With the current state of the housing market, there’s no doubt that plenty of factors can fluctuate from contract signing to closing. The uncertainty of build times, supply chain disruptions, and interest rate hikes has been common stressors for homebuyers across the nation.
Whether interest rates rise or fall during your new construction process, Maronda Homes and RMC Home Mortgage have you covered. With our latest financing resources, you can protect yourself from rate hikes with our Extended Rate Lock Program, or if rates drop, Maronda homeowners who use RMC as their lender can rest assured thanks to the RMC Rate Protection Program.
Maronda homeowners can now refinance their mortgage for FREE for up to two years after closing with RMC, thanks to our new Rate Protection Program. Learn more about RMC.
What does it mean to refinance your mortgage?
Refinancing your mortgage means replacing your current mortgage with a new loan. Typically homeowners refinance to receive a lower interest rate, which results in a lower monthly payment and potential long-term savings. However, the new loan may have other terms, such as moving from a 30-year term to a 15-year term or an adjustable rate to a fixed rate.
