UWM Extends Low Rates to 30-Year Fixed Cash-Out Refinances

Rates in 2.5 percent rate range now available to help owners repair, update or upgrade homes as COVID-19 emphasizes improvement opportunities.

PONTIAC, September 9, 2020 – United Wholesale Mortgage, (UWM), #1 wholesale lender and largest purchase mortgage lender in America, today announced 30-year fixed cash-out refinances with rates in 2.5 percent rate range are now available.

Borrowers who have equity in their home can leverage extra cash for a myriad of different opportunities, but the most popular since COVID-19 has homeowners considering home improvement since they are around the house and have more time to focus on what needs to be done to improve their living spaces. UWM introduced this program to help borrowers update, upgrade or repair their homes as the popularity of home improvements continue to surge in America. This product enhancement is the latest deployed by UWM to give borrowers who work with independent mortgage brokers access to some of the lowest rates along with a great experience and fast closings.

“We’re making cash-out refinances with rates in the 2.5 percent range available to borrowers who want to use the equity in their home to make upgrades, updates or repairs as home improvement continues to thrive in America,” said Mat Ishbia, president and CEO of United Wholesale Mortgage. “We’re in this business to help people and that’s exactly what we’re doing by making great rates, service and speed available through independent mortgage brokers.”

The Conquest Cash-Out Refinance product is the latest in a series of releases recently announced by UWM including 30-year fixed with rates as low as 1.999 percent, 15-year fixed mortgage with rates as low as 1.875 percent, Conquest conventional loans offering rates as low as 2.5 percent and Conquest VA offering rates as low as 2.25 percent for both purchases and refinances.

For more information on finding a local independent mortgage broker, borrowers can visit www.FindAMortgageBroker.com.