Terms and Conditions: Available for qualifying borrowers who have received a As Good As Cash letter of approval. All terms and conditions listed in the As Good As Cash apply. Borrowers’ credit worthiness, employment and financial position must not materially change prior to closing; otherwise, the As Good As Cash and Closing Guarantee become void. The appraisal must be received, and the loan locked, at least 10 days prior to the closing date. The Closing Guarantee is void if the closing date can’t be met for reasons outside of ShayMak Mortgage LLC. These reasons include, but are not limited to: 1) Borrower requested changes (e.g., closing date, loan program or terms, etc.), 2) Delays caused by force majeure events (e.g., weather or natural disaster), appraisal disputes, improvements or repairs to the subject property, completion of new construction, or because items on the title report or credit report need to be removed or cleared, 3) Delays caused by the borrower, the seller or third parties, 4) Delays associated with a condominium project review. If a closing guarantee payout is warranted, the borrower will receive a $1,500 lender credit towards closing costs at loan settlement.
This material is informational only and not an advertisement to extend credit as defined by TILA/Regulation Z nor an application for credit as defined by RESPA/Regulation X. All applications are subject to underwriting approval and determining applicant’s ability to repay. Not all applicants are eligible for or qualify for all loan products offered. All loan programs, terms and conditions are subject to change without notice. Rates and terms are valid as of the date of printing/distribution.