Lower Your Mortgage Rate
Without a Refinance
Save Money | Streamlined Process
No Application | No Appraisal | No Credit Check | No Closing Appointment
You recently received a communication** telling you that you qualify for a mortgage interest rate modification, which would lower the interest rate and payment on your mortgage, and save you money over the life of the loan.
The process is simple:
- Call a PNC Mortgage Loan Officer at 1-855-633-4946 to confirm your interest and discuss details about your savings.
- The Mortgage Loan Officer will send you an agreement to sign, which outlines the details of your interest rate modification.
- You will sign and return the agreement plus the processing fee in the envelope provided.
- You will not need an appraisal, credit check or income documentation. There are no other forms, and no closing appointment.
There is a processing fee for this opportunity, but you will find it’s less than the cost of a traditional mortgage refinance since you pay no other closing costs or fees.
**This offer is only valid for customers who received a communication about this opportunity.
How can you take advantage of this opportunity?
Call 1-855-633-4946 to speak with a PNC Mortgage Loan Officer who will give you details about your rate and payment savings.
Can I just sign and return an agreement, pay a fee and receive a lower interest rate?
Yes. It’s that easy. Once you receive the Modification of Note agreement, simply follow its instructions. Your new, lower rate will be effective a few weeks after we receive the signed agreement and processing fee.
Do I keep making payments?
Yes. You should keep making your regularly scheduled mortgage payments until we notify you of your new payment amount. You will receive a revised billing statement or new coupon book a few weeks after we receive your signed agreement and processing fee.
Will my payment be due on a different date?
No, your monthly payment will be due on the same date.
How do I know when to start making my new payment to PNC?
The new payment will be reflected on your monthly billing statement or, if you use a coupon book, you will receive a new one in the mail instructing you when to make your new payment.
Will I receive a new Account Number as a result of this change?
No. Your Account Number will remain the same.
When do I need to respond to this offer?
Please call PNC BANK at 1-855-633-4946 by the date provided and confirm you want to proceed to ensure you can take advantage of this opportunity.
Is it possible to reduce the number of years of my loan?
No, you are unable to shorten your loan term with this opportunity. If you would like to shorten your term, you would need to contact PNC and go through a traditional refinance.
Is this a refinance?
No, this is not a refinance. You will NOT need an appraisal, credit check or income documentation to take advantage of the offer. This will also not impact your lien position with your first mortgage.
Will there be any changes to my escrow account?
No, there will be no changes to your escrow account, and the rate modification will not impact any required escrow payments.
Why do I have to respond so quickly?
Interest rates change often. We guarantee the interest rate we offered to you, but only until the expiration date.
Will this require a closing?
No. There is no closing necessary, so you do not need to go anywhere to complete this process nor does anyone need to come to your home.
How do I pay the Fee?
We can take your payment right over the phone via credit or debit card, or provide payment information on the Processing Fee Payment Form, along with your signed agreement, in the envelope provided.
Who is eligible for this loan modification opportunity?
This opportunity is only available to those who received the offer communication.
Contact Us
We’re here to help. If you have any questions or need assistance, please call a PNC Mortgage Loan Officer at 1-855-633-4946.
Hours: Mon-Thurs: 8am-8pm (ET)
Fri: 8am-6pm (ET), Sat: 9am-5pm (ET)
Important Legal Disclosures & Information
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PNC, PNC HomeHQ, PNC Home Insight, and Home Insight are registered service marks of The PNC Financial Services Group, Inc. ("PNC"). PNC has pending patent applications directed at various features and functions of Home Insight Planner and Home Insight Tracker. All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal.
©2023 The PNC Financial Services Group, Inc. All rights reserved. PNC Bank, National Association.
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