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Why Should You Make an Extra Mortgage Payment?
is now Real Genius.
$5,000 saved on average in lender fees compared to the top 5 lenders*
Great rates and fast closings
Trusted by 50,000+ homeowners
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Don't worry we've got the tools to help.
No hassles. No hurdles. You see what we see 24/7 on any device.
It's not just our low rates and charming personalities.
How? We invest in technology that helps us fund loans fast and keep our expenses low which allows us to pass the savings on to you.
We can potentially save you up to $5,000 in lender fees compared to the top 5 lenders in the nation. We accomplished this by having an incredible loan team and efficient technology. What could you do with $5,000?
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Most people focus just on the payment and the rate. Smart money looks at the entire financial picture and figures out how to best leverage the cash, including the total cost of the loan.
No matter what we've got you covered.
Make a homebuying offer that counts
Get pre-approved in as little as 15 minutes
A lower rate doesn’t always mean a lower cost.
Spot hidden fees
Decipher complicated jargon
Know what you’re paying for
Get an option that works for you
Why Should You Make an Extra Mortgage Payment?
Four Common Mistakes First Time Homebuyers Make, and How to Avoid Them
How Debt-to-Income Impacts Buying a House
How to Protect Your Personal Data When Applying for a Mortgage Online
Increase Your Odds of Getting a Home Loan as a First-Time Homebuyer
Inexpensive Ways to Spruce Up Your House
Low Mortgage Rates Can Make Your Dream More Affordable
Mortgage Rates are Dropping: Should You Refinance a Home?
We appreciate your interest in Real Genius.
Due to current market conditions, we are not accepting any new loan applications at this time.
Regular operations will be resuming shortly, so please check back soon.
Thank You!
Real Genius helps people save, on average, $5,000 on lender fees alone compared to top 5 lenders in the United States
Source: Average savings is based on the rate and terms published on the websites of the top 5 US Retail Lenders websites or where posted rates and terms are available and is based on a direct comparison of the same terms and conditions posted for Purchase or Refinance on the date indicated.
Assumptions:
$5,000 average savings is based on a comparison of the top 5 retail lenders in the United States according to the 2019 MBA HMDA Data from the top 100 Mortgage Lenders. The savings is calculated using a Real Genius direct comparison to each lenders published Rate, Term, Credit, Points, Lender Fees, LTV/Down payment, Occupancy, Credit, etc. using our 3-year average loan amount of $350,000.
The average savings is based on a side-by-side comparison of the total points and lender fees charged to the borrower for the rate and terms posted on the date the comparison was made, plus any lender credits. Lender fees means any fees collected by the lender for the rate and terms being offered. That includes, but is not limited to origination fees, processing fees, underwriting fees, points, application fees or any other fees required for the customer to obtain the loan terms being offered.
Example:
For illustrative purposes only, this is an example of how we compare the RG savings on a $350,000 loan with the same rate and terms on any given day.
Lender 1: 1.00 Point = $3,500 + $1,250 Processing Fee Cost to Borrower = $4,750.00
Real Genius: 0.50 Credit = ($1,750) + $675 Origination Fee Credit to Borrower = ($1,075.00)
Total Cash Saved in Points & Lender Fees = $5,825.00
Note: As of 2/1/2022 on a Purchase we’d save our customers on average $7,475.00 in points and fees over the top 5 lenders in the United States
Note: As of 2/1/2022 on a Refinance we’d save our customers on average $8,761.00 in points and fees over the top 5 lenders in the United States
Based on our comparison and combining Purchase and Refinance to obtain the average, the actual average as of (2/1/2022) is $8,118.00. More than the claim we are making. Top 5 Retail Mortgage Lenders Based on 2019 Mortgage Bankers Associations HMDA Data (Most Recent Available). (Link to HMDA Data)
Real Genius is so fast and efficient their costs to make a loan are almost HALF the national average!
Our claim is Based on the Mortgage Bankers Associations (MBA) 2020 Annual Performance Report using 2019 data (most recent published) and is a direct comparison to our 2015-2020 Total Production Expense (AKA Cost to Originate) compared to the national average on page 7, chart 4 of the report. (Link to Report) Our cost to originate average over the last 6 years, provided below, was pulled directly from our historical financials.
Direct Expense – Cost To Originate Comparison By Year (47% Lower Cost Avg.) |
|||||||
Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 6 Year Avg. |
MBA Avg. | $7,046 | $7,209 | $8,082 | $8,278 | $7,535 | $7,640 | $7,632 |
RG | $3,172 | $3,236 | $3,602 | $3,978 | $4,703 | $5,462 | $4,026 |
55% | 55% | 55% | 52% | 38% | 29% | 47% |
Why did we change our name?
As we continue to invest in sophisticated technology to make home financing easier, faster and cheaper for you to make smart decisions, we wanted our brand to reflect that fact. Our goal is to empower you – the real genius.
I have a loan in process, will this impact me?
There will be no impact to your loan, and you’ll still be working with the same great team.
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