General World News

UWM initiates 100 bps discount for conventional rate-and-term refis 

United Wholesale Mortgage (UWM) announced Wednesday that it’s allowing its broker partners to offer a temporary discount of 100 basis points (bps) for conventional rate-and-term refinances. The discount is valid on new loan locks through March 29. 

It’s not the first time that the Pontiac, Michigan-based lender has encouraged borrowers to refinance their loans. In December, the lender offered a discounted rate on some government loans that is valid until Jan. 31. 

The new initiative, dubbed Refi 100, “aims to help independent mortgage brokers who work with UWM create their own refinance boom and grow their details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com