Terms Of Use

Welcome to owning.com. Owning, a division of Guaranteed Rate, Inc.(“Owning”, “Guaranteed Rate”), provides the use of this website subject to the following terms and conditions, known as “Terms of Use.” Clicking onto webpages beyond the site’s homepage indicates your acceptance and agreement of these Terms of Use. Please read them carefully.

Privacy

Please review our Privacy Policy, which also governs your use/visit to this website.

Electronic Communications

When you visit owning.com or send emails to us, you are communicating with Owning electronically and you consent to receive communications from Owning electronically. We will communicate with you by email or by posting notices on this site. You agree that all agreements, notices, disclosures and other communications that we provide to you electronically satisfy any legal requirement that such communications be in writing.

Please note that while you may unsubscribe from email marketing communications at any time, if you provide us with your email address after unsubscribing, you agree to opt-in to future email marketing communications. You will be required to unsubscribe again to cease email marketing communications.

Trademarks

Guaranteed Rate’s trademarks and trade dress may only be used with the express written consent of Guaranteed Rate and may not be used in any manner that is likely to cause confusion among customers, or in any manner that disparages or discredits Guaranteed Rate. All other trademarks not owned by Guaranteed Rate or its subsidiaries that appear on this site are the property of their respective owners, who may or may not be affiliated with, connected to, or sponsored by Guaranteed Rate or its subsidiaries.

License and site access

Owning grants you a limited license to access and make personal use of this site and not to download (other than page caching) or to modify any portion of it, except with express written consent of Owning. This license does not include any resale or commercial use of this site or its contents: any collection and use of any product listings, descriptions, or prices: any derivative use of this site or its contents: any downloading or copying of account information for the benefit of another merchant: or any use of data mining, robots or similar data gathering and extraction tools. This site or any portion of this site may not be reproduced, duplicated, copied, sold, resold, visited or otherwise exploited for any commercial purpose without express written consent of Owning. You may not frame or utilize framing techniques to enclose any trademark, logo or other proprietary information (including images, text, page layout or form) of Owning without express written consent. You may not use any meta tags or any other “hidden text” utilizing Owning’s name or trademarks without the express written consent of Owning. Any unauthorized use shall automatically terminate any permission or license granted herein by Owning. You are granted a limited, revocable, and nonexclusive right to create a hyperlink to the home page of Owning so long as the link does not portray Owning or their products or services in a false, misleading, derogatory or otherwise offensive matter. You may not use any Owning logo or other proprietary graphic or trademark as part of the link without express written permission.

Your membership account

If you use this site, you are responsible for maintaining the confidentiality of your account and password and for restricting access to your computer and you agree to accept responsibility for all activities that occur under your account or password. If you are under 18, you may use our website only with involvement of a parent or guardian. Owning reserves the right to refuse service, terminate accounts, remove or edit content or cancel orders in their sole discretion. Should you require assistance in logging into the website, or for other technical assistance, please contact the following:

Guaranteed Rate, Inc.
3940 N. Ravenswood
Chicago, IL 60613

Owning may deny access to any user for any reason and in Owning’s sole discretion.

Reviews, comments, emails and other content

Visitors may post reviews, comments and other content, and submit suggestions, ideas, comments, questions or other information, so long as the content is not illegal, obscene, threatening, defamatory, invasive of privacy, infringing of intellectual property rights or otherwise injurious to third parties or objectionable and does not consist of or contain software viruses, political campaigning, commercial solicitation, chain letters, mass mailings, or any form of “spam.” You may not use a false email address, impersonate any person or entity or otherwise mislead as to the origin of a post, comment or other content. Owning reserves the right (but not the obligation) to remove or edit such content, but does not regularly review posted content. If you do post content or submit material, and unless we indicate otherwise in writing, you grant Owning a nonexclusive, royalty-free, perpetual, irrevocable and fully sublicensable right to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute and display such content throughout the world in any media. You grant Owning the right to use the name that you submit in connection with such content if they choose. You represent and warrant that you own or otherwise control all the rights to the content you post; that the content is accurate; that use of the content you supply does not violate this policy and will not cause injury to any person or entity; and that you will indemnify Owning and/or its officers, employees, agents and successors and assigns for any and all claims resulting from content you supply. Owning has the right but not the obligation to monitor and edit or remove any activity or content. Owning takes no responsibility and assumes no liability for any content posted by you or any third party.

Product and service descriptions

Owning attempts to be as accurate as possible. However, the information contained in this website is for general information purposes only and Owning does not warrant that product/service descriptions or other content of this site is accurate, complete, reliable, current or error-free.

Website Ownership

This website is owned and operated by Guaranteed Rate, Inc. 3940 North Ravenswood, Chicago, IL 60613

Updates

These Terms and Conditions were last updated 07/15/2022. Please check periodically for changes.

Processing

We offer no guarantees in terms of processing time for any particular loan, application or other information or service. Though we will make every effort to ensure that information is processed as quickly as possible, in order to ensure that information is processed correctly and in light of the fact that there may be circumstances beyond our control which prevents the timely processing of information, applications, etc., the user agrees to indemnify and hold harmless Owning for any delays in processing information submitted and processed through the website, and/or other damages allegedly related to submission of information to and/or through the website.

Fees

The website may require the submission of certain fees for services necessary for the completion and processing of a loan or the completion of other services through the website. Use of the website is strictly subject to payment of certain fees. To the extent applicable, all payments shall be made in US dollars by credit card and are non-refundable. All fees submitted are final upon payment. Payments are due in full upon account activation, with future renewal dates and use of portions of the services subject to additional charges. Services will not be activated until payment is received. All payments made are final and there shall be no refunds of payments made by you.

Intellectual Property

All information and content available on the Website and its “look and feel”, including but not limited to trademarks, logos, and service marks, text, graphics, logos, button icons, images, audio clips, data compilations and software, and the compilation and organization thereof (collectively, the “Content”) is the property of Guaranteed Rate, our affiliates, partners or licensors, and is protected by United States and international laws, including laws governing copyrights and trademarks.

Except as set forth in the limited licenses in these Terms and Conditions, or as required under applicable law, neither the content nor any portion of the website may be used, reproduced, duplicated, copied, sold, resold, accessed, modified, or otherwise exploited, in whole or in part, for any purpose without our express, prior written consent.

You shall have no right to use the Guaranteed Rate technology for any purpose other than accessing the website and using the services offered. Use of the website does not transfer from Guaranteed Rate to you any Guaranteed Rate technology, and all rights, titles and interests in and to any Guaranteed Rate technology and all services shall remain solely with Guaranteed Rate. You shall not, directly or indirectly, reverse engineer, decompile, disassemble or otherwise attempt to derive source code or other trade secrets from any of the Guaranteed Rate technology if such reverse engineering, decompilation, or disassembly is intended to create, or will be used in, a competitive product.

Third Party Links

Clicking on certain links within this website or certain other websites that are linked to this website may take you to other websites, or may display information on your computer screen from other web sites, which are not maintained by Owning. Such web sites may contain terms and conditions, privacy provisions, confidentiality provisions, or other provisions that differ from the terms and conditions applicable to this web site. Links to other Internet services and web sites are provided solely for the convenience of users. A link to any service or web site is not an endorsement of any kind of the service or web site, its content, or its sponsoring organization.

OWNING AND ITS CORPORATE PARENTS, AFFILIATES, AND SUBSIDIARIES ASSUME NO RESPONSIBILITY OR LIABILITY WHATSOEVER FOR THE CONTENT, ACCURACY, RELIABILITY OR OPINIONS EXPRESSED IN A WEB SITE, TO WHICH THIS SITE IS LINKED AND SUCH LINKED SITES ARE NOT MONITORED, INVESTIGATED, OR CHECKED FOR ACCURACY OR COMPLETENESS BY OWNING. IT IS THE SOLE RESPONSIBILITY OF THE USER TO EVALUATE THE ACCURACY, RELIABILITY, TIMELINESS AND COMPLETENESS OF ANY INFORMATION AVAILABLE ON ANY LINKED SITE. ALL INFORMATION, PRODUCTS, SERVICES AND CONTENT OBTAINED FROM A LINKED SITE ARE PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT, SECURITY, OR ACCURACY.

Indemnification

In no event will Owning be liable for any direct, indirect, incidental, special, punitive or consequential losses, damages or expenses of any kind whether the claimed damages or losses are based in tort, contract or any other theory of law, arising in any way or in connection with this website or use thereof, including, but not limited to failure of performance, omission, error, defect, interruption, failure to process, delay, computer virus, system failure, even if Onwing is made aware of the alleged damages or losses including all third party claims. You agree to indemnify and hold harmless Owning for any and all damages and losses as described above relating to your use of the website.

Consent to Electronic Delivery

You specifically agree to receive and/or obtain any and all disclosures, notices, information and communications via email, posting on our website or other electronic delivery rather than via paper documents. This includes, but is not limited to, any and all current and future notices and/or disclosures that various federal and/or state laws or regulations require that we provide to you, as well as such other documents, statements, data, records and any other communications regarding your use of the website. You acknowledge that, for your records, you are able to use the website to retain these communications by printing and/or downloading and saving these Terms and Conditions and any other agreements and electronic communications, documents, or records that you agree to in your use of the website. You accept electronic communications provided via Owning as reasonable and proper notice, for the purpose of any and all laws, rules, and regulations, and agree that such electronic form fully satisfies any requirement that such communications be provided to you in writing or in a form that you may keep. To this agreement described herein or if you require paper documents of any of the above, please contact:

Guaranteed Rate, Inc.
3940 N. Ravenswood
Chicago, IL 60613

Applicable law

By visiting owning.com, you agree that the laws of the State of Illinois, without regard to principles of conflict of laws, will govern these Terms of Use and any dispute of any sort that might arise between you and Owning and/or its subsidiaries and affiliates. You further agree that any action at law or in equity arising out of or relating to these Terms of Use or this website shall be filed only in the state or federal courts located in Cook County, Illinois, and you hereby consent and submit to the personal jurisdiction of such courts for the purposes of litigating any such action.

Disputes

Any controversy or claim arising out of or relating to your use of the website, and/or any alleged damages or losses thereof, shall be settled by arbitration administered by the American Arbitration Association (“AAA”) and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.

Any dispute between the parties must be submitted to binding arbitration administered by the AAA to take place in Chicago, Illinois, before one arbitrator in accordance with the AAA Rules. In the event you institute such arbitration, then, without limiting the applicability of the AAA rules, the arbitrator will be obligated to award the prevailing party of any such proceedings all reasonable costs, attorneys’ fees and other expenses incurred by such prevailing party in the arbitration proceedings. Any award entered by the arbitrator may be enforced in any court of competent jurisdiction. All arbitrations will take place in Chicago, Illinois. You hereby waive any right to consolidate, join or combine any arbitration brought with any other matter pending in court or other arbitration proceeding.

You agree that any effort to resolve any dispute will be conducted on an individual basis, and that you waive any right to have any dispute heard in a class action or any other proceeding in which any party seeks to or does act in a representative capacity.

Regardless of any statute or law to the contrary, any claim or cause of action against Owning arising out of or related to use of your use of the website or under these Terms and Conditions must be filed within one (1) year after such claim or cause of action arose or will be barred.

Entire Agreement

This Agreement constitutes the entire agreement between you and Owning governing your use of the website and supersedes any prior and contemporaneous agreements between you and Owning with respect to the subject matter above.

General

You acknowledge and agree that these Terms of Use constitute the complete and exclusive agreement between us concerning your use of the website, and supersede and govern all prior proposals, agreements, or other communications;

Nothing contained in these Terms of Use shall be construed as creating any agency, partnership, or other form of joint enterprise between a user and Owning. Our failure to require your performance of any provision hereof shall not affect our full right to require such performance at any time thereafter, nor shall our waiver of a breach of any provision hereof be taken or held to be a waiver of the provision itself. In the event that any provision of these Terms of Use shall be unenforceable or invalid under any applicable law or be so held by any applicable arbitral award or court decision, such unenforceability or invalidity shall not render these Terms of Use unenforceable or invalid as a whole but these Terms of Use shall be modified, to the extent possible, by the adjudicating entity to most fully reflect the original intent of the parties as reflected in the original provision and with the remaining terms remaining enforceable and binding upon all users.

Electronic Agreement

You have the right to receive loan documents and disclosures in electronic form. Your consent means that your disclosures, loan documents and any other communications (referred to collectively as “Documents”) related to the process of processing, underwriting, and closing your requested loan may be provided to you through the Owning website and via email (“Electronically”). To access and retain the Documents Electronically you will need to use a computer with the same capabilities you are using and will need to be able to open and view Adobe Acrobat Reader. You have the right to withdraw consent and you may request paper copies of any Documents without charge by contacting us at (877) 967-8534. You should also keep us informed of any change in your e-mail or mailing address by contacting us at (877) 967-8534.

By agreeing to these terms and conditions you are confirming that you do agree to receive Documents Electronically and that you do have the ability to do so through the computer software and hardware.

By continuing, you electronically agree to allow Owning to view your credit history.

If you have any questions regarding the Terms and Conditions please contact us at:

Guaranteed Rate, Inc.

3940 N. Ravenswood
Chicago, IL 60613

Closing Guarantee

Owning’s Closing Guarantee (the “Guarantee”) offers eligible borrowers assurances that their
loan will close on time, or the borrower will receive $2,000 in the form of a check after closing.

Eligibility: To be eligible for the Guarantee the borrower must:
(1) Complete a mortgage application with Owning between  January 1, 2023 and March 31, 2023 for a
residential first-lien mortgage that will secure an interest in a primary residence or
secondary home and;
(2) Provide a fully executed purchase contract that includes all pages, addendums, and
required signatures within three (3) business days of submitting the mortgage application;
(3) Purchase Closing Date: For conventional conforming and high balance financing, the
contract closing date must be at least 30 calendar days after Owning receives the
mortgage application, the signed Intent to Proceed and accompanying initial loan
disclosures, as well as payment of the appraisal fee. For FHA, VA, and Jumbo financing,
the contract closing date must be at least 45 calendar days after Owning receives the
mortgage application, the signed Intent to proceed and accompanying initial loan
disclosures, as well as payment of the appraisal fee;
(4) Refinance Closing Date: The closing date for refinance transactions is defined as 45
calendar days after Owning receives the mortgage application, the signed Intent to
Proceed and accompanying initial loan disclosures, as well as payment of the appraisal
fee.
(5) During the origination process, provide all requested supporting documentation needed to
determine the loan decision, including but not limited to asset and income documentation
within three (3) business days of each Owning request;
(6) Schedule the appraisal appointment (if one is required) within 48 hours of the appraiser’s
first attempt to contact the seller, listing agent, or owner.
(7) Close and fund your loan;

Ineligibility: The Guarantee will not apply in any of the following circumstances:
(1) USDA loans;
(2) The borrower’s down payment is less than 5% of the purchase price (greater than 95%
LTV);
(3) The borrower’s requests changes to the loan amount, product, purchase contract terms, or
interest rate within 15 days of closing;
(4) Delays in loan processing caused by an appraisal dispute initiated by either the
borrower(s) or the Seller;
(5) Delays in loan processing caused by changes to your credit profile, income, source of
income, available assets, or any other additional information revealed that impacts your
ability to qualify for the loan;
(6) The borrower owns two or more real estate properties;
(7) The borrower or seller initiate a change to the original closing date documented in the
purchase contract;
(8) A delay is caused by a third-party other than an Owning service provider, including
delays due to required repairs identified in any inspection or appraisal report;
(9) A delay is due to force majeure events, including but not limited to COVID, weather or a
natural disaster;
(10) Loss of an appraisal waiver if the subject property originally qualified for an appraisal
waiver.

For purchase transactions, if the loan does not close by the original date specified in your
purchase contract and you remained eligible for the Guarantee, Owning will mail a check for
$2,000 to you within 90 days from receipt of your Guarantee claim. For refinance transactions,
if your loan does not close within 45 days of receiving your mortgage application, the signed Intent to Proceed, accompanying initial loan disclosures, and payment of the appraisal fee, and you
remained eligible for the Guarantee, Owning will mail a check to you within 90 days from
receipt of your Guarantee claim. To submit your Guarantee claim, written notice must be
provided to Owning at [email protected] within 30 calendar days from the
closing date of your loan. Guarantee recipients will be responsible for all taxes and fees
associated with receipt of the $2,000, which will be considered miscellaneous income received
from Owning. Owning will send to you, and file with the IRS, a Form 1099-MISC for the year
in which you receive this Guarantee payment. Please consult with your tax advisor with
respect to any payments received from this Guarantee. Owning reserves the right to modify or
discontinue any of its products, promotions, guarantees, and benefits at any time without
notice.

Your loan approval is not guaranteed. Owning cannot guarantee that an borrower will be
approved or that a closing can occur within a specific timeframe. Timeframe will vary based on
all involved parties’ level of participation at any stage of the loan process. Borrower’s interest
rate will depend upon the specific characteristics of borrower’s loan transaction, credit profile
and other criteria. Contact Owning or visit www.owning.com for more information. This is not a commitment to lend.

Release. In exchange for participating in Owning’s Guarantee, I hereby release and forever
discharge Owning and its past and present employees, officers, directors, agents, representatives,
affiliates, subsidiaries, vendors, associated third parties, predecessors, successors, and assigns
(collectively, the “Company Parties”) from any and all claims, demands, and causes of action of
every kind and nature, whether known or unknown, direct or indirect, arising out of any alleged
act, error, or omission by Company Parties during the loan origination process, from the
beginning of my loan application through the closing.

Disclaimer

The information contained in this website is for general information purposes only. It is believed to be reliable, but Owning does not warrant its completeness, timeliness or accuracy. To the fullest extent permissible under applicable law, Owning disclaims all warranties, express or implied, including, but not limited to, all implied warranties of merchantability, fitness for a particular purpose, title and non-infringement. The information on this website is not intended as an offer or solicitation for any mortgage product or any financial instrument. The information and materials contained in this website – and the terms and conditions of the access to and use of such information and materials – are subject to change without notice. Products and services described, as well as, associated fees, charges and interest rates may differ among geographic locations, offices and as a result of individual conditions. Not all products and services are offered at all locations. In no event will Owning be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

If you have been referred from another website (including but not limited to any social media site), the information contained in the referring website is for general information purposes only. The information contained there has not been reviewed or approved by Owning and is provided solely and exclusive by the site’s author. Owning makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk. Through the referring website you may be able to link to other websites which are not under the control of Owning. Owning has no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

You acknowledge and agree that Owning is not, and shall not be, responsible for the results of any defects that may exist in this website or its operation. As to the operation of this website, Owning expressly disclaims all warranties of any kind, whether express or implied, including, not limited to the implied warrant of merchantability and fitness for a particular purpose.

Questions

Questions regarding our Terms of Use, Privacy Policy or other policy related material can be directed to our support staff by emailing us at [email protected]