Washington Mutual Mortgage Rates

Washington Mutual Mortgage Co offers many types of mortgages and loans that will suit your financial desires. These mortgage offerings are just another part of the financial products offered by Washington Mutual online banking. Washington Mutual mortgage rates vary based on the type of mortgage you apply for. This article will review the types of mortgages that Washington Mutual offers and the mortgage rates associated with each type of mortgage.
Types of Washington Mutual Mortages: Fixed Rate Washington Mutual mortgages - The first type of mortgage that WaMu offers is their standard fixed rate mortgage. Fixed rate mortgages are very good choices for any home owners because the mortgage payment stays the same for the life of the loan. For someone who is concerned about rising interest rates, a fixed rate mortgage is great because you never have to worry about your mortgage payments going up. Washington Mutual offers 15 year and 30 year fixed rate mortgages. Washington Mutual mortgage rates change daily so head on over to the WaMu.com website to find out today’s rates.
Washington Mutual Fixed Rate Interest Only Mortgage - Washington Mutual Mortgage Co offers a very unique fixed rate interest only mortgage. With this Wamu mortgage, home owners can choose to pay only the interest on their home loan for the first ten years of this mortgage. At the same time, home owners can enjoy stable interest rates and mortgage payments with this fixed rate interest only mortgage. Washington Mutual Mortgage Co offers this mortgage with a 30 year term or a 40 year term.
Washington Mutual Traditional Adjustable Rate Mortgage - Washington Mutual Mortgages also offers a traditional ARM. Adjustable rate mortgages allow home buyers to get lower interest rates when they first purchase their home in exchange for possible higher interest rates after the initial fixed mortgage rate period. WaMu mortgages allows home buyers to lock in low interest rates for the first 10 years of their mortgage. After the initial 10 year fixed interest rate period passes, the interest rate can fluctuate based upon the market rates existing at that time. For someone who does not plan to live in their house for more than ten years, this can be a great option for locking in lower Washington Mutual mortgage rates.
These of just a few of the offered Washington Mutual mortgages. Savings Accounts 411 will cover other WaMu mortgages in future articles. We hope that this gave you a good overview of WaMu’s mortgage products. Again, you should check out the Washington Mutual website to find the current Washington Mutual mortgage rates being offered.
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