What is the rolldown option?
Our rolldown option allows you to refinance for free*! While the rate is slightly higher, you will pay no fees to get your new loan. In effect, as long as our rolldown rate is lower than your existing rate, it makes financial sense to refinance because there is no cost to do it. *A “rolldown” loan is one in which the lender pays all non-recurring closing costs for borrower. Borrower is still responsible to pay all pre-paid interest, property taxes, and hazard insurance, as well as all other recurring items. Minimum loan amount for the Rolldown is $150,000. Rates assume that borrower will escrow monthly property tax and insurance payments. Return to top. • Should I roll-in my fees? The choice basically comes down to pay now or pay later. If you have the funds now, it makes sense to cover the expenses out-of-pocket and save through lower loan payments and interest costs on a smaller loan. On the other hand, if your budget is currently tight, rolling-in the costs with your loan amount mak
