Rhino Lending will guarantee to have delivered you with the Lowest Cost Loan of any lender or pay you $500.

Eligible Applicants

Any application for which you have locked in a loan through Rhino Lending's online loan exchange. This guarantee applies to all first lien products and does not apply to second or third lien products.

How Does this Guarantee work?

We are so sure that you will get the lowest cost mortgage through Rhino Lending's online loan exchange, that if you find a better offer within 24 business hours of your lock we will beat it by $100 or pay you $500.

To qualify for the guarantee you must fax to 815-455-5557 the Loan Application, Good Faith Estimate, the initial Truth in Lending Disclosure Statement, and state compliant lock agreement from another lender which is dated within 24 hours of your Rhino Lending rate lock.

The Good Faith Estimate, initial Truth in Lending Disclosure Statement and lock agreement must be accurate and based upon a loan with the same terms and conditions, including interest rate, closing costs* and lock expiration period, as your Rhino Lending rate lock. For Adjustable Rate Mortgages (ARMs) the rate, term, margin, index and interim and lifetime caps must also be identical. Rhino Lending reserves the right to verify that the offer is accurate.

In the event that Rhino Lending is unable to beat the competing offer by $100, you must fax a certified copy of the fully executed note, HUD-1(A) Settlement Statement and final Truth in Lending Disclosure within 15 days of your closing with the competing lender to 815-455-5557. Rhino Lending may take up to 60 days to process the check.

The note, HUD-1(A) Settlement Statement and final Truth in Lending Disclosure must be accurate and match the terms and conditions, including lock period, of the documents presented for the Worry Free Shopping guarantee.

Rhino Lending will make all determinations of eligibility and qualification for payment of this Guarantee at its sole discretion. The terms and conditions of the guarantee are subject to change or revocation by Rhino Lending at any time without prior notice. Rhino Lending is not responsible for system failures, communication problems, failed, incomplete or delayed transmissions, time and date stamp mechanism errors, technical malfunctions of any Rhino Lending equipment, any combination thereof, or other unforeseeable events beyond the control of Rhino Lending.

*Closing Costs include the following fees: application, appraisal, credit report, document preparation, flood certification, processing, tax service, underwriting, and prepaid finance charges as defined under the Truth in Lending Act.