Free Rate Watch Service.  Here is how the service works. Like most people, you probably do not have the time nor inclination to watch the interest rate market on a daily basis to find out when the best time is to refinance your home. Because of our relationship with a California Mortgage Broker we have access to a system called RateAnalyzer™ to keep track of our clients and their current mortgage situation.

RateAnalyzer™ is a proprietary database that they use to track the current status of its clients loans against current market conditions. They are constantly using RateAnalyzer™ to ensure our clients have the best interest rates available. When rates decline, we contact you to lower your rates, usually on a no-point/no-fee basis. If you would like us to monitor your situation click here.

How can we offer a true no-point/no-fee loan and still make money? The truth is that all mortgage brokers could do this for you but may not have enough volume. Here is how it works. Most wholesale lenders offer mortgage brokers a rebate in the form of points at certain interest rates. The higher the rate the more rebate.  What we do is use that rebate to pay for your closing costs and what's left is what we make. Other mortgage brokers may  get the same rebate. They just charge you points on top of the rebate and make more money on each loan. They are not trying to rip you off, they just don't have enough volume to offer to do the loan with no costs and cover their overhead.

When rates were dropping so fast a few years ago we had some of our clients refinance 3 or 4 times in a year. They were able to do this at no cost and saved thousands of dollars by lowering their mortgage rate every time. This is a great service and only one of the ways we take better care of you and your loan.