Washington Mutual Mortgage – Finding the Right Loan for you

Washington Mutual

Washington Mutual as a home mortgage company expanded its banking business operations by acquiring banks across the country. With its expansion across states it has developed a strong foothold. Washington Mutual also known as WaMu went through substantial business operations during the last decade. One of the forerunners in offering home loans as early as 1890, WaMu continues to offer home loans and it is one of the primary business operations.

Washington Mutual Mortgages

Are you first time home buyer? Washington Mutual offers a number of mortgage loan schemes for prospective home buyers. The following mortgage loan schemes are offered by Washington Mutual Mortgage

• WaMu Fixed Rate Mortgage Loan – A fixed mortgage loan is offered for durations ranging from 15 to 40 years with a cap of $3 million. These loans may require private mortgage insurance.
• Interest Only Fixed Rate Mortgages – Loans are offered with no extra cost other than interest cost for a period of 30 to 40 years. These loans require private mortgage insurance.
• WaMu Adjustable Rate Mortgage – With minimum procedure, adjustable rate mortgage loans are offered with both fixed and variable interest rates and with a cap of around $417,000.
• WaMu Interest Mortgage – These loans are offered for a period of 30 years and with a cap of $3 million dollars.
• Multi Pay Mortgage Loan – Offered with a cap of $1.5 million dollars, these loans are offered at both fixed and variable interest rates. The prepayment of loan is free for the first three years and these loans require private mortgage insurance.

Several loan schemes are offered by Washington Mutual Mortgage, they also help you find the right loan option considering your requirements.