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(888) 896-3787

$500 Guarantee

Commonwealth Mortgage: A Name You Can Trust

When you are looking to refinance or purchase a home, do yourself a favor and obtain quotes from different places. We are so confident in our affordable rates that we will pay you $500 if you find a rate and costs that are lower than what we can offer you.

How do you receive $500 from us?

There are a few things that are required from you for you to receive the $500 Guarantee:

  • You must fax or email us the Loan Estimate and first page of the loan application from the lender who provided you a quote with more competitive terms. The dates on the Loan Estimate must be current.
  • Due to market movement and the costs of interest rate protection, if you have already applied for a mortgage with Commonwealth Mortgage you are not eligible for the $500.00 guarantee. The guarantee also does not apply to Adjustable Rate Mortgages and Jumbo programs.
  • Allow Commonwealth Mortgage 24 hours to offer you better terms than that of the competitive lender.
  • Email or fax the following items:
    • A formal request for the $500.00 which can be mailed to the attention of Customer Service or emailed to [email protected]; and
    • Include the Closing Disclosure and Loan Estimate from the other lender after you close.
  • You can send your fax to: (781) 636-0500 or email: [email protected]

Please do not hesitate to call us at (888) 896-3787 for more information!