On Time. Every Time. No If's, And's, or But's.
Nothing should stand between you and an on-time closing of your loan. Nothing. That’s why at Primary Capital, we promise to close on time and we back it up with a guarantee. If we fall short, we’ll pay your first mortgage payment (principal and interest). No matter how many new regulations arise, no matter what your mortgage payment is or when it’s due, we will stand firm on that promise.
There have been a lot of changes in the mortgage industry. Amid the uncertainty, you want a simple, quick, easily understood mortgage process. We get that. From application all the way through to closing, our team of professionals will smooth the way. Only when you walk away happy will we consider our work done. At Primary Capital, we’re here to serve you swiftly, accurately, attentively. You deserve it.Guaranteed!
Terms and conditions
Terms and Conditions: The following purchase loan transactions are eligible for the ON TIME CLOSING GUARANTEE, subject to the requirements listed: 1. Program applies only to 1st lien position purchase transactions closed and funded with Primary Capital Advisors LC. 2. Buyer must provide Primary Capital with a copy of the original, executed purchase contract including the closing date and all loan documentation within 72 hours of submitting a completed loan application. 3. Buyer must lock an interest rate and completely satisfy all loan requirements and conditions for loan approval a minimum of seven (7) business days prior to the original contractually established closing date. 4. Guarantee is void if: a. Application or loan documentation contains fraudulent information or misrepresentations. b. Buyer’s employment changes during the processing of loan request. c. Buyer or seller move the closing date to a date earlier than stipulated in the original purchase contract. d. A delayed closing is due to buyer’s actions or omissions or is due to the delays from an unaffiliated third party. e. Buyer changes loan terms or loan product after application submission. f. Buyer does not stipulate a closing date in the original purchase contract. g. Delayed closing is a result of inclement weather, a natural disaster or catastrophic event beyond control. h. Buyer’s loan application is submitted less than 30 days prior to the original contractually established closing date i. Buyer has inquiries on final credit report which is pulled within 48 hours of closing. 5. In the unlikely event Primary Capital causes a delayed closing and does not proactively refund payment under the terms of this guarantee, buyer must notify Primary Capital within 90 days of the closing date. Whether buyer is due a refund or not, customer is responsible for making all mortgage payments per loan closing documents. 6. Primary Capital reserves the right to amend or terminate this guarantee at any time, without notice. Eligible purchase transactions under this guarantee that have closed prior to amendments or termination will remain eligible. 7. This guarantee is not a mortgage loan approval guarantee or a commitment to lend and is subject to customer satisfying all underwriting guidelines and loan approval conditions and obtaining an acceptable property appraisal and title report. 8. Certain government loan programs prohibit the lender from making this refund. In those cases, we will make an equivalent donation to the public or private accredited elementary, middle or high school of customer’s choice. This offer is not applicable on bond programs, USDA, or Jumbo loans programs. Offer also not applicable on the FNMA HomePath loan program or on foreclosed properties or Ja property included in a short sale.