Meet a client who now has 100,000 reasons to smile.
Arokiaraj (Raj) is a busy father of three, and hen owner, who lives with his wife and kids in Merced, California. Raj had a 30 year loan with private mortgage insurance (PMI) on his 5 bedroom 3 bathroom home. After 5 years of making steady payments, he had the opportunity to remove the PMI by refinancing. His primary objectives were to get the best rate and lowest closing costs he could. Raj did his homework on a comparative rate website and found Clara Lending to meet his objectives. Soon, one of Clara’s Loan Specialists, Stan, reached out and they struck a chord.
“Clara’s rate was good. I shopped around and Clara was able to beat what others quoted. Stan was very friendly and a good communicator.”
Once Raj was happy with his pricing, he provided documentation via Clara’s secure online portal. He appreciated the security and convenience.
“I was really glad not having to email all my sensitive financial documentation around. Uploading to the online portal was really easy. It was a very smooth process overall.”
Raj was able to remove his PMI payment and shorten his term to 20 years, saving him nearly $100,000 on interest on the life of his loan. Raj is looking forward to the day when he has no mortgage payments and is glad that day will now be a full five years earlier. We are glad we could help Raj achieve his goals.