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We have seen NO other lenders offer our Guarantee. It is not a rate guarantee -- rate guarantees are usually USELESS
and designed just to hook borrowers.
If you read the fine print on most lenders rate guarantees you will see that the
only way you can collect is to already have an APPROVED loan elsewhere, then if the advertising lender cant match their rate
they will usually give you two hundred dollars or so. You must provide the approval and all paperwork from the existing lender
as proof.
First of all, why would you want to SWITCH lenders at the end of your closing for two hundred dollars? You
need a new credit report, a changed appraisal and up to two more weeks. Believe me -- very few lenders EVER have to make good
on rate guarantees.
Our guarantee is about OUR FEE. AT the end of escrow you determine our service score from 50 to
100. If you believe we deserve 100% of our fee, thats what we keep. If you think its only 50% or anything inbetween, that's
what we keep. Its up to your honor. We are sure that most people are honest and won't take advantage of this guarantee just
to beat us on the fee.
Have you ever seen ANY lender offer this? I'll bet no. Marvin Von Renchler
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