Just Approved: Digital connectivity simplifies refinancing process
The scientist purchased late in 2014 and learned that rates had dropped since his purchase.
The tech-savvy borrower opened an application through Wyatt’s website and uploaded documents via her mobile app.
[...] Wyatt relied on video meetings with Google+ Hangout to stay in touch with the client during the process.
In this case, the costs associated with the loan are covered by the interest rate, resulting in a lender credit toward closing cost.
No-closing-cost mortgages are attractive to borrowers who prefer not to pay fees upfront.
To the borrower’s surprise, his home appraised $61,000 greater than the original purchase price, a direct result of the Bay Area’s strong appreciating home values.