Ohio CU Offers 'Good Faith Guarantee'
Wright-Patt Credit Union, Inc. has introduced a new mortgage loan "Good Faith Guarantee."
The credit union said that while "mortgage lenders have no legal obligation to honor their Good Faith Estimates at the time of closing, Wright-Patt now guarantees that their members' closing costs will not exceed the original Good Faith Estimate, and if they do, Wright-Patt will pay the difference."
There are some exceptions to the guarantee, including some decisions made by the borrower, as well as certain pre-paid items such as property taxes and homeowner's insurance.
For more information on these exceptions, please visit Wright-Patt Credit Union's website at www.wright-pattcu.com/GoodFaith.asp.