As part of our on-going commitment to providing mortgage refinancing options to consumers in an uncertain rate environment, Town & Country has launched a new Mortgage Re-Fi initiative, the first-of-its-kind for a Maine-based lender. The one-time, no lender fee Mortgage Refinance program offers Town & Country mortgage-holders an opportunity to take advantage of lower rates when mortgage rates go down.
David Libby, President and CEO of Town & Country, explained the driving purpose of the new initiative. “We understand that mortgage rates are cyclical and that borrowers are, often times, at the mercy of rates when they take out a mortgage. This new initiative recognizes that, when rates drop, borrowers can request a one-time refinance of an existing Town & Country mortgage and pay no lender fees, a savings of more than $800 on top of the significantly lower closing costs we already offer. We are excited about the benefits and savings that this new, no lender-fee refinancing option will provide to borrowers. This program is certainly unique among Maine-based lenders and most national lenders, as well.”
Libby emphasized that this new initiative is not a limited-time offer and will be available as part of “our regular product offerings.” In addition to the Mortgage Refinance option, Town & Country has a suite of affordable mortgage options including:
- Closing costs that, on average, are $2,000 LESS than nearly every other southern Maine lender;
- Mortgages for as little as 3% down;
- Local servicing on mortgages;
- Fast, local decisions; and
- A variety of other mortgage products available.
“We are aware of the challenges many people face when it comes to buying a home and we believe that affordable housing begins with affordable mortgage options. We are focused on doing all that we can to make home-buying affordable to as many consumers as possible,” noted Libby.
