Common Mortgage Myths Debunked

Common Mortgage Myths Debunked The mortgage world is riddled with myths and misconceptions. These can range from the oversimplified to the overly complex, and can often deter potential homeowners from taking the plunge into the property market. It’s important to… Read More

Road Home Podcast – What Is Your Why

Guiding You Through Your Home buying Journey Ep. 2 – What Is Your Why Why do people even buy homes? Change is hard – and moving can feel like a daunting task. But, being able to clearly articulate why you’re… Read More

Road Home Podcast – The Mental Game

Guiding You Through Your Home buying Journey Ep. 1 -The Mental Game Making large financial decisions (like buying a house) can be scary – and Americans HATE TO TALK ABOUT THEIR FINANCES. In fact, an article from Reuters noted that… Read More

The Potential Cost Of Waiting

The Potential Cost Of Waiting Use this easy-to-use interactive tool t osee how your home loan payments could change if interest rates and/or home prices increase while hesitating on your home purchase. Next Step Get Pre-Approved Getting pre-approved is the… Read More

PMI – Should You Avoid It?

PMI – What Is It And Should You Avoid It? Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan. Like other kinds of mortgage… Read More

Around The Neighborhood

around The Neighborhood – Learn About The Area Type in any address to see demographic information, home sale trends, nearby schools, commute times and more for an area. Questions about the numbers you see or would like to get started… Read More

Can you solve the case of Unintended Consequences?

Can you solve the case of Unintended Consequences? What effect might the scenario in the video have on Mary’s credit score? Mary’s Credit Score Will Go Up Incorrect Mary’s Credit Score Will Go Down Correct! Mary was trying to do… Read More

Gameshow: Mortgage Do or Don’t

Gameshow: Mortgage Do or Don’t? When it comes to securing your mortgage, do you know which actions to take and which to avoid? Try our quick online game to find out! Next Step Get Pre-Approved Getting pre-approved is the first… Read More

Planning Ahead For The Perfect Mortgage Application

Planning Ahead For The Perfect Mortgage Application Who says getting a mortgage can’t be fun? Try our quick game, and you may pick up some tips for making your mortgage process easier! Next Step Get Pre-Approved Getting pre-approved is the first step in… Read More

Millennials and The First Home Purchase: 5 Ways to Prepare

Millennials and The First Home Purchase We know that in many cases millennials are waiting longer to settle down than previous generations to make their first home purchase. However, as the job and housing markets improve and the recession becomes a thing of… Read More

Poli Mortgage Group is a Division of radius financial group inc. Corporate NMLS #1846. radius financial group inc. is an Equal Housing Lender. Poli Mortgage Group is licensed in CT, DC, FL, ME, MD, MA, NH, PA and RI. For more licensing information please visit: https://polimortgage.com/licenses/ or by visiting www.nmlsconsumeraccess.org. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs rates, terms and conditions are subject to change and are subject to borrower qualification. This is not a commitment to lend. The content in this website has not been approved, reviewed, sponsored or endorsed by any department or government agency.

* This radius Pre-Approval/Credit Commitment Promise Contract ("Promise") is made and entered into, as of the date of the last signature below, by and between radius financial group inc. ("radius" or "Lender"), and the below-named Buyer and Seller. In consideration of Seller's reliance on this Promise in entering into a real estate purchase transaction with Buyer, the Parties agree as follows:

PROMISE TO SELLER. In the event that a Seller is induced to accept an offer from, and enter into a purchase and sale agreement with, a radius borrower on account of this Promise in connection either with (a) a radius Pre-Approval or (b) a radius Credit Commitment and the Buyer is unable to close on such Eligible Transaction due to a mistake made by radius (with accurate and up-to-date information) on such Pre-Approval/Credit Commitment (a "Bad Pre-Approval"), then radius shall pay Seller ten thousand dollars ($10,000), subject to the terms and conditions herein as Seller's sole remedy.

PROMISE TO BUYER. In the event that radius issues a Bad Pre-Approval to Buyer on an Eligible Transaction, radius will reimburse Buyer reliance expenses up to one thousand dollars ($1,000) for a home inspection, appraisal, or legal expenses actually paid out-of-pocket by Buyer, subject to the terms and conditions herein. This payment shall be Buyer's sole remedy.

ELIGIBLE TRANSACTION. For purposes of this Promise, an "Eligible Transaction" is a purchase money mortgage transaction for a primary residence (made on or after April 1, 2018) (not made to a radius employee or immediate family member), provided that the loan is a Conventional, USDA, VA, or FHA loan product for either (i) an existing home resale or (ii) a newly constructed home that is to be delivered and closed within ninety (90) days of the P&S.

CONDITIONS. The applicable radius Pre-Approval must not have expired prior to the date of the P&S. Offers/P&Ss cancelled due to home inspection issues or title defects are not covered under this Promise, and this Promise is void if a Bad PreApproval is the result of: (i) a change in Buyer's financial position, (ii) property specific requirements or expenses (e.g. homeowner's association dues/fees, flood insurance, or property taxes), or (iii) loan product availability or underwriting requirements, or third-party actions outside of radius' control.

FUNDS DISBURSEMENT. Any funds due and payable under this Promise will be paid if requested by Buyer or Seller in writing within 90 days of the date of an applicable Adverse Action Notice and accompanied by a fully-executed copy of this Promise. Any payments made under this Promise will be reported to the Internal Revenue Service by radius on a Form 1099-MISC or as otherwise required by then-applicable law. Please consult your tax advisor for any tax implications.