Interest rates have gone up dramatically in a short period of time. If we use history as a guide, we know that rates move in cycles. When they go up, they eventually come back down. This allows homeowners to refinance to save on interest paid.
Introducing Our Rate Cut Guarantee!
- With refinancing comes certain challenges. Closing costs that can easily negate the benefits of a refinance and restarting the clock on your payoff date. 1st Rate Home Mortgage’s Rate Cut Guarantee will address these challenges by reducing the costs associated with a refinance and allowing you to keep the remaining time on your mortgage. For example, if you have paid on your loan for 2 years, we can set you up on a 28-yr fixed mortgage.
- If rates drop, you can refinance with 1st Rate and we will pay for your appraisal, tax certification, mortgage recording fee, and escrow/settlement fee. Additionally, you will not be charged any processing, underwriting, or application fees. Your life is too busy to monitor mortgage rates. We will monitor your specific scenario and automatically notify you when rates have dropped by at least .50%.
Terms & Conditions
If client closes on a mortgage with 1st Rate Home Mortgage, Inc. between 04/01/2022 and 12/31/2024, client is eligible for the Rate Cut Guarantee. The refinance must be claimed by locking the initial rate between 140 days and 60 months from the initial closing date of the first mortgage. Refinance loan must be on the same subject property as the original loan. This program is only valid for FHA, VA, and conventional conforming loans. Rate reduction must be a minimum of .50%. Term of loan must be within 5-yr increments (if original was 30-yr loan, new loan cannot be for less than 25-years). This offer cannot be redeemed for cash or credit and is non-transferable. This offer is subject to change or cancellation at any time at the sole discretion of 1st Rate Home Mortgage, Inc.
