| Our Guarantee |
Our Guarantee
We guarantee to beat any written
rate and fee structure, or pay you
$500.00.
Best Rate and Fee Guarantee:
Cohen Financial Group guarantees to provide the
lowest interest rate (Annual Percentage Rate) andfees. For this guarantee, Cohen Financial
Group will compare all fees defined as closing costs.
In the event the applicant believes a competing lender has a lower Annual Percentage Rate
and fees combination, the applicant must provide the competing lender’s complete, system-
generated Good Faith Estimate to CFG. The competing lender’s Good Faith Estimate must
include the lender’s name and must be dated the same day that Cohen Financial Group
provided an interest rate and fees quote. In the event that the Good Faith Estimate indicates a
lower Annual Percentage Rate and fees combination for a loan program that is identical to
the one that is being offered by Cohen Financial Group, and Cohen Financial Group has
verified the accuracy of the competing lender’s Annual Percentage Rate and fees, Cohen
Financial Group has the option of either beating the lender’s fees by $50 or paying the
applicant $500 (maximum $500 per loan). Cohen Financial Group will pay the $500 once the
borrower closes the loan with the competing lender and provides Cohen Financial Group with
a copy of the signed Note and final HUD-1 Settlement Statement.
Applicants must complete a credit application so that Cohen Financial Group can assess
credit worthiness in order to determine which loan program, interest rate and fees the
applicants are most qualified for. Odd days interest, impounding escrow accounts are
excluded. Lender comparison must be based on a first mortgage loan with the same terms
and conditions
Our Loan Process
1)Submit completed loan application with all necessary documents
2) Contingency Period (including)
Buyer’s approval of Seller’s Real Estate Transfer Disclosure Statement
Buyer’s approval of Preliminary Title Report
Physical inspections/pest inspections
Property appraisal
Loan placement/approval/underwriting
3) Homeowners Insurance Coverage
Determine with Insurance Company proper coverage
Determine if you need flood coverage
Give insurance agent escrow information. (They will need to order a copy of the policy for the
new lender prior to escrow close.)
4) Signing Documents
Documents will usually be signed at the Title Company
We will ensure the Title Company receives loan documents
You will receive copies of Title documents and Lender documents
You will need to bring a current photo ID to signing
5) Down Payment and Closing Fund
Bring a cashier’s check to the Title Company a few days prior to closing
The Escrow Officer will provide a Buyer’s Estimated Closing Statement, which will itemize
your costs and credits with estimate total monies due.
6) Funding
The lender will send funds to the Title Company
7) Close of Escrow
The Deed will be recorded at the County Recorder’s office by the Title Company. (You will
receive the original back from the County Recorder in approximately six weeks.)
Your Realtor will coordinate the transfer of the key with you!
We guarantee to beat any written
rate and fee structure, or pay you
$500.00.
Best Rate and Fee Guarantee:
Cohen Financial Group guarantees to provide the
lowest interest rate (Annual Percentage Rate) andfees. For this guarantee, Cohen Financial
Group will compare all fees defined as closing costs.
In the event the applicant believes a competing lender has a lower Annual Percentage Rate
and fees combination, the applicant must provide the competing lender’s complete, system-
generated Good Faith Estimate to CFG. The competing lender’s Good Faith Estimate must
include the lender’s name and must be dated the same day that Cohen Financial Group
provided an interest rate and fees quote. In the event that the Good Faith Estimate indicates a
lower Annual Percentage Rate and fees combination for a loan program that is identical to
the one that is being offered by Cohen Financial Group, and Cohen Financial Group has
verified the accuracy of the competing lender’s Annual Percentage Rate and fees, Cohen
Financial Group has the option of either beating the lender’s fees by $50 or paying the
applicant $500 (maximum $500 per loan). Cohen Financial Group will pay the $500 once the
borrower closes the loan with the competing lender and provides Cohen Financial Group with
a copy of the signed Note and final HUD-1 Settlement Statement.
Applicants must complete a credit application so that Cohen Financial Group can assess
credit worthiness in order to determine which loan program, interest rate and fees the
applicants are most qualified for. Odd days interest, impounding escrow accounts are
excluded. Lender comparison must be based on a first mortgage loan with the same terms
and conditions
Our Loan Process
1)Submit completed loan application with all necessary documents
2) Contingency Period (including)
Buyer’s approval of Seller’s Real Estate Transfer Disclosure Statement
Buyer’s approval of Preliminary Title Report
Physical inspections/pest inspections
Property appraisal
Loan placement/approval/underwriting
3) Homeowners Insurance Coverage
Determine with Insurance Company proper coverage
Determine if you need flood coverage
Give insurance agent escrow information. (They will need to order a copy of the policy for the
new lender prior to escrow close.)
4) Signing Documents
Documents will usually be signed at the Title Company
We will ensure the Title Company receives loan documents
You will receive copies of Title documents and Lender documents
You will need to bring a current photo ID to signing
5) Down Payment and Closing Fund
Bring a cashier’s check to the Title Company a few days prior to closing
The Escrow Officer will provide a Buyer’s Estimated Closing Statement, which will itemize
your costs and credits with estimate total monies due.
6) Funding
The lender will send funds to the Title Company
7) Close of Escrow
The Deed will be recorded at the County Recorder’s office by the Title Company. (You will
receive the original back from the County Recorder in approximately six weeks.)
Your Realtor will coordinate the transfer of the key with you!
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