All Texas Tech Credit Union branches will be closed Thursday, November 28th in observance of Thanksgiving Day.
Are you looking to get the best deal on your mortgage loan? With Texas Tech Credit Union's Best Rate Guarantee, you can shop for your new home with confidence knowing you are getting the lowest possible interest rate on your home loan.
At Texas Tech Credit Union, we strive to offer you a better mortgage at your best possible rate. With the Best Rate Guarantee program, if you qualify for a better rate on a similar mortgage with another licensed lender, we'll pay you $1,000. What does “similar mortgage” mean? The mortgage must be for a first lien purchase or refinance of a primary or secondary residence, same property, loan purpose, term, and loan amount, with the same or lower closing costs.
To receive your competitive rate adjustment, you must provide Texas Tech Credit Union Mortgage a copy of the competitor's Loan Estimate, Rate Lock Agreement, and documentation of the property, purpose, rate, term, loan amount, and closing costs.
A lower mortgage rate means more savings in the long run. For example, on a 30-year mortgage for $200,000, reducing your interest rate by just 1% can save you over $40,000 in interest payments. This can lead to lower monthly payments, allowing you to put more money towards other expenses or savings. Additionally, a lower interest rate can increase your home's affordability, allowing you to potentially buy a larger or nicer home for the same monthly payment.
With the Best Rate Guarantee, you can rest assured knowing you will get the lowest monthly payment possible. This way, you won't have to worry about paying more than necessary for your loan.
You can take advantage of our Best Rate Guarantee in 3 steps:
Apply for a mortgage with Texas Tech Credit Union.
Complete our easy online application or connect with our lending experts to get started.
Get approved.
We'll give you the best mortgage rate through our simple pre-approval process.
Find another lender offering a better rate, and send us proof of that rate.
If we are unable to provide you with the best rate on a similar mortgage*, we'll pay you $1,000!
Taking advantage of our Best Rate Guarantee program is the perfect way to get the lowest mortgage rate possible and get the most bang for your buck. For full eligibility details and rules, visit xcslscl.com/brg.
* A similar mortgage must be for a first lien purchase or refinance of a primary or secondary residence, same property, loan purpose, term, and loan amount, with the same or lower closing costs.
To receive your competitive rate adjustment, you must provide Texas Tech Credit Union Mortgage a copy of the competitor's Loan Estimate, Rate Lock Agreement, and documentation of the property, loan purpose, rate, term, loan amount, and closing costs. Documentation must be dated within 3 days calendar days of locking your rate with Texas Tech Credit Union Mortgage.
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