This is a YouTube video titled "No Fee Refinance" containing a monologue or presentation from December 6, 2022, discussing current competitive home prices, advice for buyers to purchase now and refinance later, and a policy to waive underwriting and lender fees on refinancing to provide better deals to customers.
We've talked a lot about how home prices are as competitive as they're probably going to ever be right now. And when rates do drop this coming year, then a lot of people will start jumping back into the housing market and house prices will skyrocket. So we've really encouraged a lot of buyers to take advantage of home prices today. Buy the home now, get the best deal on the rate, and then refinance when rates get better. But that's brought up some more discussion that we wanted to address where we don't want you to have to pay additional underwriting or lender fees when you go and refinance. So what we've agreed to do is waive our underwriting and lender fees, or origination, whatever you want to call it, on the refinance. There's no fees charged to us, so we don't collect anything on that refinance. We just give you the lower rate, better deal. You can come into that refinance with nothing out of pocket. So we really want to make sure we stand behind what we're preaching and say, hey, go ahead, get that best deal on the house today, get the best deal on the rate. But no, we'll take care of you when it comes time to refinance.
