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Charles Schwab Mortgage Refinance

in Mortgage Refinance from Charles Schwab

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Charles Schwab Mortgage Refinance

Unaffiliated

in Mortgage Refinance from Charles Schwab

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Highlights
Loan Amount	Up to $3,000,000
Loan Term (Years)	10 - 30 years

Charles Schwab Mortgage Refinance Review

Charles Schwab Mortgage Refinance is offered by Charles Schwab, a bank founded in 1971 and based in San Francisco, CA. Charles Schwab Mortgage Refinance is available in 50 states (and Washington, DC).

Key Takeaways

Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
Non-standard interest rates available. Charles Schwab Mortgage Refinance offers hybrid mortgages, and fixed-rate mortgages.
Considers personal use and investment properties. Refinancing available for primary homes, vacation homes, and even investment homes, such as rental properties.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

Charles Schwab Mortgage Refinance Pros & Cons

Pros	Cons
Available in all 50 states.	Charges an origination fee. Charges prepayment fees.

Charles Schwab Mortgage Refinance FAQ

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

The term of a mortgage refinance will impact 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 Mortgage Refinance offers mortgages refinancing with terms ranging from 10 to 30 years.

Does Charles Schwab Mortgage Refinance charge a mortgage origination fee?

Yes, Charles Schwab Mortgage Refinance will charge a loan origination fee.

What property usage types does Charles Schwab Mortgage Refinance allow?

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

Primary home
Secondary homes and vacation properties

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