WealthSpring Mortgage, Minneapolis, has announced the introduction of Rightfee, a new guaranteed closing cost system.WealthSpring president Michael Warner said the system offers a guaranteed closing fee (excluding variable prepaid costs such as taxes and insurance) along with a "competitive interest rate guarantee." He said Rightfee is modeled on the Guaranteed Mortgage Package Agreement that has been proposed by the Department of Housing and Urban Development as part of a rule that would reform regulations under the Real Estate Settlement Procedures Act. The company can be found online at http://www.wealthspringmortgage.com.
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