Advertising and Licensing Disclosures

 

ADVERTISING DISCLOSURES

15-year Fixed Rate Mortgage Rates as low as 4.1% (4.4% APR) as of 9/12/24

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

Loan Amount: $350,000, based on an 54% LTV (Home Value $650,00)

Fixed Interest Rate: 4.125%

Annual Percentage Rate: 4.491%

Monthly Payment:  $2,611/ month for 180 monthly payments of principal and interest, plus taxes and insurance

Fees : $9,153; Points 1.959

 

 

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 720 with a maximum loan-to-value ratio of 75% on a primary single family home with a loan of under $766,550.
• Interest rate quoted on Jumbo products assume a FICO of 700 with a maximum loan-to value ratio of 70% on a primary single family home with loan of over $1,149,825.

• 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:   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, 2 Ponds Edge Drive, Chadds Ford, PA 19317, 855-315-7283

California
         FreeRateUpdate.com Corp, 2901 Regulated by the California Department of Real Estate, West Coast Hwy, suite 237, Newport Beach, CA 92663, NMLS #1452444, License #01996413, 610-228-0963.  Freerateupdate.com does not make mortgage loans or commitments 

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

Connecticut
         Mortgage Broker License MB-1154338.  MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER.

Delaware
        Broker License #021791

District of Columbia
         Mortgage Broker License MLB1154338

Florida
         Mortgage Broker License MBR1826

Georgia
         Residential Mortgage Licensee (#46361), 2 Ponds Edge Drive, 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 2 Ponds Edge Drive, 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

Massachusetts
         Exempt per 209 CMR 42.02A (Licensing Exemptions)

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, 2 Ponds Edge Drive, 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, 2 Ponds Edge Drive, Chadds Ford, PA 19317, Licensed Residential Mortgage Broker New Jersey Banking and Insurance Department.

New Mexico
         Mortgage Loan Company License

Ohio
         Freerateupdate.com LLC, RM.804495.000

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, 2 Ponds Edge Drive, 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 2 Ponds Edge Drive, Chadds Ford, PA 19317

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

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