STS Lowest Rates, Points and Fees Guaranteed!

STS Lending is so confident that we have the lowest rates, points and lender/broker fees, that we'll bet $500 that you can't beat it.

The total cost of a mortgage consists of three important factors that you (and STS) can control:

• The interest rate
• The discount points/rebate
• Lender/Broker Fees

There are other government and third-party fees associated with your mortgage, such as taxes, title fees and appraisal fees, but these are normally an unavoidable part of the loan process. Because these fees are set by the government and third-party participants in the loan process, they can be considered to be a fixed cost.

How Our Guarantee Works:

• Apply with STS for a first mortgage loan to purchase or refinance a residence. As long as your interest rate is NOT locked, you are eligible for the "We'll Beat Guaranteed" once your loan has been conditionally approved including a review of your title and appraisal reports, subject to the eligibility requirements below.
• Once you are eligible, you may present us with a timely offer from a competing lender or broker (NO BANKS). This offer must be for the same loan product as the loan for which you applied with STS, and the combination of points/rebate and lender/broker fees must be at least $500 lower than those for the same rate offered by STS. We must receive the competing offer by noon (Standard Eastern Time), so we have a chance to match or beat the competing offer that same day.
• On the same day we receive the competing offer, we will let you know if STS will match or beat the competing offer. If STS does match or beat the offer, you must lock your interest rate with STS that same day. If STS is unable to match or beat the offer and you close your loan with the competing lender according to the terms of their offer, we'll give you $500 once STS confirms those terms.

Additional Eligibility Requirements and Conditions:

• Applicants who have already locked their rate with STS are not eligible for the $500 payment.
• Our "We'll Beat Guaranteed" only applies to Standard Loans (2/28 fix/adj., 3/27 fix/adj., 5/1 arms, and 30 year fixed).
• Competing offer must be:
  • In the form of a Good Faith Estimate confirming rate and terms of a similar loan, dated the same day you present the competing offer to STS. The GFE must show the interest rate, discount points or rebate, and all origination fees and other lender/broker fees.
  • For the same loan program for which you have been approved by STS.
  • For the same interest rate as the loan for which you have been approved by STS.
• Your STS application must be approved, and all approval conditions must be met.
• You must be prepared to lock your interest rate with STS if STS chooses to match the competing offer.
• Third-party and government fees and costs will NOT be considered in comparing competing offers.
• Only one competing offer may be presented per eligible application.
• If STS does NOT match or beat competing offer, once you close your loan with the competing lender, you must provide STS with a final HUD1 Settlement Statement (signed) and a copy of the promissory Note as proof that you closed according to the terms quoted in the competing offer.
• Relocation customers are not eligible for the "We'll Beat Guaranteed"

The above guarantees do not apply to home equity loans. They also will not apply if you do not meet STS's credit lending requirements and your loan is submitted to one of STS's lending partners.

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