FOR IMMEDIATE RELEASE
Aurora Financial Offers On Time Closing Guarantee
VIENNA, VIRGINIA – (September 2, 2013) – Aurora Financial announcing today its exclusive On Time-Closing Guarantee. Our On-Time Closing Guarantee insures Aurora customers close on the scheduled date or they will receive a $1,000 credit towards closing costs. Aurora Financial is so confident that we can provide efficient and accurate service that we guarantee it. There is no better way to show our clients that we value their business than by providing an incentive for peace of mind.
There is always a chance of extreme volatility in the lending industry. According to the Mortgage Bankers Association “interest rates on fixed 30-year mortgages rose for the ninth week in a row to average 4.68 percent in the week ending July 5, 2013” (Reuters). The highest they had been all year.
“The unrelenting surge in interest rates for U.S. home mortgages pushed borrowing costs to their highest level in two years . . . , stymieing demand from potential homeowners, data from an industry group showed . . .” (Reuters). During a question and answer session following a speech on July 10th, Chairman Bernanke, U.S. Federal Reserve chairman, indicated that a highly accommodative monetary policy is what’s needed in the U.S. economy. “Indications of a slowing in the economic recovery also placed downward pressure on mortgage rates, stated Frank Nothaft, vice president and chief economist, Freddie Mac.
Although the market last week had been somewhat uneventful compared to just a couple of weeks ago, one never knows what is just around the corner. There could be a quick return to the highs of earlier this month (or even higher) or there could be a welcome dip. Amid the uncertainty borrowers still want to be assured of a quick and trouble free mortgage. That’s where Aurora’s On-Time closing guarantee comes in. Aurora Financial introduced their closing guarantee to give customers peace of mind in the mortgage process. It gives borrowers the confidence in knowing their mortgage will be closed on time.
About Aurora Financial
Aurora, a leading financial services company, has funded billions of dollars in loans across the United States and serves clients nationwide in more than 18 states and jurisdictions. A Direct DE FHA Lender, Aurora provides a broad range of financial products and services, including consumer banking and credit, corporate and investment banking.
For more information on Aurora Financial, visit www.auroraf.com or call 1-(877) 887-1117.