Bank of the West Offering .125% Interest Rate Discount on Home Purchase or Refinance Loan

Bank of the West logoThe experience of being a homeowner comes with a variety of benefits, including building equity over time, having the ability to borrow against that equity at an affordable rate, and certain tax benefits reserved for homeowners. However, buying a home comes with several expenses that can make the dream of homeownership out of reach. Closing costs, moving expenses, maintenance requirements, and the monthly mortgage payment all add up to take a significant bite out of a homeowner’s cash flow. Some financial institutions offer discounts and promotions to make the purchase or refinance of a home more affordable.

The Offer

Currently, Bank of the West is offering an interest rate discount of up to .125% off both purchase and refinance mortgages funded through the bank. Prospective and current homeowners who apply for a mortgage loan with Bank of the West must have a qualified checking account to be eligible for the relationship discount. Automatic payments from the Bank of the West checking account to the mortgage loan must be established on or before the date of closing.

Bank of the West offers a variety of home mortgage loans, including fixed and adjustable rate loans, jumbo loans, and FHA loans. The interest rate offered on each home mortgage loan, whether for refinancing or a purchase transaction, requires borrowers listed on the application to meet certain credit guidelines and loan-to-value ratios. A new home loan through Bank of the West may involve closing costs, down payment requirements, and funding fees that are the responsibility of the borrower.

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The relationship discount applied to the interest rate for purchase or refinance home loans with Bank of the West is in place for the life of the loan, so long as the borrower maintains his or her qualified checking account and automatic mortgage payments.

About Bank of the West

For over 135 years, Bank of the West has been serving customers with a variety of deposit and lending products. In addition to mortgage loans for purchases and refinancing, Bank of the West also provides home equity products, auto and personal loans, credit cards, savings and checking accounts, and wealth management services. The bank currently operates more than 600 branch locations spanning 23 states.

Prospective and current homeowners interested in the relationship discount offered by Bank of the West may gather more information by visiting any retail branch location, contacting a mortgage specialist at 1-800-659-5495 or by visiting the bank online.

Posted on October 5, 2017 by in Home Refinancing, Mortgages,

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01/05/2018