Three new mortgage features to help buyers save
Are you tired of the interest rate rollercoaster? You're not the only one. Today's market conditions have hamstrung many buyers, pushing them into tricky financial situations — if not out of the market altogether. That hurts the bottom line of clients and agents.
We're always seeking to innovate on how we can strengthen our core product offerings like Buy before you sell and Buy with cash to help agents and clients better navigate this unique market. Today, I'm thrilled to share that Homeward Mortgage, an affiliate of Homeward, is launching three mortgage features — No-Fee Refinance, Temporary Buydown, and a Longer Lock Duration — to empower buyers to shop on their terms.
These features help further bolster and distinguish our Homeward Offer by adding powerful new strategies to your home buying playbook. Ready to play chess while others are still playing checkers in the market? Here's what you need to know.
Buy now and refinance later with covered fees
The No-Fee Refinance gives buyers a path to success and a plan for the future. When rates drop, customers can refinance their loans; we'll cover the refinance fees including appraisal, title, escrow, and more.
Stay on budget with a 2-1 or 1-0 buydown
This program is perfect for cost-conscious buyers on a budget. Homebuyers can lower their effective interest rate for up to two years of their loan using a 2-1 or 1-0 temporary buydown. They'll get lower monthly payments without needing more cash at the closing table.
Get the certainty of the Longer Lock Duration
We're increasing our rate lock. Once your client is under contract on their new home and past the option period, we’ll lock their rate for up to 120 days. This longer lock duration helps anxious clients take advantage of the rate they want today and ensure it doesn't expire before they can close the loan. Say goodbye to Days-on-Market woes.
Bring clients — and confidence — back to the market
Many buyers who plan to use the Homeward Offer to buy before they sell, or simply negotiate the best deal, will be able to get moving today with these new features which provide them even more flexibility. As we’ve always done, Homeward will continue to respond to the market shift with alternative solutions that overcome the challenges we’re seeing — and this is another step in that direction.
For more on these offerings or to get approved, contact a Homeward Mortgage Loan Officer.
Homeward Mortgage LLC | NMLS # 1911059 | 916 S Capital of Texas Hwy, Ste. 2.200 Austin, TX 78746