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We pride ourselves on providing our customers with the
lowest rate as possible. We will Guarantee to beat
your Mortgage Broker’s deal or we will pay you
$1,000.00! Does your broker
offer that?
Submit a competing offer from a Mortgage
Broker in the form of a Good Faith Estimate dated within
10 days of the date that you present the competing offer
to Eagle Mortgage. The offer must show the loan
amount, interest rate, margin, caps, term, origination
and discount points, and all Lender, Broker and third
party fees.
Apply for the identical loan with
Eagle Mortgage. Eagle Mortgage will run your
credit report, pre-qualify your application and make an
offer to you. If we beat the Broker’s offer (and we
will), you must lock your rate with Eagle Mortgage
and put your application into process. If we can’t beat
their deal, close your loan with your Mortgage Broker.
Submit a copy of the Hud-1 Settlement Statement and the
note to us. If you closed according to the terms quoted
in the competing offer, we will send a check to you for
$1,00.00 within 7 days.
Terms and
Conditions
1. The competing offer must
come from a Licensed Mortgage Finance Lender or Licensed
Mortgage Broker.
2. The
competing offer must be dated within ten days of the
date of submission to Eagle Mortgage.
3. Only
one competing offer per applicant.
4. The competing
offer must be on a first mortgage loan product offered
by Eagle Mortgage on the date of submission.
5.
If you close your loan with the Mortgage Broker, your
loan application must close within 21 days of submitting
the qualifying offer to Eagle Mortgage. The terms
of the transaction must be identical to the terms
submitted to Eagle Mortgage as the competing offer.
6. Your application with Eagle Mortgage is
subject to income and employment verification, a
satisfactory title report, appraisal and Underwriting
approval. The appraised value must be the same or higher
than the value estimated provided on the loan
application.
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