Advertising and Licensing Disclosures

Disclosure current as of 

June 13, 2019.

 

ADVERTISING DISCLOSURE

15-year Fixed Rate Mortgage Rates as low as 2.7% (3.1% APR)

Loan Amount: $260,000, based on an 80% LTV (Home Value $325,000)
Fixed Interest Rate: 2.750%
Annual Percentage Rate: 3.105%
Monthly Payment:  $1,764/ month for 180 monthly payments, plus taxes and insurance
Loan Discount Points 2.291% ($5,957) plus $2,809 in fees

 

Streamline FHA 15-year Fixed Rate Mortgage Rates as low as 3.3% (4.4% APR)

Loan Amount: $264,550 based on an 80% LTV (Home Value $350,000)
Fixed Interest Rate: 3.250%
Annual Percentage Rate: 4.353%
Monthly Payment:  P&I $1,859 plus MIP of $95.16 for a total payment of $1,954 per month for 180 monthly payments, plus taxes and insurance.
Loan Discount Points 2.634% ($6,968) plus $7,561 in fees

 

Jumbo 15-year Fixed Rate Mortgage Rates as low as 3.3% (3.8% APR)

Loan Amount: $485,000, based on a 70% LTV (Home value $700,000)
Fixed Interest Rate: 3.250%
Annual Percentage Rate:  3.822%
Monthly Payment: $3,408/month for 180 monthly payments, plus taxes and insurance
Loan Discount 3.767% ($18,270) plus fees of $4,057.
 

30-year Fixed Rate Mortgage Rates as low as 3.3% (3.5% APR) 

Loan Amount: $260,000, based on an 80% LTV (Home Value $325,000)
Fixed Interest Rate: 3.375%
Annual Percentage Rate: 3.584%
Monthly Payment: $1,149/month for 360 monthly payments, plus taxes and insurance.
Loan Discount Points 2.419% ($6,289) plus $2,809 in fees

 

FHA 30-year Fixed Rate Mortgage Rates as low as 3.3% (4.2% APR) 

Loan Amount: $264,555, based on an 80% LTV (Home Value $350,000)
Fixed Interest Rate: 3.250%
Annual Percentage Rate: 4.194%
Monthly Payment: $1,151 plus MIP of $172 for a total payment per month of $1,323 for 360 monthly payments, plus taxes and insurance.
Loan Discount Points 2.919%($7,722) plus $7,561 in fees
 

5-year Adjustable Rate Mortgage Rates as low as 3.0% (4.3% APR)

Loan Amount: $260,000, based on an 80% LTV (Home Value $325,000)
Interest Rate: 3.000%
Annual Percentage Rate: 4.256.%
Monthly Payment: $1,096 for 60 Months, plus taxes and insurance.
Loan Discount: 2.439% ($6,341) plus $2,809 in fees, 
Monthly Payment After 5 Years: $1,351, Maximum monthly payment $1,748, plus taxes and insurance.

 

Disclosure Assumptions

Communication Consent:   We take your privacy seriously. By clicking the Get Rate button, you are providing your express written consent to have your information shared and to be matched with up to five approved lenders and for them, or their authorized third party, to call you at the number you have provided including through automated means such as autodialing, text SMS/MMS (charges may apply), and prerecorded messaging, and/or via email, even if your telephone number is a cellular phone number or on a corporate, state, or the National Do Not Call Registry, and you agree to our Privacy Policy. Consent is not required as a condition to utilize FreeRateUpdate’s services, you may choose to use our services by calling 855-315-7283

 

LICENSING DISCLOSURE

FreeRateUpdate.com, LLC

Alabama
         Mortgage Broker License #'22144

Alaska
         Mortgage Broker/Lender License #AK1154338

Arizona
         Arizona Mortgage Broker License #'s MB-0927475 and MBBR-0119514, Peoria Branch NMLS# 1189573

Arkansas
         FreeRateUpdate.com, 6 Dickinson Drive, Bldg 300, Ste 301A, Chadds Ford, PA 19317, 855-315-7283

Colorado
         Colorado Mortgage Company Registration NMLS #1154338, (888) 474-0404, Regulated by the Division of Real Estate

Connecticut
         Mortgage Broker License MB-1154338

Delaware
        Broker License #021791

District of Columbia
         Mortgage Broker License MLB1154338

Florida
         Mortgage Broker License MBR1826

Georgia
         Residential Mortgage Licensee (#46361), 6 Dickinson Drive, Building 300, Suite 301A, Chadds Ford, PA 19317

Idaho
         MortgageBroker/Lender License #MBL-8847

Illinois
         Illinois Residential Mortgage Licensee #MB.6761174, Department of Financial and Professional Regulation, 310 S. Michigan Avenue, Suite 2130, Chicago, Illinois, 60604-4278 (312) 793-3000 6 Dickinson Drive, Bldg 300, Ste 301A, Chadds Ford, PA 19317

Indiana - SOS
         Loan Broker License #1154338

Iowa
        Mortgage Broker License, #2015-0115

Kansas
        Mortgage Company License #MC.0025256

Maine
         FreeRateUpdate.com, LLC, Loan Broker License NMLS#1154338

Maryland
         Mortgage Lender License #23016

Michigan
         1st Mortgage Broker License #FL0019773

Minnesota
         Residential Mortgage Originator License #MN-MO-1154338

Mississippi
         Mortgage Broker License #1154338.  Licensed by the Mississippi Department of Banking and Consumer Finance

Montana
         Mortgage Broker License #1154338

Nebraska
         Mortgage Banker License

Nevada
         FreeRateUpdate.com LLC, 6 Dickinsonson Drive, Building 300, Suite 301A, Chadds Ford, PA 19317.  Nevada Mortgage Broker License #4115

New Hampshire
         Licensed by the New Hampshire Banking Department #20964-MBR

New Jersey
         FreeRateUpdate.com LLC, 6 Dickinson Drive, Building 3, Suite 301A, Chadds Ford, PA 19317, Licensed Residential Mortgage Broker New Jersey Banking and Insurance Department.

New Mexico
         Mortgage Loan Company License

Oklahoma
         Mortgage Broker License, #MB010708

Oregon
         FreeRateUpdate.com LLC, License #ML-5428

Pennsylvania
         Licensed as Mortgage Broker by the Department of Banking and licensed pursuant to the Pennsylvania Secondary Mortgage Loan Act, License   #51602

Rhode Island
        Rhode Island Licensed Lender

South Carolina DCA
        Mortgage Brokerage License, NMLS #1154338

South Dakota
        Mortgage Brokerage License, #MB 00041

Tennessee
         Mortgage License #124844

Texas
         FreeRateUpdate.com, LLC, 6 Dickinson Drive, Suite 301A, Chadds Ford, PA 19317

Virginia
        FreeRateUpdate.com LLC, NMLS ID #1154338; (www.nmlsconsumeraccess.org)

Washington
         Mortgage Broker License, #MB-1154338

West Virginia
         Mortgage Broker License, #MB-34793

Wisconsin
         Mortgage Broker License, #1154338BR

Wyoming
         Mortgage Broker License, #2874

FreeRateUpdate.com National Mortgage System Licensing Number 1154338. 

To go to the NMLS access Page please click on http://nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1154338

 

In Texas – CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 N. LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT www.sml.texas.gov. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT www.sml.texas.gov.

 

LICENSING DISCLOSURE

FreeRateUpdate.com Corporation

California-BRE
        California Bureau of Real Estate - Real Estate Broker, License #01996413, NMLS # 1452444

FreeRateUpdate.com Corporation National Mortgage System Licensing Number 1452444. 

To go to the NMLS access Page please click on http://nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1452444

 

FreeRateUpdate.com does not make mortgage loans or commitments.

 

If your loan request is forwarded to a Lender that makes you an offer, you should receive from the Lender a good faith estimate(GFE) required under RESPA and an initial disclosure statement required under the TILA, each within three (3) business days from the date you submit an application with the Lender. If the Lender denies your request for credit and that action is based, in whole or in part, on any information contained in a consumer credit report, you have the right to obtain, within sixty (60) days, a free copy of your consumer credit report from the credit reporting agency that compiles and maintains files on consumers on a nationwide basis. You also have the right to dispute the accuracy or completeness of any information in a consumer credit report furnished by the consumer credit reporting agency by contacting that agency directly.

An applicant, if married, may apply for a separate account / credit.

 

FREERATEUPDATE.COM IS A MARKETING LEAD GENERATOR AND IS NOT A LICENSED MORTGAGE BROKER OR LENDER EXCEPT AS NOTED ABOVE. ITS MAIN OFFICE IS LOCATED AT 5 Christy Drive, Suite 204, Chadds Ford, PA 19137

CONTACT US AT: 877-346-4135 or [email protected]

The information and disclosures above relate to advertised terms made by or through FreeRateUpdate.com.