An Important Notice From Mortgage Clearing Corporation About Streamline Refinancing         

If you have an existing mortgage with Mortgage Clearing Corporation, your loan may be eligible for a “Streamline” refinance option.  The term “Streamline” refers only to the amount of reduced documentation and underwriting that must be performed.  It DOES NOT mean there are no costs involved in the transaction.

Although costs are less than a full qualifying refinance, Title fees, Recording fees, and Administrative fees should be evaluated before making the decision to streamline refinance your mortgage.

MCC offers 2 streamline refinance options.

No Cost:  This means no expenses to you.  MCC will pay any closing costs that are incurred on the transaction.

No out-of-pocket:  MCC will include the closing costs into the new mortgage amount.  This option is limited to the new loan amount not exceeding the original loan amount.  If you have not paid on a 30 year mortgage for long you may not have enough room to add the closing costs back into the new mortgage.

Basic requirements of a "streamline refinance" are:

• Ø   The mortgage to be refinanced must be current (not delinquent)

• Ø    The refinance is to result in a lowering of your monthly payment

Ø   No cash may be taken out on mortgages refinanced using the "streamline refinance" process.

To Get Started, Compare Your Current Interest Rate With Today's Rates Then Give Us a Call At 918-749-2274 or 800-727-9043.  Ask For Our "Streamline Refinance Department”. 

If you prefer, fill out the form below and one of our refinance specialists will contact you.