If you order an appraisal, do you still need a home inspection?

If you order an appraisal, do you still need a home inspection? Based On The Video Above, What Should Ryan and Jessica Do? Rely on the appraiser’s report & cancel the inspection Incorrect Go ahead with the inspection Correct! Ryan… Read More

Can You Spot The Homebuyer’s Mistake?

Can You Spot The Homebuyer’s Mistake? What will happen to Tom’s credit score? His Credit Score Will Go Up Incorrect His Credit Score Will Go Down Correct! Tom was smart to transfer the higher credit card balance to one with… Read More

The Case Of The Unusable Down Payment

The Case Of The Unusable Down Payment Which source of funds is most likely to cause a problem as they prepare to finance their home? The Money From Sam’s Boat Sale. Incorrect The cash in the cookie jar. Correct! Unfortunately… Read More

Should They Play The Waiting Game?

Should They Play The Waiting Game? Which of the following statements is true? They made the right decision and saved money long term. Incorrect They basically broke even financially over the long term Incorrect. Those 90 days cost them thousands… 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

The 4 red flags to look for before buying a home

When hunting for your next home, there are a number of aspects you need to be mindful of, including a residence’s location, size, price and condition. And, as a housing purchase is likely the largest transaction you will undertake in… Read More

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

Four mistakes to avoid making while shopping for a home loan

When buying a new home, most consumers look to take advantage of financing opportunities to fund the transaction. Mortgages are the key to potential home buyers, but much like the house hunting process, significant consideration should be paid to the… 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

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.