July 9th, 2011

Home Buying in 2011: You Have Options!

Are you in the market for a new home? Or maybe thinking about refinancing your current mortgage to stabilize your finances for the future? No matter your financial situation or home buying goals, Seattle Metropolitan Credit Union has options and advice for you.

Are you planning for retirement?

As you begin preparing for retirement and looking for ways to stabilize your finances? Have you given any thought to how your mortgage may affect your life on a fixed income?

Did you know that SMCU offers fixed loan options shorter than 30 years? Before you get too close to retiring, consider refinancing your current home loan to a shorter term, like 10, 15 or 20 years. Restructuring your payments in this way may help put you in a more stable financial situation for the future.

Does your current home have value issues?

The “mortgage meltdown” of the past three years hit many homeowners very hard, leaving many in homes that are worth less than they owe. If you fall into this category, you may be struggling with what to do next.

SMCU offers High Loan to Value (LTV) options that may provide a way to right the ship. In conjunction with Freddie Mac, SMCU has a program that provides assistance to those with upside-down Freddie Mac loans. If we can’t fit your situation into one of our products, our home loan experts will point you in the right direction, giving you the right lingo to use when talking with your original lender.

Interested in no fees or a low down payment?

We have programs to accommodate both. Once our home loan experts understand your needs, we can structure your mortgage to fit comfortably into your budget.

Whether one of these scenarios describes you, or you are interested in other property options such as rental properties, land, or floating homes, we have loan programs to meet your unique needs.

Call 206-398-5888 or email us at relending@smcu.com to start your personal consultation.

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