Conventional Mortgage Loans

Equity Mortgage Loan

Home Equity Line of Credit

Fixed Rate Home Equity Loan

Investment Property Loans

How to Apply

Mortgage Calculators

Conventional Mortgage Loans

Pacific Cascade Mortgage, LLC offers fixed or variable rate conventional mortgage loans for various terms or periods, for new home purchases
and/or refinancing of existing loans.

Benefits:

• Competitive Rates - RATES CHANGE DAILY. Call (541)484-3104
  for current rates.
• You may apply for a pre-approved loan prior to home shopping.
• Available to non-credit union members, too!
• ACH mortgage payments available (payments made automatically
  for you).
• Equal housing lender

Bonnie Smith, our Mortgage expert, has experience in both buying and selling real estate, so you can depend on her for good information. Call (541)484-3104 for an appointment or send her an e-mail!

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Equity Mortgage Loans

Use the equity in your home to borrow for
any reason. An added bonus -- the interest
you pay on this loan may be tax deductible
(consult your tax advisor or accountant).

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Home Equity Line of Credit

Your line of credit is easy to access either through Teller Phone (our audio response system), Home Banking, phone transfer, faxed requests or in person.

Loan Stats :

• Minimum $10,000 credit limit.
• Maximum $250,000 credit limit.
• Variable interest rate based on the Prime Rate with an annual cap of 3% and a lifetime
     cap of 8%.
• We loan up to 85% of the established value.
• Five-year draw period; 15-year maturity (may be renewed)
• Monthly payments are calculated at 1% of your balance or $50, whichever is larger.
     You will be sent a monthly statement showing your current payment amount.

Click here for current loan rates.

Fees :

For a limited time, Pacific Cascade will pay ALL closing costs
excluding appraisal! Hurry in today!

Annual fee of $40, charged on the anniversary of your loan opening.

If the credit union pays closing fees, those settlement fees will be recaptured if the
loan is paid off in under 12 months.

Our variable interest rates are tied to the Prime Rate and are subject to change on a quarterly basis (January 1, April 1, July 1 and October 1 of each year). The loan rate doesn't affect the amount of your payment, however, only the term of the loan shortens or lengthens.

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Fixed Rate Home Equity Loan

This is a fixed rate home equity loan. Decide how much you will need up front, then have regular, fixed payments for the duration of the loan. We have different programs to fit first mortgage or second mortgage situations.

Do you own your home outright, and want to use the equity you have in it? Or maybe you still owe money on your home, but have built equity that you would like to take advantage of....

First or Second Home Equity Loan Stats :

• Owner occupied only.
• Borrow at least $10,000
• We loan up to 85% of the established equity value.

Terms :

We will work with you to find the best payment scenario for your situation, up to 240 months, depending on amount and the Loan-to-Value ratio. Longer amortizations are available.

Rates vary. See our "Home Equity Loan" rate sheet for more information.

• .50% discount (on loan rate) on five-year balloons.
• .25% discount (on loan rate) on ten-year balloons.
• Up to 30 year amortization.

Fees :

Loan origination and or processing fees are WAIVED (if not paid off within 12 months). If an appraisal is necessary, the member is responsible to pay for it. Fees for a $30,000 home equity loan average $200 (not including appraisal, if needed).

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Investment Property Loans

Here is some information about potential rates, depending on multiple factors... we can't be more specific because there are many variables. Come in and talk to us!

Tiered Rates are solely determined by a credit score supplied to the Credit Union by an independent Credit Reporting Bureau and is outside the control of the Credit Union. Rates are subject to change. Call (541) 343-6238 for current rates.

How to Apply

We have application packets for home equity loans or conventional mortgage loans. Drop by any of our branches to pick one up, or let us know and we can mail one to you.
See "Contact Us" for locations.

In general, to get your application underway, we will need:

• A completed Loan Application.
  
• Verification of income. W-2 or current pay stub. If self-employed, copies of your
  last two year's Federal and State Income Tax Return.
  
• A copy of the the current year's County Tax Assessment Value.
  
• A copy of the year-end statement from the Lender of your 1st Mortgage, if applicable.
  
• A copy of your current homeowner's insurance declaration, if applicable.

For further information or questions, contact a Member Services Counselor at any Pacific Cascade branch. See "Contact Us" for locations.

Calculators

Follow the formula at the right to calculate your
Home Equity.

Payments Calculator 

Enter your desired payment and let us calculate your loan amount! You can also enter in the loan amount and we will calculate your montly payment.

NOTE: For conventional loans, please note that this estimate does not include property
tax or home owner's insurance.

Home Budget Analysis Calculator

Managing your monthly budget can be difficult and frustrating. One of the most important aspects of controlling your budget is to determine where your money is going. This calculator helps you do just that.

Mortgage Refinance Break Even Calculator

How long will it take to break even on a mortgage refinance? Use this calculator to sort through the confusion, and determine if refinancing your mortgage is a sound financial decision.

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