ATLANTA--(BUSINESS WIRE)--AmeriSave Mortgage Corporation, a leader in helping consumers save money on the cost of owning a home, has launched a new program to help make homebuying more affordable — and to give homebuyers more confidence — during this period of interest rate uncertainty.
With AmeriSave Mortgage’s new Lock & Drop program, qualifying borrowers benefit from immediate monthly savings through a 1% effective mortgage rate reduction over the first year of their home loan. AmeriSave is also offering a $750 credit that can be applied towards a qualifying future refinance transaction – a valuable perk for the borrower should mortgage rates drop. **
More details about the Lock & Drop program can be found here.
“For more than 20 years, AmeriSave Mortgage has helped homebuyers save money on their mortgage payments,” said Mike Berte, President and Chief Operating Officer of AmeriSave Mortgage. “Our new Lock & Drop program gives today’s prospective homebuyers greater confidence during this period of interest rate uncertainty so they can purchase their dream home with peace of mind.”
AmeriSave Mortgage can also guide borrowers through multiple third-party-paid buydown options depending on their situation (3-2-1, 2-1, 1-0) that are funded by an incentivized third-party, such as home sellers, Realtors® or homebuilders.
To learn more about AmeriSave, please visit https://www.amerisave.com/.
** The Lock & Drop product refers to AmeriSave's lender-paid buydown product. The mechanics of a buydown product, e.g., whether the mortgage note rate is modified versus the effective note rate, depends on the specific product. Please read loan documents carefully to understand the terms and conditions applicable to your loan. Additional terms and conditions apply and are subject to change.
About AmeriSave Mortgage Corporation
Founded in 2002, AmeriSave Mortgage Corporation is a leading mortgage lender best known for pioneering the first truly digital mortgage experience to borrowers. With six major loan centers located across the U.S., AmeriSave is a direct-to-consumer lender, Equal Housing Lender, licensed in 49 states and D.C., not licensed in NY; FNMA, FHLMC, GNMA approved. For more information, visit www.amerisave.com. NMLS ID #1168.