Realtor Advice

Reduced Interest Rate Special

This is a special offer for my referral partners . . . .

Effective Immediately, Prosperity Mortgage will offer a Reduced Interest Rate Special on eligible purchase applications between October 11th and October 31st, 2013.  Here’s how it works:

Refer your purchase clients to Prosperity and have them make loan application between October 11th and October 31st, 2013.  Prosperity will lock the loan at the current market 30 year fixed rate.  As a special incentive, Prosperity will reduce that interest rate by .50% for the first year AT NO COST TO THE CUSTOMER. 

Here is an example of how it would work.  If the current 30 year fixed rate is 4.25% (4.345% APR),  The Principal and Interest payment on a $250,000 loan would be $1230/mo. for 30 years.  Prosperity would reduce that rate to 3.75% for one year and the associated payment on the same $250,000 loan would be $1158/mo. (A savings of $864 for the first year).  During years 2 through 30, the interest rate and payment would be locked at 4.25% and $1230/mo.  Again, this will be at no cost to your clients.

There are restrictions as you can imagine.  USDA loans do not allow interest rate buy downs for example.  Purchase loans only, no refinances.  Does not apply to borrower’s whose rate is already locked.  Here’s a link to a flyer you can use with your clients:  Reduced Interest Rate

Your clients deserve the best……GIVE PROSPERITY AND THE JEFF BAXTER MORTGAGE TEAM THE OPPORTUNITY TO EXCEED YOUR EXPECTATIONS!

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