0.25% Exclusive Rate Reduction
LeverEdge asked for information from each lender to estimate the rates and terms that each member could reasonably expect to receive if the lender was selected. Once lenders submitted the necessary information, we developed a model to evaluate:
We are unable to share the actual bids we received or the names of the lenders that submitted bids. Fewer lenders would be willing to submit bids in the future if we were to reveal the names of the lenders that did not win. Secondly, we sign non-disclosure agreements with most lenders and the proposals from lenders are typically confidential information.
LeverEdge Members receive an exclusive rate reduction of 0.25% compared to borrowers who directly go to Earnest.
The specific rate you receive will depend upon a wide range of factors. Our analysis of each lender's bid suggests Earnest's rates will be the best for a large share of LeverEdge Members.
Rates include auto-pay discount and LeverEdge Member discountAccess the Negotiated Deal
We expect the vast majority of LeverEdge Members will receive the best rates from the LeverEdge + Earnest partnership.
|Rates Starting At||Fixed||Variable|
|Earnest + LeverEdge||3.11% +||2.16% +|
|Earnest||3.36% +||2.41% +|
|SoFi||3.49% +||2.43% +|
|CommonBond||3.69% +||2.46% +|
|WellsFargo||3.99% +||3.75% +|
|Credible||3.39% +||2.80% +|
|Citizens Bank||3.89% +||2.93% +|
|EDvestinU||4.53% +||4.51% +|
|ELFI||3.39% +||2.80% +|
|PenFed||3.87% +||3.05% +|
The information above was compiled for the following sources:
LeverEdge Members can get a rate estimate in under 2 minutes, which won't affect their credit score or put them under any obligation.
Choose the loan term and monthly payments that fit your needs. No need to select from pre-determined options like 5, 7, or 10 year loans.
Earnest has no prepayment, origination, disbursement, or other fees. You have the freedom to pay down your loan faster than the repayment schedule.
Earnest services their own loans. LeverEdge Members have access to their on-site customer support team for the life of their loan.
If you have been shopping around, you can use our calculator to compare different offers that you have received including the negotiated deal from Earnest.
|Option||Interest Rate||Loan Term||Monthly Payment||Total Payments|
|Enter your first option to see more information|
|0.25% exclusive rate reduction for
|0.25% rate reduction for auto-pay|
|No application or origination fee|
|No early repayment penalty|
Based on the surveys of LeverEdge Members in the Spring 2019 Refinance Negotiation Group, we believe that a vast majority of LeverEdge Members meet the eligibility criteria for Earnest Refinance loans. The following information has been copied from: https://www.earnest.com/eligibility for your convenience.
LeverEdge Association is not an advisor
LeverEdge Association's services are only administrative. LeverEdge Association does not endorse or recommend the products of any particular Lender. Except as otherwise provided for your state, LeverEdge Association is not an agent of you or any lender. You should rely on your own judgment in deciding which available loan product, terms and Lender best suit your personal financial requirements.
LeverEdge Association does not discriminate
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The agency that administers compliance with this law varies by lender depending on its lending authority, but may include the Federal Trade Commission, Equal Credit Opportunity, Consumer Response Center, Washington, DC 20580 or at 1-877-FTC-HELP (1-877-382-4357); TDD 1-866-653-4261; or at www.ftc.gov.
LeverEdge Association is not a creditor
LeverEdge Association DOES NOT take mortgage, student loan, or refinance loan applications, originate, service, make loans or credit decisions in connection with loans, nor does LeverEdge Association issue commitments or lock-in agreements. Any loan inquiry you submit is NOT an application for credit. Rather, it is an inquiry to receive conditional loan offers from Lenders. You may have to complete an application with a Lender before they will extend an unconditional offer.
How LeverEdge Association makes money
LeverEdge Association sometimes earns a sales commission or advertising fee when we share a product or service with you and you choose to use the same. Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns. Please do your homework and let us know if you have any questions or concerns.
Other Disclosures (if any)