I recently contacted them again, and made them aware that home values in their neighborhood had increased substantially enough for them to qualify for conventional financing.
Their new home loan was under 80% of the appraised value. My team at Pacific Funding and I successfully reduced the interest rate from 4.75% to 3.75% — which is fixed for 30-years. We also eliminated the mortgage insurance that they were paying on their current FHA Loan.
This saved them over $300 per month!
As a loan officer, keeping in contact with past customers is an integral part of maintaining relationships. We stay in contact with our clients to inform them of changes in the market that benefit their position.
At Pacific Funding, we take pride in assisting homeowners manage their wealth and real estate asset(s). For more success stories like these or to reach me directly, contact:
- Jack Reininga Joins Mason-McDuffie Mortgage Corporation - June 26, 2014
- Pacific Funding Group Streamlines Loans to Avoid Delays During Governmental Uncertainty - October 4, 2013
- FHA Back to Work: Extenuating Circumstances Program - September 20, 2013