Rate & Terms Guarantee

The Rate & Terms Guarantee applies to the following first lien products only: (1) 30 Year Fixed Rate, (2) 15 Year Fixed Rate. The Rate & Terms Guarantee does not apply to second lien products or FHA / VA loans. To qualify for the Rate & Terms Guarantee, within 24 hours of receipt, fax the Good Faith Estimate and the Truth-in-Lending Disclosure Statement from the other lender to 949-459-1533 Attention: Customer Care. A loan consultant will then contact you to confirm if we are able to beat our competitor’s rate and fees by at least $300, and provide a loan price quote. The loan price quote will be based upon a loan with the same terms and conditions as the competitor’s Good Faith Estimate and Truth-in-Lending Disclosure Statement The Truth-in-Lending Disclosure and Good Faith Estimate from the other lender must be accurate and disclose that the combination of the interest rate and discount points and/or lender fees is/are lower than the interest rate and discount points and/or lender fees disclosed in our loan price quote. Notwithstanding the foregoing, our referred lender will not guarantee lower lender fees if the Truth-in-Lending Disclosure and Good Faith Estimate from the other lender disclose that, (i) the quoted interest rate is higher than our referred lenders loan price quote, or (ii) the quoted interest rate is the same as the Our referred lender loan price quote and the discount points are higher than the referred lender loan price quote. We reserve the right to verify that the other lenders rate quote is bona fide by telephoning the competing lender. If our referred lender is unable to offer a loan quote with the same interest rate and points, including fees that total at least $300 less than the other lender’s quote, the loan quoted by the other lender must close on the quoted terms. Within 30 days following loan closing with the competing lender, mail or fax a certified copy of the final Truth-in-Lending Disclosure Statement and the HUD-1 or HUD-1A Settlement Statement to 949-459-1533 Attention: Customer Care. The final Truth-in-Lending Disclosure Statement and Settlement Statement must be accurate and disclose that the loan closed on the terms previously disclosed by the competing lender in its Good Faith Estimate and the preliminary Truth-in-Lending Disclosure Statement. If these conditions have been fulfilled, our referred lender will send you $200 within 21 days of receiving the required documentation. Our referred lender will make all determinations of eligibility and qualification for payment of this guarantee. Its decisions and interpretations of these terms and conditions apply and shall be final, absent manifest error. Our referred lender will not be responsible for system failures or any technical malfunctions of the telephone network, computer online system, computer time and date stamp mechanism, computer equipment, software, or any combination thereof, including lost or unavailable network connections and/or failed, incomplete or delayed computer transmissions, or any damage to your (or any third person's) computer and/or its contents related to or resulting from use of our referred lender website or in connection with any part of this Guarantee. This Rate & Terms Guarantee is subject to revision or revocation at any time without notice. Since market conditions change from day to day, once your rate is locked with us, the Rate & Terms Guarantee is no longer applicable. If rates increase during your rate lock period, we will honor the rate you are locked at. If rates decrease during your lock period, we are under no obligation to deliver you a lower rate unless you have applied for a “Lock and Locate” and “Float Down” loan offered by one of our referred lenders. Only one Rate & Terms claim may be filed with our referred lender within a 12-month period