Colorado Mortgage Company | Colorado Mortgage Rate Quote | Colorado Online Mortgage

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CLOSING COST AND RATE GUARANTY POLICY

You will be sent a Good Faith Estimate based on the parameters you specify, and information you enter into this web site. The estimate will include closing costs that are guaranteed not to be exceeded for refinance transactions in the state of Colorado. For refinances in all other states and all purchases in all states, only section 800 (lender fee section) of the Good Faith Estimate will be guaranteed. All other sections will be estimates based on what is customary for each state or type of loan.

For purchases in Colorado, the seller normally chooses the title company and therefore we cannot predict those fees exactly, but we will estimate those fees based on what is common for the transaction.

Prepaid items, such as property taxes, home owners insurance, HOA fees, etc., will not be included in the initial quote (they can be added later by request) nor are they guaranteed, as they are determined by 3rd parties.

Prepaid interest is determined by the day your loan funds, therefore your actual prepaid interest will be determined by loan funding date.

Interest Rate and closing costs are subject to change if material information changes after the quote is given. For example, if you rate your credit differently than it actually is, or if the loan to value (loan amount vs. property value) differs from the quote, it could affect your rate and closing costs.

Interest Rates are subject to change at any time, and are only secured, once you have locked in the rate. To lock a rate you must supply your social security number, birth date and property address.


 

 

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