The Double-Edged Guarantee
When some companies offer a rebate, they are simply increasing the price of the product to cover that rebate. That's what our "Double-Edged Guarantee" is all about. If we don't offer you the most competitive quote, we will still rebate you $200 towards your home plan costs. By working with Custom Mortgage Services, you are guaranteed the best deal, or you are guaranteed to get paid!
Terms and Conditions of the "Double-Edged Guarantee:
a. Loan amount of <$150,000
b. Loan amount of $150,001-$300,000
c. Loan amount of $300,001-$400,000
d. Loan amount of >$400,000
$500 Rebate
$800 Rebate
$1000 Rebate
$1250 Rebate
b. The better deal will be determined by the amount of lender charges on the Good Faith Estimate, combined with the rate and the construction period.
c. Title charges, Attourney charges, and Governmental charges will not be considered in the equation. Theoretically, these should all be the same, no matter which lender you choose. Please refer to our "Smart Shopper's Worksheet" to have a step-by-step guide to comparing lenders.
d. Custom Mortgage Services, Inc. will not pay any form of rebate if it is determined that the owner is also the builder. There are loan programs for this type of deal, but the rebates and guarantee will not apply.
e. Custom Mortgage Services, Inc. reserves the right to change or alter this rebate program at any time, without prior notice.
If you are able to find what appears to be a better deal on your loan, Custom Mortgage Services has the right to match the deal or beat it. The "best" deal is determined by factoring in the interest rate and closing costs only. If we cannot meet or beat a competitor's deal, we will still pay $200 to the buyer, within 7 days of funding the competing loan. To receive the $200 payment, we will need the following, all of which are easily attainable from the loan officer who closes your loan:
b. A copy of the executed Settlement Statement that matches the deal proposed on the Good Faith Estimate.
c. A copy of the lock confirmation, dated the same day as the Good Faith Estimate we were not able to match.
Relevant Links:
Find out more about our Construction-to-Permanent Loans.
Download our booklet that will answer frequently asked questions about building your home. (You will need Adobe Reader to open this file. It's a free download!)
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Home Plans by Frank Betz Associates.
