Waterstone Bank is a regional bank that has served the local communities of suburban Milwaukee since 1921. The bank has its banking offices throughout Milwaukee and it offers a complete range of financial products and banking services.
Waterstone Bank offers mortgage products, checking, savings, money market, certificates of deposit, IRA accounts, business banking and commercial loans. The bank has helped thousands of homeowners purchase their dream homes.
If you are thinking to buy a home or refinance your existing home loan, Waterstone has a range of mortgage products that can meet your needs. The bank offers conventional loans that include fixed-rate and adjustable rate mortgages.
Getting a fixed-rate loan will allow you to get predictable interest and principal payments on your loan. With an adjustable rate mortgage, the interest rate may decrease or increase after the initial fixed-rate period based on the market rate. Increase in market rate could result in increase in your monthly payments.
In addition, you can choose Federal Housing Administration Loans that are designed to assist first-time homebuyers and those who are not in a condition to offer the cash required for a down payment. FHA-insured mortgages come with a number of benefits such as:
- Loan guaranteed by the government
- Down payment as low as 3.5%
- Available for people with less than perfect credit
- Competitive rates and flexible terms
Waterstone Mortgage also offers refinance loans, reverse mortgage, energy-efficient mortgages, and renovation loans. Qualified veterans can get VA loans that offer low down payment option, no prepayment penalty, and no private mortgage insurance requirements.
Waterstone Mortgage Payment
To get a better understanding of what type of mortgage you can afford and what your future mortgage payment will be, consider home loan pre-qualification. Mortgage pre-qualification will help you to better plan your way to meet your home ownership goals.
It is recommended that you make your monthly mortgage payment on time as you don’t want to get in trouble with defaults and late payments. You can visit your nearest branch location to make your mortgage payment or make online mortgage payment using online banking. You can also send your payment to the mortgage department of the bank at:
Corporate Headquarters N25 W23255 Paul Road Pewaukee, WI 53072 Fax: 262.691.9300