No-fee refinance on every ark loan
Ever take out a mortgage and then start second-guessing your timing as interest rates start to fall? Or wished you’d taken a shorter term or put down a smaller down payment so you’d have money for improvements? Have you wished you could refinance but hesitated due to the additional fees involved?
With the Ark Mortgage Lifetime Guarantee, you pay certain fees only once per property, no matter how many times you refinance. If you qualify and refinance through Ark, we’ll waive the application and commitment fees and even reimburse your appraisal costs. That can save you up to $2,500 per transaction!
We also offer a Multi-Property Discount as a boon to investor clients. Whether or not you originally purchased the properties through us, refinance them all simultaneously and you’ll pay application and commitment fees for just one property. We’ll waive those costs for the remaining homes, up to $2,500 apiece.
The Ark Lifetime Guarantee applies to all past and future Ark clients. So start saving money and enjoy “loan peace of mind,” knowing that you can shorten your term, tap into your equity or even take advantage of a lower rate for the lifetime of your loan, all at tremendous savings.
How much mortgage can I afford?
The first step in buying a house is determining a realistic budget. Start with this handy calculator to get an estimate of how much you can qualify for, and how a home loan will fit into your monthly payments. The calculator takes into account your income, the purchase price, and total monthly payment. Try a couple scenarios to see how it might affect your finances.
FAQs
What are you guaranteeing?
Simply put, we guarantee that you’ll never have to pay most fees for refinancing a loan you make with us.
How much can I save?
Depending on your loan, you could save up to $2,500!
What loans are covered?
Every loan we make is automatically covered by this guarantee. So you can buy with confidence, knowing that you can refinance if rates go down.
Can I do a “cash out” refi?
Sure. Why you want to refi is your business. We just want to make it easy for you to do.
Pair with Other Programs
90-Day Rate Lock
Mortgage rates are unpredictable and fluctuate daily. Avoid rising interest rates, by locking it in. And you don’t pay extra to “float down” or get the lower current market rates.
Certified Pre-Approval
A pre-approval makes the house hunting process simpler for you. Show sellers and real estate agents you’re approved for mortgage financing. That way, it doesn’t matter if another bid is higher; yours will be legitimate.
Heroes Program
If you’re a first responder or health care worker, thank you. To show our gratitude we give a substantial discount on our fees whether you purchase or refinance a home loan.
Ark Mortgage Lifetime Guarantee Disclaimer
Refinancing your mortgage from Ark Mortgage is conditional on the program type or investor guidelines “seasoning” restrictions (most seasoning restrictions require 7 consecutive payments be made since loan origination). Loan approval for any future refinancing is not guaranteed. You must fully qualify for the selected refinance and meet all of the requirements of the loan refinancing program and federal guidelines concerning your ability to repay. Additionally, the appraised value of your home for any future refinance is also not guaranteed. If an appraisal of the property is required to meet the conditions of your new loan, the value of the property must be acceptable for the program and loan terms requested. Moreover, the interest rate for all future refinance is not guaranteed. Borrower must qualify for the loan requested, and will be quoted the interest rates in effect at the time of the new refinance. As a result of refinancing, your total finance charges may be greater over the life of the loan. Ask your Ark Mortgage Personal Mortgage Advisor for more details.
* Lender origination fees include underwriting and application fees.
** All appraisal fees are credited at the closing of the new loan.