The eEasy Rate Reduction Plan gives home buyers unparalleled control. With the eEasy Plan, borrowers need never worry about rising interest rates. Yet, whenever they choose, they can get lower rates with speed and convenience never before available. There's no need to requalify for a loan - that means no loan application, no credit report, no traditional refinance documentation. Just one telephone call or a quick Web site visit virtually completes the process.
Borrowers can lower their interest rates, when they choose, to manage their mortgage debt.
Borrowers can expect to start saving sooner than they could by refinancing. When a borrower requests a rate reduction by the 25th of the month, the new rate takes effect the first day of the following month. Borrowers can lower their interest rates and monthly payments with or without extending the term of the loan. Borrowers using eEasy Rate Reduction Plan have none of the hassle, stress, delays and confusion possible with refinancing. The eEasy Rate Reduction Plan should be less expensive than refinancing for many borrowers and gives borrowers several convenient payment options for rate reduction.