$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, and title company fees. 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. Interest rates change every day, sometimes multiple times a day when the market is volatile. That is why you can't compare a quote you got today from one lender to the quote you got on a different day from another lender. Pricing changes can be very substantial from day to day, making one appear to be much better or worse, than a quote from a different day. ALWAYS compare quotes on the exact same day, or you won't get a true and fair comparison.
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. Within 24 hours of locking your rate, you must email us a complete (all pages), unaltered copy of your official locked rate LE (loan estimate), provided by that lender. The locked LE must match the fees sheet or preliminary loan estimate you provided us with the day before. It must state the lender’s name, date, the interest rate, APR, the loan type, term, exact amount of any mortgage insurance, the lock length, and any applicable points/cost or rebate/credit for the chosen interest rate.
3. Closing: Within 24 hours of closing your loan, provide us your complete (all pages), unaltered final, signed CD (closing disclosure) and note from your closing documents. Closing documents must exactly match the original written quote AND locked loan estimate 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, monthly payment, and monthly mortgage insurance (if applicable).
If their original detailed quote, your official locked loan estimate, and your final, signed closing disclosure and note all match, showing the exact same combination of interest rate, fees, monthly payment, and monthly mortgage insurance on each; and you've met the above terms and requirements, we’ll send you a check for $1,000 within 30 days. 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 treat every single client with absolute honesty and transparency. By independently shopping the nation's premier lenders, using our volume discounts as a broker, and having zero junk fees that we add to your costs--LendRight Mortgage delivers tremendous savings to our clients.
Restrictions
$1,000 lowest rate guarantee not offered on all loan types and is limited to fixed-rate conventional, FHA, and VA loans. Guarantee is only offered on identical matching loan types and products offered by LendRight Mortgage.
