Mortgage Monkey FAQs

What is the DM Advantage Earnest Money Guarantee?

I believe it is critical for an Approval Letter to have teeth. Directors Mortgage stands behind our Approval Letters and offers a financing guarantee of up to $5,000. Examples of where this could come into play:

  • Unforeseen job termination
  • A last-minute judgement pops up
  • A last-minute collection pops up
  • The Home doesn’t appraise and parties can’t come to terms
  • The death of one of the borrowers

What is not covered

  • Termination of the contract for any other reason besides financing including the inspection contingency
  • If any party changes their mind about buying or selling

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The content of this page is intended as general and informational messages for Real Estate Professionals and Gold Star Borrowers. This is not a commitment to lend, and restrictions apply. Programs, rate, terms, and conditions subject to change without notice.

The views expressed here are my personal views and do not reflect the views of my employer.

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