Lowering the cost of owning a home, especially on financing costs, can make a substantial difference for many borrowers especially those in low-to-moderate income communities, said CBC Mortgage Agency.
Among the measures within our control is the note rate on our portfolio seconds. By meaningfully reducing our rate, more borrowers stand a better chance at qualifying, said Miki Adams, president of CBC Mortgage Agency.
The rate reduction aligns with the company's mission to support families on their journey to homeownership.
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