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Who are we
What is a frogLOAN.com™
Why does frogLOAN.com™ recommend a no closing cost mortgage
Why take a frogLOAN™
Do I need to qualify when I go through the frogLOAN™ strategy again?
Are there truly NO closing costs
Will my balance increase
If rates go down further, can I go through the frogLOAN™ again
Who are we
The frogLOAN™ program is brought to you by a team of consumer oriented, experienced mortgage professionals who have been properly educating consumers on closing costs since 1992. We have designed a program that helps you, the home buyer and current homeowner, save money and continue to take advantage of the economy when rates drop further.
The frogLOAN™ program was designed to provide you with a simple, 'win-win solution', to save you valuable dollars now and provide you an efficient vehicle to reduce your mortgage interest in the future.
frogLOAN.com™ is an independently owned and operated company based in McLean, Virginia. The company seeks to provide content and mortgage related education to the consumer as an aid to help save assets, reduce debt and increase savings.
Disclosure: All loans subject to credit approval and property appraisal. Programs subject to change without notice.
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What is a frogLOAN.com™
A frogLOAN™ is a mortgage management program where you can have far greater control over your mortgage than ever before because you are educated on how to lower your interest rate and or switch loan programs without paying closing costs.
The frogLOAN™ strategy applies to conforming, jumbo, FHA and VA loans.
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Why does frogLOAN.com™ recommend a no closing cost mortgage
Most consumers receive the wrong information when it comes to how long it takes to recoup closing costs. We know that we can not predict the rates, however, we do know that they cycle up and down. At frogLOAN.com™ we educate you properly on the time it takes to recoup closing costs and where interest rates are in the normal economic cycle. We recommend the frogLOAN™ because it is the best strategy to use to finance your home.
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Why take a frogLOAN™
The frogLOAN™ program allows you to lower your interest rate with No Points! No Closing Costs!! No Kidding!!!
Rather than charge you points and closing costs that can add thousands of dollars to your loan, we offer you the strategy to lower your monthly payment with no points and no closing costs when interest fall. It is our goal to keep your loyalty by earning it!
Get the Jump on Saving!! It makes perfect sense!
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Do I need to qualify when I go through the frogLOAN™ strategy again?
It depends on your loan. If you have an FHA loan there is generally no new income, assets, or appraisal verification.
For conventional loans you will need to go through the normal refinance process to lower your interest rate, however we already have your information and it typically just requires updated paystubs, bank statements and value certification. It's that simple!
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Are there truly NO closing costs
Yes! Closing costs are normally associated with a refinance. Closing costs on a typical refinance can range from $2000-$20,000 and more. We call that the OLD Way.
Welcome to the NEW Way! The No Closing Costs frogLOAN™. We pay your closing costs for you, which means if you can lower your rate there are no closing cost to recoup.
Certain restrictions apply. Call for details.
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Will my balance increase
No. When you lower your interest rate under thefrogLOAN™ your balance will not increase provided you bring your normal mortgage payment to the closing and the cost associated with setting up your escrows for taxes and insurance (you will get your old escrow back after closing).
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If rates go down further, can I go through the frogLOAN™ again
YES! That is one of the greatest advantages of the frogLOAN™ mortgage managment program. You can go through the frogLOAN™ strategy as many times as you want provided you meet the conditions in the frogLOAN™ parameters (see frogLoan™ Parameters)
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