Rocket introduced the Rate Drop Advantage – an exclusive program that brings confidence to homebuyers by covering a significant portion of closing costs of a refinance transaction if interest rates drop and they refinance within three years of purchasing a home.
Through Rate Drop Advantage, when clients refinance within the allotted timeframe, Rocket Mortgage will waive the fees for appraisal, credit report pulls, processing, underwriting and several other costs for an average savings of approximately $2,000. Rate Drop Advantage gives buyers confidence in the midst of a rising rate environment by knowing if rates decrease within the three-year period after closing on their original purchase, they can easily and affordably refinance.
Rocket is known for innovation both through technology and unique programs and features such as Yourgage, RateShield and Verified Approval. Creating a Rate Drop Advantage offer further illustrates how Rocket is listening to clients needs and adapting to the market to best help clients reach their goals.
