Rotella Mortgage

read moreRotella Mortgage distinguishes itself from the competition with unmatched honesty, integrity and customer service. Rotella has been a trusted name in the Omaha area for over 80 years and our friendly staff has over 80 years combined experience in the mortgage industry. Our main source of business is from client and realtor referrals, so we understand the importance of treating every borrower with courtesy and respect. We understand that home financing is probably the largest financial transaction a consumer will make in his/her lifetime.

read moreThis is the 2nd time we've worked with Rotella Mortgage to help finance our home. Our first experience, 3 years ago, working with Al was wonderful. He took the time needed to walk us through the entire process, explaining every detail, even answering questions regarding the home buying process that didn't involve him! He helped us secure the purchase of our home with ease and helped relieve so much stress in the process! We were recently looking to refinance our home to a shorter term and knew working with Rotella was the only way to go.

read moreAdjustable Rate: An interest rate that changes periodically in relation to an index. Payments may increase or decrease accordingly. Amortization: A repayment method in which the amount you borrow is repaid gradually though regular monthly payments of principal and interest. During the first few years, most of each payment is applied toward the interest owed. During the final years of the loan, payment amounts are applied almost exclusively to the remaining principal. Annual Membership: An amount that may be charged annually for having a line of credit available.

read moreOne of the biggest misnomers is that you need to drop at least 1% off your old rate to make a refinance profitable. This is because of the exorbitant closing costs charged by most mortgage companies. At Rotella Mortgage, we offer a no closing cost option, so you can reap the rewards of your refinance immediately! Fixed rates are available for 10, 15, 20, 25 or 30 years, and adjustable rates for 1, 3, 5, 7, or 10 years. Loan - to - value is generally kept at 90% or below, but additional financing is sometimes available!