$1,000 Lowest Rate & Fees Guarantee
If you close a loan with any lender for a lower combination of interest rate, fees, and monthly mortgage insurance—we’ll send you a $1,000 check.
We’ve seen it all. Lenders who advertise artificially low rates, but hide the fact that they have a ton of junk fees, or that you'll have to pay origination fees and/or discount points totaling thousands. Honest banks, credit unions, and mortgage companies will not guarantee they have the lowest rates and fees, simply because they don’t have the lowest rates and fees--and they know it.
LendRight Mortgage stands unafraid to offer our LendRight $1,000 Lowest Rate & Fees Guarantee. We want you to shop around and compare us to any lender out there. We’ve done our homework and shop the competition regularly. As independent Draper Utah mortgage brokers who lend across the entire state of Utah, we shop our premier network of wholesale lenders to find you the absolute lowest combination of rate and fees. In addition, we also simply charge less and make less on every loan. We have zero junk fees. What we lose in margin on each deal, we make up for in volume. We have a unique, low-cost business model. These are the reasons we have such rock-bottom rates and fees and why we confidently offer our $1,000 Lowest Rate & Fees Guarantee.
Terms & Conditions
If you close a loan with any lender for a lower combination of interest rate, fees, and monthly mortgage insurance—we’ll send you a $1,000 check.
Here are the conditions you must meet to ensure you’re getting a true apples-to-apples comparison, and everyone is playing on the same honest, transparent playing field:
1. Quote: Provide us an official, detailed, written competitor’s quote. Quote detail must show: lender’s name, date of the quote, loan type, term, purchase price, loan amount, interest rate, monthly mortgage insurance amount (if applicable), exact amounts for all lender fees, discount points, lender credits, and exact amounts for all third-party charges for appraisal, credit report, title company fees, prepaid items, etc. You must provide us with the quote the day they give it to you, and then obtain a written quote from us on that same day, and allow us to go over the quotes with you via phone or in person.
2. Rate Lock: Inform us you’re going with the other lender and lock your rate the same day you get the written quotes from both LendRight Mortgage and your chosen lender. You also must email us your official rate lock form or the locked rate LE (loan estimate), provided by that lender, within two calendar days of locking your rate with them. The rate lock or LE form must state the lender’s name, date of the lock, the interest rate, the loan type, term, amount of any mortgage insurance, the lock length, and any applicable cost or credit for the chosen interest rate.
3. Closing: Within three calendar days of closing your loan, provide us your final, signed closing disclosure and note from your closing documents. Closing documents must exactly match the original written quote and rate lock they provided you, and that you gave to us. This will confirm they actually delivered exactly what they quoted, and it indeed was a lower combination of interest rate, fees, and monthly mortgage insurance (if applicable).
If their original quote, your official lender rate lock, and your signed closing disclosure all match, and you've met the above terms and requirements, we’ll send you a check for $1,000. There are a lot of smoke and mirrors tactics employed by lenders who cannot, and will not, deliver you the lowest combination of rate and fees. They use bait and switch tactics. We do not. We disclose everything and treat every single client with absolute honesty and transparency.
Restrictions
$1,000 lowest rate guarantee not offered on all loan types and is limited to fixed-rate conventional, FHA, VA, and USDA/Rural loans. Guarantee is only offered on identical matching loan types and products offered by LendRight Mortgage.
