Feb 13 2024

Rates aren’t forever. Your home is.

Rates aren’t forever. Your home is.
Rates aren’t forever. Your home is.

Buy your dream home today, refinance for a better rate later. Learn more about Academy’s 5-year refi pledge.

Are you eager to buy a house but unsure about taking on a higher rate? This might help you sleep better at night. You can buy your dream home now and use Academy’s 5-year refi pledge—available for a limited time—to refinance to a lower rate later.

Why use our refi pledge?

Right now, rate concerns are holding many homebuyers back. 

If this sounds like you, it may help to know that: 

  • Over the next year, home prices are expected to rise. This means that the home you love today could cost more in a few months’ time.
  • Mortgage rates are expected to go down. While no one can provide exact predictions, many housing authorities believe rates have peaked and may soon decline.

Academy’s refi pledge gives you the chance to secure your dream house now—before home prices rise any higher. And if rates drop in the next five years, you can use this exclusive pledge to refinance to a lower rate and help reduce your monthly mortgage payment.

Getting a chance to begin Building Prosperity is another benefit of buying sooner or buying a second house. Homeownership has been proven to have long-term financial benefits, and it has multiple non-financial benefits too. Personal and community pride, security, autonomy, and feeling of success could all be gained from becoming a homeowner. Homeownership can also be a reliable hedge against inflation.

How does the refi pledge work?

To use Academy’s refi pledge:

  • You buy a primary home, second home, or investment property through Academy using an eligible loan (Conventional, FHA, VA, or USDA) by XXX.
  • You receive a pledge to refinance the same property with Academy within five years of the purchase date, if and when rates start to decline. When you refinance, you pay NO LENDER FEES.

Academy’s refi pledge has the potential to save you thousands of dollars, depending on your loan amount. This doesn’t factor in the future savings of lowering your mortgage rate. When you’re ready to refinance, your Academy Loan Officer can give you a better idea of how much you may save over the life of your mortgage.

The best part? You can use Academy’s refi pledge toward any loan costs when you refinance—potentially covering any and all closing costs and prepaids. As a homebuyer in today’s market, this gives you one less thing to worry about. You can buy a home you love with confidence, knowing that you have a pledge waiting if rates start to decrease. Note that this pledge can only be used once for the home you purchase.

Keep the house. Exchange the rate.

We’re here to help make your dreams of homeownership possible. If you’re ready to buy your first home, second home, or an investment property, the time may be right. Get in touch to find out how to reduce the risk of buying a home in today’s market and use Academy’s refi pledge to your advantage. 

Please consult a trusted professional as personal circumstances may vary. No specific results are guaranteed. Not all applicants will qualify.