Best Refinance Company

Best Refinance CompanyFinding the Best Refinance Company

With rates being so low and the tenor being so clearly geared towards the buyer in the housing market these days, many people just sort of assume that finding the best refinance company is as simple as opening the Yellow Pages, flipping to a page, and pointing your finger down. Unfortunately, mortgage companies are businesses and when they can’t collect a huge percentage of your loan when rates are high and things are competitive, they instead may switch to more dubious ways of making money. Here are some things you should be aware of if you are shopping around for a place to refinance your loan.

What You Need to Know to Find the Best Refinance Company

  • Rate: Obviously, you want to be getting the very best rate when you do decide to refinance. The best rates are going to be pegged to longer term interest rates and you can find those in financial publications daily.
  • Points+: You need to be sure that your refinance company isn’t charging you points or other unnecessary fees to drive up their profit. You should also be clear with them that you must know all of the potential fees and such upfront.
  • Open: Finally, you want your refinance company to be open to seeing things through your eyes. If they begin to get hostile and try dictating terms to you, that is a sure sign of desperation.

If you have been looking for a refinance partner and you can’t find one, that shouldn’t shock you. Even with all of their teaser figures and ebullient promises, many mortgage companies have all manner of stipulations and other things which can turn your mortgage refi into a nightmare. Don’t let them win. If you need help finding a great refinance company we here at Paramount Equity can help. We will do our best to get you a great rate.

 

The Paramount Pledge™ – Triple Protection

The Paramount Pledge. It is our promise to you that we’ll provide the best rates, won’t charge you an application fee to lock in a rate and will ensure we can close and lock in a rate at the terms we provide.

No Application Fee – Other lenders charge hundreds of dollars to start the loan process with you. Paramount Equity Mortgage® will never ask you to pay an application fee just to lock in your rate.
Better Rate Warranty – After you complete a loan with us, we will cover most of the cost to refinance or purchase within the next seven years, for any reason.
Set & Secure Closing Guarantee™* – Once we receive all required borrower information, your signed disclosure and lock your loan, we guarantee we can close your loan at the rate and terms we provided. If we can’t, we will pay you $500.
* The Set & Secure Closing Guarantee is not valid in the event that there is an unforeseen change such as, an appraisal coming in under value, undisclosed debt at the time the loan was pre-qualified, a change in income due to loss of job or change in employment, etc. This guarantee is also not valid in the event that you withdraw your application or request a change to the terms of your loan. A change in terms would consist of, but is not limited to, a change in loan amount, fixed vs. adjustable rate, number of years the loan is amortized, adding/removing a borrower, etc.