Does Your Refinance Require a Lower Rate to Make Sense?
Often times, a client of ours is desirous of saving money by refinancing but market interest rates just don't quite support the overall benefit of the loan. To solve this problem for our clients, Mortgage and Investment Consultants, Inc. has invested software that will alert you and your loan officer when the rate that does support the the benefit sought in the loan is available.
For instance, lets say that a client purchased a home when rates were higher. . . . . perhaps 6.5% and knows that it will make sense for them financially to refinance when interest rates reach 4.75%. That client would register for our rate tracking service (for free) and wait to be alerted when the market has that rate available for them. It will also support sophisticated scenarios like seeking a rate of 4.125% if the borrower is paying points up to a specific amount.
If you are interested in tracking a rate for the future loan of your choice, all you'd need to do is fill out a short form and send it to your loan officer or, if you aren't already working with one of our loan officers, you may send e-mail the completed form to info@mortgageandinvestmentconsultants.com.
To start tracking the rate for the loan of your choice, click here!
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