Loyalty is more than just a word to 1st Veteran Mortgage Inc… it’s a passion… and it’s the guiding principle behind 1st Veteran Mortgage Inc’s foundation. The team at 1st Veteran Mortgage Inc would like to take the opportunity to explain the many benefits you can expect as a client of the Loyalty Program. You will have full access to the same trusted individuals who helped you with your original transaction. During the servicing of your loan, we will monitor the market rates on your behalf to make sure that you are not paying more for your home than you should. Once a lower rate is available to you, we will contact you and notify you. The best part is you don’t have to provide any documentation to initiate the process.
We believe in maintaining long-term relationships and we understand that you have the option to work with many other lenders. For this reason, our Loyalty Department helps ensure that you benefit from the lowest possible rate with the most favorable terms. In return, we benefit from being able to retain your business. This program is not only intended to help protect your financial interests but to make the overall experience easy and even enjoyable.
Provides our borrows with a beneficial loan program.
Borrower(s) are automatically enrolled in the loyallty program once your first loan funds.To become eligable, borrower(s) must make a minimum of 3-6 payments on the new loan.
1st Payment is made towards the mortgage.
The enrollment of the Loyalty Program continues and the borrower(s) is provided with monthly updates from the Loyalty Department.
2nd Payment is made towards the mortgage.
The Loyalty Department prepares for the analysis of the borrower’s load to explore their new options.
3rd Payment is made towards the mortgage.
Once a lower rate is available to you, we will contact you and notify you. However, at anytime borrower (s) may contact the Loyalty Department for an update
We will start the Loyalty Process.
Eligibility for the Loyalty Program Officially begins, Borrowers can expect to sign their final loan documents in the presence of a notary in as little as 14 days.
Borrower accepts new terms of their mortage program provided by the Loyalty Department and ensures additional savings.
The borrower is once again enlisted into the Loyalty Program.
We want you to always get the most out of every thing yo do with us,that is why there are so many options and benefits that may be available to you once enrolled into your loyalty program.
Lower your current interest rate at no additional cost and move into something a little more comfortable.
Options to keep your loan term exactly where it is currently
Work with the same trusted experts that helped you with your original loan
Lower your current monthly payment and possibly save hundreds.
No lender fees and no finance charges added to the principal balance
No additional documentation needed as we already have most documents on file
Potentially defer up to 2-months of your mortgage payments.
We will monitor interest rates on your behalf
What does the Loyalty Loan Program mean for me?
This sounds too good to be true. Why does 1st Veteran Mortgage Inc offer the Loyalty Loan Program?
1st Veteran Mortgage Inc transferred the servicing of my loan to another lender, does this mean that I am no longer eligible for the loyalty program?
My current servicer offered me a lower rate with no costs, is this the same offer as the Loyalty Program?
Are there any costs with the Loyalty Program?
How long do I have to wait before my eligibility for the Loyalty Program begins?
Can I possibly lose my eligibility for the Loyalty Program?
If I am offered a rate reduction under the Loyalty Loan program will I have to start the entire process of refinancing again?
Who will be my point of contact during the process of my Loyalty Program?
Is my eligibility under the Loyalty program a one-time usage?
Can I call the Loyalty Department at 1st Veteran Mortgage Inc to see if I qualify for a rate reduction?