Advertising and Licensing Disclosures

Disclosure current as of September 10, 2015.

ADVERTISING DISCLOSURE

15-year Fixed Rate Mortgage Rates as low as 2.75% (3.304% APR)

The advertised loan is a 15-year Fixed Rate fully amortizing term from actual offers posted in our network of lenders.
There is no prepayment penalty.
Payment Example:

Loan Amount: $300,000
Fixed Interest Rate: 2.75%
Annual Percentage Rate: 3.304%
Monthly Payment: $2,035.86
Points: 2.5
Fees: $4,300

Jumbo 15-year Fixed Rate Mortgage Rates as low as 3.25% (3.551% APR)

The advertised loan is a Jumbo 15-year Fixed Rate fully amortizing term from actual offers posted in our network of lenders.
There is no prepayment penalty.
Payment Example:

Loan Amount: $420,000
Fixed Interest Rate: 3.25%
Annual Percentage Rate: 3.551%
Monthly Payment: $2,951.21
Points: 1.5%
Fees: $2,500

30-year Fixed Rate Mortgage Rates as low as 3.75% (4.102% APR)

The advertised loan is a 30-year Fixed Rate fully amortizing term from actual offers posted in our network of lenders.
There is no prepayment penalty.
Payment Example:

Loan Amount: $300,000
Fixed Interest Rate: 3.75%
Annual Percentage Rate: 4.102%
Monthly Payment: $1,389.35
Points: 2.5%
Fees: $5,600

5-year Adjustable Rate Mortgage Rates as low as 2.375% (2.708% APR)

The advertised loan is a 5-year Adjustable Rate fully amortizing term from actual offers posted in our network of lenders.
The monthly payment after 5 years is based on an index rate of 1% and a 1.5% margin with a 2% maximum adjustment per year.
The rate is variable.
There is no prepayment penalty.
Payment Example:

Loan Amount: $300,000
Fixed Interest Rate: 2.375%
Annual Percentage Rate: 2.708%
Monthly Payment: $1,165.96
Points: 2.0
Fees: $3,700
Monthly Payment After 5 Years: $1,182.48

ARMs can be complicated. If you do not understand how they work, you should not sign any loan contracts, and you might want to consider other loans. With an ARM, the interest rate on your loan is not fixed. Instead, it changes over time according to a formula - typically, a base interest rate (index) plus a certain percent (margin) (for example, the Prime Rate plus 3 percent). So, if the base interest rate increases, your interest rate and monthly payment will also increase. Please see the lenders' websites for the specific disclosures related to loans offered by our lenders.

Disclosure Assumptions

The information and disclosures above relate to advertised terms made by or through FreeRateUpdate.com.
Interest rates and terms are from a lender or lenders with whom FreeRateUpdate.com may match you and that offer the particular product. The disclosures are current as of the date indicated.
FreeRateUpdate.com is not a lender in any transaction and does not make loans, loan commitments or lock-rates. All credit decisions, including loan approval and the conditional rates and terms you are offered, are the responsibility of the participating lenders and will vary based upon your loan request, your particular financial situation, and criteria determined by the lenders to whom you are matched. Not all consumers will qualify for the advertised rates and terms.
You may not be matched with the lender making a particular conditional loan offer, and FreeRateUpdate.com does not guarantee that any lender will make you a conditional loan offer.
FreeRateUpdate.com arranges for a possible loan offer through its network of non-affiliated lenders. See the Privacy Policy for more details.
FICO score means the FICO credit score report that a lender receives from a consumer reporting agency.
FreeRateUpdate.com is not a banker or lender (Service Provider). Leading Service Providers participate in our matching engine who may have loan products available matching the criteria you submit in this interest profile.
The information collected is not an application for credit or a mortgage loan, nor is it used to pre-qualify you with any Service Provider.
Interest rate quoted assumes a FICO score of 700 with a maximum loan-to-value ratio of 70% on a primary single family home.
The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, the location and type of property, and other factors as determined by Lenders.
Not available in all states.
Not all consumers will qualify for these monthly payment terms. Specific rates and terms offered to our applicants by specific lenders and providers within the network may vary.
Rates are subject to change daily without notice.
Payment amounts shown do not include taxes or insurance. The actual payment amount will be greater.
If a lender in our network contacts you and solicits you for a loan application, that lender must make certain disclosures to you as required by the Federal Truth In Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA) and other federal and state laws. These disclosures include details of your cost of credit, good faith estimates of your settlement costs, certain HUD mandated booklets, notice that your mortgage loan servicing may be transferred and your right to a copy of any appraisal performed on your home. The Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of the applicant's income derives from any public assistance program, or because the applicant has, in good faith, exercised any right under the Consumer Credit Protection Act. The Federal Trade Commission administers compliance with these laws and may be contacted at: The Federal Trade Commission, Equal Credit Opportunity, Washington, D.C. 20580. The foregoing requirements are mandatory for all lenders, however, FreeRateUpdate.com makes no representations as to the adequacy or compliance on behalf of any lender as we do not participate in the loan application process or make any credit decisions.

Communication Consent: By clicking the button and submitting your information, you agree to our General Terms and our Privacy Policy, and expressly consent to share your information with our mortgage partners and for us and our partners to contact you (including through automated or prerecorded means) by telephone, mobile device (including SMS and MMS), and email, even if your telephone number is on a corporate, state or national Do Not Call Registry.

LICENSING DISCLOSURE

Alabama
Mortgage Broker License #'22144

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

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

Connecticut
Mortgage Broker License MB-1154338

Florida
Mortgage Broker License MBR1826

Indiana - SOS
Loan Broker License #1154338

Kansas
Mortgage Company License #MC.0025256

Michigan
1st Mortgage Broker License #FL0019773

Minnesota
Residential Mortgage Originator License #MN-MO-1154338

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

New Jersey
FreeRateUpdate.com, 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

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

Texas
SML Mortgage Company, Heath Texas Branch, Branch NMLS ID #1326654

Washington
Mortgage Broker License, #MB-1154338

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.

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 6 Dickinson Drive, Building 300, Suite 301A, Chadds Ford, PA 19137

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