Refinancing Your Home In Washington State Could Not Be Easier
Get Your Pre-Approval Process Started!
The Hoch Team | USA Mortgage | 2720 Hoyt Ave., Ste A, Everett, WA 98206
WHY ARE YOU REFINANCING?
It’s time your mortgage worked for you. One of our Mortgage Loan Originators can get you started.
Access your Equity
Need a new deck out back? How about that bathroom? The one you’ve been talking about putting in the basement… for years? You’ve invested in your house, and now that investment can work for you. Refinance and use that cash.
Bring Down Those Payments
You’d be surprised how big a difference refinancing could make. A percentage or a point could make all the difference in getting closer to something you’ve been saving or planning for. Or, maybe, you just want to pay less. And who doesn’t want that?*
Shorten That Loan
Maybe you’d like to pay your mortgage off sooner (and have that money for something else later). Not only can refinancing get you out of your loan faster, but it can help you pay less interest. This really is a case where less is more!
HOW DO I GET STARTED?
Simple: we find the right loan for you.
Want to know one way we make it enjoyable? We keep it simple, with a small number of steps to meet your refinance goal. Get a look into how we do it with this short video, “The Ultimate Refinance Guide.”
Here we go, the first step. It starts with completing an application, either online or with the assistance of a loan officer. After that, your friendly neighborhood officer will help you determine which program
Now the Mortgage Loan Originator begins to work on the best options and terms, then provides you with an estimate.
We will coordinate with a professional real estate appraiser to establish your home value. In many cases you may qualify for an *"appraisal waiver" which saves you hundreds of dollars. *Subject to Underwriting approval.
At this point, the underwriter will review all the documentation. If it meets the minimum requirements, they’ll issue a “conditional approval.”
And here we are… with final sign-off, you’re clear to close. We’ll get the paperwork ready for you to sign, then we’ll move the money to the title or escrow company to pay off your current loan and fund the new home loan. High-fives all around!
FEATURED LOAN PROGRAMS
What type of refinance loans are available?
Conventional Loans are the most common mortgage type you’ll come across and often the usual starting point for many when shopping for a mortgage loan, because they’re exactly what they sound like: conventional.
USDA Home Loans
Okay, so maybe you’re wondering, “Exactly what do the USDA and home loans have to do with each other?” It’s a fair question, to be sure. In fact, USDA (or U.S. Department of Agriculture) loans are part of the Rural Development program and they offer mortgages for rural homebuyers. Although there may possibly be financed closing costs, USDA Home Loans offer reduced monthly mortgage insurance premiums. Also, condos may be eligible for financing – properties just need to be in a USDA-approved area.
First things first: an FHA Loan is a mortgage that is insured by the FHA (or Federal Housing Administration). FHA Loans have no income limits. If the property is a condominium, it must be on the FHA-approved list. If your current mortgage is an FHA loan, you may be eligible for am FHA Streamline Refinance which requires limited borrower credit documentation and underwriting.
VA (Veterans Affairs) Loans
Created in 1944 to help veterans after World War II, VA (Veterans Affairs) Loans are expressly for current and veteran service members – and eligible spouses – looking to refinance a home. VA Loans have competitive interest rates (loan applicants must meet VA eligibility, however.) If your current mortgage is an VA loan, you may be eligible for am VA Streamline Refinance which requires limited borrower credit documentation and underwriting.
Just like any other type of mortgage, though the applicant must be 62 years or older, own the property, and occupy it as their primary residence. One nice bonus? You don’t have to make a payment until the last surviving homeowner permanently moves out of the property or passes away. At that point, any remaining equity will be inherited by the estate.
For homes exceeding the value of Conventional Loans as established by the FHFA (consult withy our loan originator to define maximum loan values). Predominantly used to finance homes in highly competitive real estate markets or luxury homes, Jumbo Loans are usually available with a fixed interest rate or an adjustable rate.
It's always fast and easy working with Glenn, April, and the team. This is my third loan through them and it's always been a pleasant experience.
Jessie W S.
The Hoch Team is GREAT to work with. Always keeps you informed and works very hard to help you get things handled timely and efficiently. They always keep your best interest 1st. Their customer service goes far and above and beyond. I recommend them to everyone we know and will always use their expertise in the future. THANK YOU FOR EVERYTHING YOU DO!!!!! ABSOLUTELY THE BEST!!!!!!!!
The- We closed on time (even sooner if I wanted).
- Communicated and verified details every step of the way. The agent even mentioned that he was happy about comms.
- No surprises.
- Mortgage Questions and concerns were patiently answered and addressed very professionally.
- Overall great experience with the loan team.
Mario M V.
Lake Forest Park, WA
Possibility starts here.
Get approved for your refinance.
All members of the Hoch Team are Licensed Mortgage Originators. The Lead Loan Advisor is April Brodel and the team’s Loan Partner is Katie Kendall. April has been in the industry for 8 years, taking on both the sales and the operations side of the business. Her experience and knowledge have led her to be Head of Operations and the cornerstone of the team’s success. Katie is going on her second year in the industry, and she is known for going above and beyond for her clients and referral partners. Katie was recognized in 2020 as the USA Mortgage Company’s “Branch Support Staff of The Year”, an award given to her due to her incredible work ethic, positive attitude, and her ability to continuously excel at any task given to her.
The Hoch Team is part of the Top 1% Mortgage Originators in America, they aim to help others reach the dream of homeownership and to help all their clients build wealth through Real Estate.