About Our Guarantees

Your interest rate on your loan is guaranteed. You will sign a document that guarantees your rate through the closing date. This form is called an Interest Rate Lock in Agreement. If your loan is approved, the rate that you have been quoted is the rate that you will get. No Changes, No Surprises, Guaranteed. If your loan is denied for any reason, you will be notified prior to closing and have an opportunity to re-lock the loan in the event that we need to make a change to the terms or program to get you approved.

Again, no surprises. If your loan is approved, you will receive the terms that were quoted to you on the Interest Rate Lock In Agreement. No Changes, No Surprises, Guaranteed. If your loan is denied for any reason, you will be notified prior to closing and have an opportunity to re-lock the loan in the event that we need to make a change to the terms or program to get you approved.

The closing costs that are quoted to you on your Good Faith Estimate WILL NOT change. If our estimate says that you will bring $5,000 to the closing, you will bring $5,000 to the closing, not $5,600. (This guarantee excludes any realtor fees or association dues, however, we will make every attempt to accurately estimate these fees).

The Closing date should NEVER move. We do not move closing dates. We will NEVER call you and say we need a few more days. This guarantee specifically applies to purchase transactions only. We will make every attempt to keep the scheduled closing dates for refinances; however, market conditions may affect this ability.

We can guarantee this because we DO NOT table fund most of our loans. That means that we send the money and we do the documents. Therefore, we control when they arrive at the Title Company for your closing. There is nothing more frustrating than sitting and waiting for the lender to “send the money” or “send the documents”. This guarantee does not apply to brokered loans. Your will be notified prior to closing if your loan is a brokered loan

If you have any specific questions about our guarantees,
call us direct @ 612-636-6380 or e-mail me at jason@mnloanstore.com