APR is based on a reasonably current index and margin from the Freddie Mac PMMS. This message is for information purposes only and is not an advertisement to extend customer credit as defined by Section 12 CFR 1026.2 Regulation Z. Program rates, terms, and conditions are subject to change at any time. All examples of potential mortgage products above are estimates for illustration purposes only. All programs and mortgage products are subject to borrower income, credit, and property approval. Not all borrowers will qualify. This is not an offer for extension of credit or a commitment to lend. Home valuations are estimates purchased from a third-party data provider. Actual appraised value at the time of a transaction may vary.
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Important Disclosure and Licensing Information
You have preferred status because you are a customer in good-standing. Fees and charges apply and may vary by product and State. Loan secured by a lien against your property. Application required and subject to underwriting approval. Not all applicants will be approved. Interest rate subject to change due to market conditions. If you do not lock in a rate when you apply, your rate at closing may differ from the rate in effect when you applied. Important information relating specifically to your loan will be contained in the loan documents, which alone will establish your rights and obligations under the loan plan. Call for details. Terms, conditions and restrictions apply. The calculation on what you have paid toward principal and interest are estimated based on the available data and may not account for principal reductions, early or late payment penalties or other fees. To obtain exact and available options for your personal circumstances, please contact your lender.
We will transfer your escrow account balance from your current loan to your new loan. If your current escrow account is insufficient due to changes in taxes or insurance, we may require additional money when you close on your new loan. By consolidating or refinancing your existing debts, you may increase the time needed to repay the debt and/or the finance charges and the total loan amount.
For loans over one year in age, we estimated the home value of your property using an automated valuation model (AVM) that analyzes recent property sales in your area to estimate the value of your property. The valuations are estimated based on available data and do not constitute an appraisal of the subject property and should not be relied upon in lieu of underwriting or an appraisal. A full appraisal will be required with your loan application to determine the actual value of your property, which may differ from the AVM estimate. The estimated cash-out available is calculated by subtracting your current loan balance from the AVM estimate of your property value and assumes closing costs are paid in cash. Additional liens on your property will impact the amount of cash available.
Homebot provides the content in this webpage for informative purposes only. It is not intended to imply that a loan will be originated or approved by HUD, FHA, VA or any government-sponsored enterprise.