We sometimes hear from clients who've considered refinancing with the lender currently servicing their loan. Let us just say - please call us first.
We just spoke to an existing client who had been contacted by their current lender/servicer about the possibility of refinancing. After a review of their situation, they were told they're not eligible for a refinance at this time. However, that's not true at all. They are eligible for an FHA Streamline (we referred to these in our last post). This program, combined with the offer we're making, will save them at least $200 per month, AND, we will pay ALL of their closing costs.
Not sure why the existing lender/servicer didn't mention this to them. Maybe they can't offer it, maybe they're not aware of it, who knows? Either way, we're grateful for the opportunity to serve them again and will vastly improve their current situation because of our steadfast commitment to ensuring we are on top of the latest opportunities of our industry.
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