Seaway Home Mortgage Information

Sea your way home...where customer satisfaction is our only priority! Buying a home is one of the biggest investments you will ever make. In addition to finding the right home at the right price, you also need to find the right financing. Whether you are a first-time homebuyer or a seasoned investor, finding the right loan can be a difficult process. Where should you start? What is the right loan for me? Who has the best rates? The right loan for you will often vary based on your particular situation and your financial goals. There are many loan options available: Fixed rate loans - Lock in a low fixed rate that is guaranteed to never change. Popular terms include 15, 20, 30, and 40-year loans. Adjustable rate loans - Flexible loan terms for your short-term goals. Low down payment loans - Buy property with less than 20% down. VA loans -Guaranteed by the government, VA loans offer no down payment options and more flexible guidelines than traditional mortgages. There are a number of possible benefits to refinancing your existing mortgage. However, refinancing is not recommended for everyone. It is important that you weigh all your options when considering whether or not to refinance. If you do decide to refinance your existing mortgage, you will have many loan options to consider: Fixed rate loans - Lock in a low fixed rate that is guaranteed to never change. Popular terms include 15, 20, 30, and 40-year loans. Cash-out refinance loans - Get extra cash without a second mortgage. RI License #20031516 LB / Seaway Home Mortgage NMLS #1212 / Peter D. White Jr. NMLS #18039