Fremont Bank Unveils Smart Rate Mortgage Program

The program helps homeowners refinance their homes.

From Fremont Bank

Fremont Bank, a leading full-service community bank in Northern California, today unveiled a new flat fee mortgage product that will empower more homeowners to refinance their homes. 

Among other things, the Smart Rate Mortgage gives more homeowners access to lower interest rates, further strengthening the bank’s competitive position as one of the state’s premier residential lenders.

“Expensive closing costs associated with mortgage loan agreements vary from loan to loan and often exclude responsible individuals from homeownership, refinancing or significant mortgage savings,” said Brad Seibel, director of residential lending. 

“With our Smart Rate Mortgage, clients seeking to refinance their current homes can pay a flat fee to access some of the best interest rates available.  In the near future, we also hope to offer our Smart Rate Mortgage to home buyers,” Seibel continued. 

In purchasing or refinancing a home, homeowners must often pay fees or points to access lower interest rates.  Fee and points programs are based on several different factors and make overall costs difficult for homeowners to compare with other mortgage solutions.

With a Fremont Bank Smart Rate Mortgage, more homeowners will be able to choose from more affordable refinance options and know exactly how much the loan will cost.

Seibel noted that Fremont Bank is able to provide the Smart Rate Mortgage because it’s a direct lender.

“Unlike other banks, we don’t use middlemen.  We work directly with clients to find the mortgage that best meets their needs, do all the financing in-house and pass the savings on to our clients,” Seibel said. 

 In recent years, Fremont Bank has become one of California’s top mortgage companies for loan originations and funding. 

The bank will approach $7 billion in residential funding this year—nearly double last year’s record figure of $3.9 billion— and was recently recognized by Mortgage Executive Magazine as the 10th Best Mortgage Company in the United States for private lenders. 

About Fremont Bank 
Fremont Bank (www.fremontbank.com) is the leading full-service community bank in Northern California.  Founded in 1964, Fremont Bank is one of the oldest independent family-owned and managed banks in the region and focuses on personalized service for individuals and businesses. It serves communities through 18 branches and seven additional ATMs throughout the Greater Bay Area. Exceptional client service is the cornerstone of Fremont Bank’s business. Accommodation of customer needs in a friendly, personal atmosphere characterizes Fremont Bank’s culture.


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