$2,000 Best Price Guarantee

How it works — three steps

1. Provide us with a Loan Estimate so that we can compare.
2. If we are unable to offer a better deal, you will proceed to lock your rate and share the locked Loan Estimate (on the same date) for us to try and beat.
3. If we are still unable to beat the offer, you proceed to close with the competitor. After closing, show us the Final CD within 10 days of the disbursement date and Loan Factory will pay you $2,000.

Full terms & conditions

These are the conditions you must meet to ensure a true apples-to-apples comparison, reproduced from Loan Factory's published terms.

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/property value, loan amount, interest rate, monthly mortgage insurance amount (if applicable), exact amounts for all lender fees, discount points, lender credits/rebates, 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 on the phone.

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 Loan Factory and your chosen lender. Within one business day of locking your rate, you must email us a complete (all pages), unaltered copy of your official locked Loan Estimate provided by that lender. The locked LE must match the fees sheet or preliminary loan estimate you provided us with. 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 10 business days of closing your loan, provide your complete (all pages), unaltered final, signed Closing Disclosure and the “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 confirms they actually delivered exactly what they quoted, and that it was indeed a lower combination of interest rate, fees, and monthly mortgage insurance (if applicable).

4. Superior pricing and claiming your $2,000

If Loan Factory is able to provide you with a better price after you lock with a competitor and before the day you close with them, and you choose not to accept that superior pricing, you will not be eligible for the $2,000 Best Price Guarantee.

If Loan Factory is unable to provide a better price before you close with a competitor, and the original detailed quote, your official locked Loan Estimate, and your final signed Closing Disclosure and Note all match — showing the same combination of interest rate, fees, and monthly mortgage insurance — and you have met the above terms, Loan Factory will send you a check for $2,000 within 30 days.

Restrictions

The $2,000 Best Price Guarantee is an offer of Loan Factory, Inc. (Company NMLS #320841), not of Total Trust Home Loans. Gerhard De Beer originates loans through Loan Factory, and the guarantee is administered and paid by Loan Factory under the terms above. Full terms are published at loanfactory.com/best-price-guarantee.

Start a comparison

Bring me a written quote and I will run yours the same day. If we cannot beat it, you may end up $2,000 better off for having asked.