Home Mortgage Loans
Woori America Bank is here to help you purchase the home of your dream!
Are You Considering Buying a Home or Refinancing?
Buy a Home | Refinance Your Home* |
Consult now for the right mortgages! | Replace your existing home mortgage loan! |
You can choose fixed or adjustable rate term. | You may Lower your monthly payment. |
How much will the monthly payment be? | You can convert to a fixed-rate or adjustable-rate loan. |
What are the program requirements? | You can consolidate your existing debt obligations |
* Cash-Out Available
Woori America Bank's Conventional Home Mortgage Loan Products
Fixed-Rate Mortgage
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Fixed monthly P&I payments may help you budget easily.
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You can secure your interest rate from rising interest rates for the life of the loan.
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It may be suitable if you plan to stay in your home for a long time.
Adjustable-Rate Mortgage
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Generally initial interest rate on an ARM is lower than on a fixed-rate mortgage.
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It may provide you flexibility if you are planning to move or refinance again* within a short period and/or who expect growth in your future income.
*There is no guarantee that you will be able to refinance again to lower your rate and payments.
Consideration
Fixed-Rate Mortgage
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The longer the term of your loan, the lower your monthly P&I payments will be.
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The shorter the term of your loan, the lower overall interest paid will be.
Adjustable-Rate Mortgage
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Monthly P&I payment may be lower during initial period, but then may increase or decrease as the interest rate adjusts.
What is the type of WAB HM Loan Product?
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5/1 ARM
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10/1 ARM
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15/1 ARM
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15 yr Fixed
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30 yr Fixed
Additional Home Mortgage Program
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CRA Loans- First Home Buyer and Affordable Housing Program.
Have a Question?
For more information, please call customer service at 1-888-MyWoori (699-6674) or contact us online.
