The Free Way to Refinance:
Wholesale banks pay us to fund your loan and you get a Free Rebate

You don't pay us anything at all and you get a Free Rebate
so our effective APR is lower than the rate.* Check the APR

Check out our Guarantee

You save thousands of dollars
and you get the lowest rate

The APR is the rate's price. You should be APR shopping.

Comparisons
$417,000 Loan

APR *
30 Yr Fixed
Rates
Free Rebate
Online Special
APR Fees
Payments
Accord Loans
4.408%
4.250%
N/A
$7,726
$2,051.39
Accord Loans
4.471%
4.375%
N/A
4,691
$2,082.02
Accord Loans
4.564%
4.500%
N/A
3,127
$2,112.88
Accord Loans
4.667%
4.625%
N/A
1,992
$2,143.96
Accord Loans
4.759%
4.750%
$425
$425
$2,175.27
Accord Loans
4.849%
4.875%
$2,175
N/A
$2,206.80
American Interbanc
4.879%
4.875%
N/A
$199
$2,206.80

Click this button for your ... or call (800) 675 7089
You get lower APRs and rates because Free Way RE, our real estate company, pays our overhead

 How to Compare Loan offers: APR, Guarantee, and Rate.

Request a quote online and get a Free Rebate.

 Request a Quote Now

You get a Guarantee of the lowest APR and lowest rate.

* To compare our offer to other lending offers, you must compare the APR. The APR disclosed in our Truth & Lending will include the lender fees but if we are giving you a Free Rebate higher than the lender fees, your "effective APR" is actually lower than the rate. The "effective APR" is only for illustration purposes.

Other Lenders: You pay them hundreds or thousands of dollars for a higher rate.

Accord Loans: You don't pay us anything and you get a Free Rebate plus a lower rate!

Other Lenders: 4.75% Advertised Rate with 4.855% APR
If you would like to pay other lenders for a lower rate you must calculate in the "Buy Down Costs" the loss of the Free Rebate. The monthly payment difference is too small so it could take many years to recoup the buy down costs.

You get a Free Rebate of $2,175 with a 4.875% rate. If other lenders would charge you $2,780 for a 4.75% rate (check the APR fees), you need to add their charge to the Free Rebate that you are giving up. The total cost would be $4,955 and the difference on payments would be $31.53

Divide $4,955 by $31.53 and it would take 157 payments (over 13 years) to break even. That's a long time but if you want a lower rate we can get it for you and still save you money with our Wholesale Pricing.

The Free Rebate Amounts are based on the loan amounts. Lower loan amounts have lower Free Rebates. Rates, APRs and Free Rebates are for rates available as of May 26th 2009 12:15 PM PST. Today's Special Pricing is only available for new applications.

Conforming Jumbo Loan 30 Year Fixed Rate
Loan Amount
Free Rebate
APR
Fixed
Rate
Free Rebate
Online Special
Buy Down Costs
APR
Payments
$625,000
N/A
5.250%
N/A
 N/A
5.264%
$3,451.27

The rates above are for Refinance Rate & Term Only 30 Year Fixed Rate with the APR including the Free Rebate for Closing Costs. Super Jumbo Loans and programs for Less than Perfect Credit also available. California Properties Only.

Ask about our Short Refinance Program to help home owners get more affordable mortgage payments and even avoid foreclosure.

Free Home Loans: You don't pay us and we give you a Free Rebate.
Banks and lending companies pay us to process, underwrite and successfully fund your loan. This is the free way to refinance because you don't pay us anything and you get a Free Rebate.

The lending industry uses a Buy Low and Sell High pricing strategy. A higher rate means more money that lenders and brokers get paid but by federal law that revenue must be disclosed on your Final HUD-1 Closing Statement. The Good Faith Estimate changes but the Final Closing Statement must be accurate to the penny!

Our Guarantee: Your Final HUD-1 Settlement Statement will disclose that Accord Loans did not charge you anything and also that you received a Free Rebate from Accord Loans (not to exceed 50% of the revenue received by Accord Loans from the bank or lending company). Banks or lenders might limit the Free Rebate to actual closing cost amounts: bank fees, title insurance, escrow, recording fees, appraisal fee, notary fee, and other third party fees. *

Compare apples to apples: Compare Guaranteed Rate & APR Quotes!

Our Up Front Pricing gives you a Guaranteed Quote of the APR and Rate. You must compare the APR when you shop for a loan.

The Bond market and the secondary financial markets (Fannie Mae & Freddie Mac) impact the rates and on any given day the rates are all the same; what changes from lender to lender is how much they will charge you for that rate. The rates do not change every day. The APR (the price for those rates) changes twice daily with the most competitive banks. Their margins are so slim that they must monitor their Cost of Funds and Required Returns on a daily basis.

Would you lend someone $400,000 for 30 years at 6.00%? Of course not because those dollars are going to be worth a lot less in 30 years! Direct Lenders lending "their" own money must get a higher return so their rates are usually higher or require discount points.

Refinancing normally makes sense if it would lower your home loan rate at least two percentage points. But with a No Points and No Broker Fees plus a Low Wholesale Rate with a Low APR and Free Cash it might be worthwhile to refinance even if your rate is not too high. No Closing Costs programs are also available.

Financing is like clothing; it doesn't come in one size fits all.

Depending on your loan amount and your particular circumstances, you could choose to refinance if it helps you accomplish your short term and long term financial goals.

Refinancing Can Be Good For Homeowners Who ...

... want to benefit from lower rates. Specially if they would like to get some cash out to pay off bills or any other purpose.

... have an adjustable-rate mortgage (ARM) and want a fixed-rate loan to have the certainty of knowing exactly what the mortgage payment will be for the life of the loan. This is normally a good idea only if they intend to stay in the house for many years.

... want to convert to an ARM with a lower interest rate to lower their existing monthly payments or to consolidate debts.

* The Free Rebate for Closing Costs is limited by the revenue received by Accord Loans from the bank or lending company and by the Accord Loans minimum monthly revenue requirements and the income tax liability incurred by Accord Loans.

Would you give away more than half of your yearly salary and also pay the income taxes on the money that you gave away? You would not and we cannot either.

The Free Cash is limited to 50% of the amount received by Accord Loans from the bank and also reduced by the Processing Fees, Underwriting Fees, and Credit Fees incurred by Accord Loans disclosed on the Good Faith Estimate. The amount paid to us by the bank will be disclosed on the Final HUD-1 Settlement Statement in accordance with federal RESPA law and also within the bank's regulations. Any bank charges for expired rate locks will be deducted from the Free Rebate amount.

Loan amounts and other restrictions apply. Programs, rates and terms subject to change without notice. Minimum payment rates are lower than actual interest rates. The APR and interest rate combination will vary according to your selected interest rate. Licensed under the California Department of Real Estate. Broker license number 01250372.

 

LOAN PARAMETERS FOR THE ABOVE QUOTE:

Type
Fixed
Owner Occ:  
Yes
LTV:
49%
Term:
360 mos.
MaxLoan:
$417,000
MinLoan:
$200,000
FICO:
740 +
Prepay:
No

OTHER SPECS
Non Declining Market
Conforming Loan Limit
Refi- NO Cash Back
Full Income Documentation
Full Asset Documentation
Single Family Residence (SFR)
Lender paid Taxes & Insurance

freewayrefi.com The Free Way to Refinance freewayrefinance.com