Mortgage rates recently plummeted to another all-time low, convincing many to refinance their homes. These rock-bottom rates have caused the average close time to increase exponentially due to the massive influx in applications. With many companies now exclusively working from home, getting ahold of applicants’ employers or HR departments has become a challenge. This delay in approval is giving Loan Officers nationwide a unique opportunity to reach these refi-ready homeowners with a better offer. With lower interest rates, fewer fees, and possibly different repayment terms, the homeowner can start saving money immediately.