To be eligible for Lakeview Rate Advantage, customers must complete and sign a full loan application with Lakeview Loan Servicing, LLC (“Lakeview”). This promotion is limited to first lien, conventional rate and term refinance mortgage loan products. Promotion is valid through May 31st, 2025. Annual Percentage Rate (“APR”) is based on the quoted interest rate and APR-related fees (including origination fee, flood certification fee, electronic closing fee, title fees, disbursement fee, and any additional recording service fees).
To begin the process, customer must complete and sign a full loan application with Lakeview which may require additional information to provide a Lending Estimate (“LE”).
Customers must also present a valid competitor LE showing their current offer that is dated no more than 5 business days prior to the date that Lakeview receives their signed mortgage application documents. Lakeview will attempt to match or beat valid competing interest rates, loan origination costs, loan discount fees, underwriting fees, processing fees, buy-down fees and lender document preparation service fees for the same loan product type and loan term. Lakeview will review the competitor LE within 1 business day.
Customer initiated changes to the loan, including term, buy-downs, etc. may require a revised LE and this promotion may not apply.
Lakeview reserves the right to verify the validity of a customer’s competitor LE and competing lender’s disclosures. If Lakeview validates their competing offer and is unable to match or beat the stated APR, Lakeview may determine if the customer is eligible for Lakeview Rate Advantage promotion.
If eligible, customer must submit a claim electronically to rateadvantage@lakeview.com after closing the loan with the competing lender under the same terms as originally presented in the competitor’s LE to Lakeview. Claim must be submitted within 1 month of closing; closing must be within 60 days of Lakeview application date. The claim must include a valid copy of their final Closing Disclosures, Note, mortgage signed by the closing agent, and a copy of the originally submitted competing LE and Lakeview LE as documentation for the claim for the $500 electronic gift card. Once Lakeview confirms the competitor’s closing documents are valid and confirms that the customer’s loan closed with the product and terms previously quoted by the competitor lender and LE, Lakeview will email the customer an electronic gift card for $500 within 30 days of receiving the claim.
If the customer does not accept Lakeview’s loan offer, to qualify for Lakeview Rate Advantage promotion, customer must submit a claim to rateadvantage@lakeview.com with the following required supporting documentation: a valid copy of their final Closing Disclosure, Note, mortgage signed by the closing agent, and a copy of the originally submitted competing LE and the Lakeview LE.
Lakeview reserves the right in their sole discretion to modify or discontinue this promotion or to restrict its availability to any person, at any time, for any or no reason, and without prior notice or liability to the customer.
This is for promotional purposes only and is not an offer, loan approval or loan commitment. Mortgage rates are subject to change without notice. Some terms and restrictions may apply to certain loan programs. Refinancing existing loans may result in total finance charges being higher over the life of the loan, reduction in payments may partially reflect a longer loan term. This information is provided as guidance and illustrative purposes only and does not constitute legal or financial advice. We are not liable or bound legally for any answers provided to any user for our process or position on an issue. This information may change from time to time and at any time without notification. All loans subject to credit approval.
E-gift cards are delivered electronically via www.tremendous.com Please allow up to 30 business days after claim approval for the Lakeview Rate Advantage promotion to receive the $500 e-gift card. Please immediately notify Lakeview if you haven’t received your e-gift card. This promotion is not sponsored or endorsed by www.tremendous.com or its partners.
