department of Veterans Affairs. The VA loan programs allow veterans to obtain home loans with favorable loan terms, and refinance with ease all with minimal no cash-out-of-pocket. For VA housing loan purposes, the term "veteran" includes certain members of the Selected Reserve, active duty service personnel and certain categories of spouses.
VA Advantages:
Cash-out refinance loans available.
No monthly mortgage insurance premium.
Rate Reduction Refinance (no requalifying or appraisal required).
options offered:
VA Fixed Rate Loan
VA Rate Reduction Refinance
(click on the loan to learn more about it)
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Serving Ohio and Florida