We don’t want our customers worrying about when to refinance or how much it might cost. The Drew Mortgage Promise assures that if/when interest rates drop 1⁄2 point, Drew Mortgage Associates will refinance your loan for NO POINTS AND NO CLOSING COSTS at the current market rate.
The Drew Home Mortgage Promise
The only cost to you will be the Appraisal, Credit Report Fee, and Lender’s Title Insurance.
This offer will reinstate at the customer’s request on a yearly basis.
Minimum Loan Amount of $175,000 – Owner Occupied, Second Homes and Investment properties. The Promise does not cover the cost for escrow waiver requests. Client must make a minimum of 6 (six) monthly payments prior to exercising this No Points/No Closing Cost option. Client must meet all credit and underwriting guidelines for the program that they apply for.