Refinancing Your Home Mortgage

Local Lending Leaders

Lower your interest expense and lower your monthly payment by refinancing your home mortgage loan at today's historically low interest rates. You deserve a break from high interest rates when it comes to financing for your home because home ownership is such an important part of each of our lives. Oak View National Bank's home loan professionals make it easy for you to buy, refinance or build a home. Our professionals will work closely with you and help you select the home financing program that is right for you, guiding you through the entire home financing process. You will be dealing with people you know and trust - people who enjoy making dreams come true.

Home financing loans at Oak View National Bank fall into two major categories: Oak View In-House Mortgage Loans and secondary-market mortgage loans. Yes, unlike many banks today, we still offer in-house mortgage loans. We do this so that we can make the final decision and, thus, have the ability to offer much more flexibility than the secondary-market permits. We also offer secondary-market mortgage loans that offer more interest rate options than we are able to offer in-house.

Oak View In-House Mortgage Loans

  • No minimum loan amount
  • Flexible loan to value limits (subject to credit approval)
  • Closing costs
    • Attorney, Appraisal, Title Insurance, Recording Fees, etc.
    • May be included in the loan
  • No private mortgage insurance (PMI)
  • No escrow of hazard insurance, real estate taxes, etc.
  • Lending decisions made locally which allow us to provide creative solutions to get you into your home.
  • Loan applications are taken by Oak View apply
    • We process the application and help you through the process.
    • Loan approval and loan funding by Oak View
    • Loans are owned and serviced by Oak View

Secondary-Market Mortgage Loans

  • Fixed rate mortgages and adjustable rate mortgages are available
  • Closing costs
    • Attorney, Appraisal, Title Insurance, Recording Fees, etc.
    • May be included in the loan
  • Various private mortgage insurance (PMI) options available if needed
  • Escrow of hazard insurance premiums, PMI, real estate taxes, etc.
  • Optional rate buy-downs with discount points
  • Pre-qualification available, at no cost to you, even before you start house hunting. Our pre-qualification letter may make your purchase contract more attractive to a seller.
  • Loan applications are taken by Oak View apply
    • We process the application and help you through the process.
    • Oak View does not own or service the loan

Home Affordability Refinance Program 2.0 (HARP)

If you're not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through the Home Affordable Refinance Program 2.0 (HARP). HARP is a Federal program designed for those whose mortgage was sold to Fannie Mae/Freddie Mac to help you get a new, more affordable, more stable mortgage.

  • HARP refinance loans require a loan application and underwriting process, and refinance fees will apply.
  • The application deadline of the program is December 31, 2015.
  • Eligibility requirements are very complicated; we can help you determine whether your loan is owned by Fannie Mae or Freddie Mac and whether you are eligible and can help you through the process. To join the 900,000+ people who have benefited from the Home Affordable Refinance Program, call us at 540.359.7100 or email info@oakviewbank.com.
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Oak View National Bank, an independent and locally owned community bank, is proud to offer a full range of financial services for commercial and retail customers as well as not-for-profit entities. Oak View believes in listening to the needs of its customers, understanding the community's financial needs, and responding fully by supporting individuals, small businesses, and local nonprofit organizations. Oak View has locations in Warrenton, Marshall and Culpeper, Virginia.

 
Friday, February 24, 2017