Gumbeaux’s Guarantee Close Date Service Commitment
Gumbeaux Lending Group will honor all purchase &Refinance transaction close dates from a minimum 21 Calendardays of receipt of sales contract (purchase) & receipt ofappraisal fee (refinance). If we aren’t able to close on-time aspromised/contract close date. Gumbeaux Lending Group will provide a Refrigerator, Deep Freezer or $500 of your choice from Conns Home Plus after closing.Further Rules Contract closing date must be at least 21 calendar days after receipt of a completed mortgage application, supporting documents, and a fully-executed purchase contract. This offer is only available for new, residential first-lien loan applications submitted directly to GLG For any property that receives an initial appraisal subject to repairs/completion, a final inspection will be required. GLG guarantees closing within 3 business days of receipt of a satisfactory final inspection.The $500 cash back will be paid in the form of a check, post-closing or delivery of the appliance. The Closing Guarantee will not apply in any of the following cases:
- Changes to the original closing date documented in the purchase agreement.
- Changes in the loan amount, product, or terms requested within 10 days of closing.
- closing date extensions due to a delay in completion of new construction, improvements, or repairs being made to the subject property.
- failure by either party to meet contract terms and requirements including seller related delays
- Transactions involving Co-ops, CEMAs, or requiring two (2) or more appraisals.
- Delays due to force majeure events including weather, or natural disaster.
- No DPA deals other than Chenoa.
- Delays caused by 3rdparties other than GLG required service providers.GLG reserves the right to amend, terminate, or withdraw the Closing Guarantee at anytime without prior notice.
Gumbeaux Lending conducts its U.S. investment banking and Gumbeaux Lending ISI businesses through Gumbeaux Lending Group LLC, which is a member of FINRA and SIPC.
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