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.
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.
The biggest con associated with refinancing your mortgage is paying closing costs all over again. The RMC Rate Protection Program covers all closing costs when you refinance within the first two years of closing on your new Maronda Home.
Our RMC Rate Protection Program puts your mind at ease, knowing that you no longer have to worry about interest rates fluctuating while we build your home. No matter what, RMC is fully committed to finding you the best rate at the best price.