10K Guarantee Disclaimer

While RWM Home Loans is confident in closing, extenuating circumstances may cause delays or challenges outside of RWM Home Loans’ control. If delays or challenges are not within the control of RWM Home Loans, the payment to the seller is then null and void. Such circumstances include, but are not limited to: (1) Acceptable appraisal not received at least 7 days prior to the scheduled close; (2) Acceptable purchase terms and title report not received at least 7 days prior to scheduled close; (3) Eligibility due to required repairs or HOA documentation; (4) Delays due to seller, and/or escrow not providing required items; (5) There can be no material change to the borrower’s application information used for approval. Any negative change to the borrower’s application such as job loss or new credit could result in cancellation of guarantee; (6) In the case of a contingent sale, the guarantee is void if the contingent sale does not close. The $10,000 Guarantee cannot be issued for brokered loans, investor-underwritten loans, reverse mortgages, and any loans requiring down payment assistance. This in no way constitutes an agreement between the seller and RWM Home Loans. The seller cannot require the buyer to use RWM Home Loans as their lender and the buyer is free to shop other loan services. Credits the buyer receives cannot exceed actual closing costs.