Evaluating neighborhoods’ qualities before buying a home

In the market for a home? You’re likely considering a number of aspects, including the home’s size, features and price. However, you should also take the surrounding area into account when hunting for a residence to purchase. Many factors come… Read More

Comparing prices to find the best home for you

Have you recently made the decision to pursue the path to homeownership? If so, congratulations! You may soon join the millions of consumers who have also chosen to purchase a house of their very own. While there are countless benefits to… Read More

Finding the right home for you and your finances

The home buying experience can be one of the most exciting times in your life. But, if you’re ill-prepared, or unaware of your purchasing power, it can be fraught with financial difficulty and stress. Accordingly, you can save yourself a… Read More

Pursuing preapproval: Tips for improving your credit score

Unless you’ve amassed the capital needed to entirely finance a cash purchase of a permanent residence, odds are, if you’re looking to buy a home, you will fund the transaction with help from a trusted lending company. Such organizations can… Read More

Tips for newlyweds looking to purchase a home

Did you just tie the knot with your loved one? Hoping to buy a house and start your family? Homeownership can greatly benefit you, as well as your growing family, by providing a sense of stability and began building equity… Read More

Helpful tips on saving up for a down payment

If you’re planning on making a residential purchase in the near future, odds are, you have been examining your personal savings and taking a close look at your financial situation. While mortgage rates and asking prices are important factors to… Read More

Owning Versus Renting

While the question of “should I buy or rent?” may have had a different answer even a few years ago, declining property values have made the current real estate market a boon for home buyers, more specifically, first time home… Read More

Do I Need A Lawyer to Buy a Home?

Why You Need a Real Estate Attorney in a Home Purchase Transaction The purchase of a home will often rank as one of the most important financial transactions in a persons life, certainly the largest. Buying a home can be… Read More

How Do I Decide 15 yr or 30 yr?

30 year Fixed Rate or 15 year Fixed Rate? We received a call the other day from a prospective client. He wanted to know if it would be a good thing to refinance, given his situation. He had two mortgages,… Read More

The Value of Relationships

At the very core of all good businesses are partnerships which are really, relationships. The mortgage and real estate industry is held together by a tightly woven fabric of human interaction. People dealing with people. The real estate industry seems to… 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.