[Draper, 02/02/2017] – Mortgage firm City Creek Mortgage is pleased to announce a new program called the “Your Term Mortgage,” also known as “Mortgage Your Way.” This program offers homeowners the benefits of a refinance without the need to go over the years paid. In addition, the program is for homeowners seeking to be strategic about their monthly budget for future life events.
Program Features
In the past, homeowners had to choose from a limited number of options, namely a 5-year ARM (Adjustable Rate Mortgage), 15-year, 20-year, 25-year, or 30-year mortgage. With Mortgage Your Way, homeowners get to dictate the years of the term at a fixed mortgage rate. They can choose a term range anywhere between 8 to 30 years. Homeowners also have the freedom to purchase a primary residence for a minimum five percent down payment or refinance the current value of their property by up to 95 percent. The program’s loan amount ranges from $25,000 to $417,000.
Benefits of the Your Term Mortgage Program
The program enables homeowners to refinance their mortgage at a better rate while still staying on track with their remaining years left to pay. Another advantage is the ability given to the homeowner to customize the loan terms based on their ideal monthly budget. They can tell City Creek Mortgage the amount they would like to pay per month along with the preferred loan length and the mortgage company will design the loan in conjunction with the current interest rates.
About City Creek Mortgage
The company is an established mortgage firm in Salt Lake City. It offers invaluable support to homeowners when it comes to the loan shopping and application process. It provides clients with the tools they will need, such as a mortgage calculator and affordability calculator, to get a picture of what their possible monthly payments would be like. Its organization consists of passionate individuals who help homeowners get the ideal mortgage solution for their property.
Log on to http://citycreekmortgage.com for more information about the company’s mortgage products.