Where does Charles Schwab Bank do business?

Charles Schwab Bank is based in San Francisco, CA. The company was founded in 1971 and offers mortgage refinancing to borrowers in 50 statess across the USA (and Washington, DC).

What is the maximum loan term for a mortgage refinance via Charles Schwab Bank?

The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Charles Schwab Bank offers mortgages refinancing with terms ranging from 10 to 30 years.

Does Charles Schwab Bank charge a mortgage origination fee?

Yes, Charles Schwab Bank may charge a loan origination fee.

Does Charles Schwab Bank charge prepayment fees?

Yes, Charles Schwab Bank charges additional fees to borrowers who pay off their home loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What property usage types does Charles Schwab Bank allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Charles Schwab Bank allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Inestment properties and house flipping projects 

  • Loan Term (Years)
    10 - 30
  • Institution Type
  • Intended Use
    • Investment/House Flipping
    • Primary Home
    • Secondary Home
  • Funding Time Range (in days)
    Up to 40
  • Loan Amount
    Up to $3000000
  • APR
    Starting at 3.787%
  • Terms
    5/1, 7/1, 10/1, 10, 15, 20, 25, 30 years
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