Legal
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The information contained in this website is believed to be reliable, but we do not warrant its completeness, timeliness or accuracy. The information on this website is not intended as an offer or solicitation for any mortgage product or any financial instrument. The information and materials contained in this website - and the terms and conditions of the access to and use of such information and materials - are subject to change without notice. Products and services described may differ among geographic locations, offices and as a result of individual conditions. Not all products and services are offered at all locations. In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
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Assumptions, Disclosures & Disclaimers
ASSUMPTION: The stated APR and interest rate are estimated for our highly qualified clients, for those single-family, owner-occupied properties, where there are no subordinated liens. APR and rate are only available on rate and term refinances and purchases. The loan must include impounds for taxes and insurances. Consumers will qualify with a maximum 60% loan to value, 43% debt-to-income or less, minimum loan amount of $400,000, and a 780 minimum credit score. The actual APR and interest rate may be higher based on your specific situation and not all applicants will qualify for this rate and APR. The APR and Interest Rates are subject to change at any time, with or without notice, and are deemed reliable, but not guaranteed. The Interest Rates and APR stated were available at the time this creative went to print. All loan terms are subject to receipt of a complete application, verification of income, employment, credit review, debt analysis, equity position or home value verification, credit score restrictions, and underwriting approval. Loan interest rates and points may vary based on credit history.
Reverse Mortgage Loans
- At the conclusion of a reverse mortgage, the borrower must repay the loan and may have to sell the home or repay the loan from other proceeds;
- Charges will be assessed with the loan, including an origination fee, closing costs, mortgage insurance premiums, and servicing fees;
- The loan balance grows over time and interest is charged on the outstanding balance;
- The borrower remains responsible for property taxes, hazard insurance, and home maintenance, and failure to pay these amounts may result in the loss of the home; and
- Interest on a reverse mortgage is not tax-deductible until the borrower makes partial or full re-payment.