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Washington Mortgage Rates

Washington Mortgages and Mortgage Loan Rates

Tucked away along the Pacific Northwest is Washington, the Evergreen State. The only state that’s named after one of our presidents, Washington shares a border with Oregon and Canada’s British Colombia. From the vast Cascade Mountain Range to the jagged Pacific Ocean and sinuous Colombia River, natural beauty abounds in Washington.

Although its capital is Olympia, Seattle is Washington’s most well-known city. It’s where Starbucks was founded, and the headquarters of giants Amazon.com, Classmates.com and Microsoft are nearby. Major Washington industries include forestry, mining, agriculture, technology, aerospace, and shipping. It’s an environmentally-friendly state with plenty to do and lots of pretty scenery to look at. If you love the outdoors, don’t mind the rain, and enjoy living among people of different cultures, Washington might be a great place for you to call home.

Washington adjustable-rate mortgages

If you’re considering an adjustable-rate mortgage (ARM) to help with the purchase of a new home or a refinance, Washington lenders will offer several options. With an ARM, you’ll get low payments for the first 1, 3, or 5 years. But after that, payments will increase. If you think your income will undergo an increase, a Washington adjustable-rate mortgage might be a good choice.

Washington home equity loans

Even though interest rates may be higher than on a mortgage refinance, Washington home equity loans with their low closing costs appeal to those looking for a fixed-rate fully amortizing second mortgage. The equity value in your home is used to determine the maximum amount you’ll be allowed to borrow. Another nice thing about a second mortgage is the potential to repay this debt more quickly than debt on a first mortgage. Of course, this benefit depends upon the amount borrowed.

Compare Washington mortgages

If you want to compare offers from Washington lenders, it’s important that you take time to familiarize yourself with the many mortgage options. The tools you’ll find at MortgageSearchLive.com can help you understand, for example, that interest rates on 15-year fixed rate mortgages usually are lower than those offered on 30-year FRMs or that refinance rates typically are lower than second mortgage rates. The tools are free and they’re waiting for you – so use them!

Popular Areas in Washington

Aberdeen
Anacortes
Bellevue
Bellingham
Bremerton
Centralia
Ellensburg
Everett
Kennewick
Kirkland
Longview
Moses Lake
Mount Vernon
Oak Harbor
Olympia
Pasco
Port Angeles
Port Orchard
Pullman
Richland
San Juan County
Seattle
Shelton
Silverdale
Spokane
Tacoma
Vancouver
Walla Walla
Wenatchee
Yakima