has announced the launch of the JumpStart Pre-Approval Program with Rate Assurance, providing an added level of security for homebuyers who haven’t found a specific property and want to take advantage of securing the lowest rate when beginning their search.
The Norcom JumpStart Pre-Approval Program allows a potential borrower to tackle the loan process before they even start house hunting. Every JumpStart Pre-Approval is reviewed by an underwriter to prepare them for success and gets them closer to finding the right home. With the added Rate Assurance, a borrower is able to lock in their rate for up to 90 days. When a contract is submitted, if rates go up, their initial rate is guaranteed. If rates drop, they get the lower rate.
“The program is meant to enhance the consumer experience,” said Norcom Mortgage Executive Vice President of Sales James Morin. “We want our borrowers to feel a heightened level of security and an ability to shop confidently. We know that buying a home can be a stressful time, and we want to take some of that burden off their shoulders. Our JumpStart Pre-Approval with Rate Assurance is a win-win for everyone.”