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Our Guarantees

Scott & Quinn Mortgage Corporation (Scott & Quinn) guarantees to provide the lowest interest rate (APR) and fees and close your loan within 20 days based on the following conditions:

Best Rate and Fee Guarantee:

Scott & Quinn guarantees to provide the lowest interest rate (Annual Percentage Rate) and fees. For this guarantee, Scott & Quinn will compare all fees defined as closing costs.

In the event the applicant believes a competing lender has a lower Annual Percentage Rate and fees combination, the applicant must provide the competing lender’s complete, system-generated Good Faith Estimate to Scott & Quinn. The competing lender’s Good Faith Estimate must include the lender’s name and must be dated the same day that Scott & Quinn provided an interest rate and fees quote. In the event that the Good Faith Estimate indicates a lower Annual Percentage Rate and fees combination for a loan program that is identical to the one that is being offered by Scott & Quinn, and Scott & Quinn has verified the accuracy of the competing lender’s Annual Percentage Rate and fees, Scott & Quinn has the option of either beating the lender’s fees by $50 or paying the applicant $500 (maximum $500 per loan). Scott & Quinn will pay the $500 once the borrower closes the loan with the competing lender and provides Scott & Quinn with a copy of the signed Note and final HUD-1 Settlement Statement.

Applicants must complete a credit application so that Scott & Quinn can assess credit worthiness in order to determine which loan program, interest rate and fees the applicants are most qualified for. Odds day interest, impounding escrow accounts are excluded. Lender comparison must be based on a loan with the same terms and conditions.

20-Day Closing Guarantee:

Scott & Quinn guarantees to close your loan within 20 days of receiving a signed loan application and associated executable loan documentation. In the event that Scott & Quinn is unable to deliver your new loan in 20 days, Scott & Quinn will credit your Scott & Quinn closing costs by $500.

This offer can become null and void in the event that your closing is delayed by circumstances including, but not limited to: undisclosed liens on title, borrower’s failure to submit requested information within four business days of request, or changes to the initial loan application information or loan program due to events such as an inability to verify: the estimated property value, the applicant’s income or the applicant’s assets. This offer becomes null and void in the event the loan is not approved.