Blog > Sawbuck Savings Guarantee Explained

Well, for starters, we would not offer this guarantee if we weren't confident that you won't be able to find a better one out there. And if you are that determined to prove us wrong, go ahead and do some research. If you come up with a better deal, we'll pay you $1,000. Guaranteed.

After the research that we did, we found out that the average Sawbuck rate was .41% better than the national average, as reported in the Freddie Mac Primary Mortgage Market Survey. In other words, on a $400,000 mortgage, that's a savings of $101 per month and $36,360 over the life of the loan.

We also checked out the 2008 Bankrate Closing Costs Study and quickly realized that closing costs paid by Sawbuck Customers were often thousands of dollars better than the average. To be more specific, on a $500,000 purchase, the typical Sawbuck customer paid $3753 less than the average revealed in the study. How can we do this?

• We only partner with industry leaders, such as Bank of America and First American, already known for their low rates and quality service
• We NEVER ask our mortgage and settlement partners to share profits with us. This is unlike most real estate brokers, who try to profit from their customers' mortgages and settlements, which drives up rates and costs
• We pre-negotiate reduced fees for our customers
• We subsidize every deal, putting our money into the pot at closing
• The result is an unbeatable combination of mortgage rate and closing costs – guaranteed.

For more details, check out our Savings Guarantee page.