Did you know that a small savings of ¼% in your mortgage rate (for No Closing Costs) can provide you enough savings to reduce the term of your loan by over two full years!
That’s why the kind of mortgage I have is one that automatically refinances for me (and you can get a mortgage just like mine). It is called the Automatic Rate Cut (ARC) loan. Every 120 days your rate falls if mortgage rates have dropped by a quarter point or more, with no closing costs or points.
When rates rise, it doesn’t affect you. The Automatic Rate Cut loan is a mortgage in which the rate only adjusts downwards and never goes up.
Find out more about the ARC Loan here: