Reducings.com 4719 Viewridge Ave. San Diego, CA 92123
This service is designed to provide the consumer leverage in regard to having the opportunity to choose from multiple low rate offers provided by multiple competing, top, direct lenders. When lenders know they are competing to earn your business, they are naturally inclined to provide their lowest/best mortgage rates up-front thus shifting the important balance of power from lender to consumer. This is not an application for a mortgage loan, nor is it used to pre-qualify you with any lender; but rather intended to provide you an opportunity to engage multiple lenders simultaneously thus applying pressure for them to outmatch one another on your behalf. If you are contacted by a lender or broker currently advertising within our network, your quoted rate may be higher depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and/or other factors. Services may not be available in all states.
The services provided by Reducings.com are free of charge.
Record Low Rates as Low as 2.75% (2.89% APR) – Disclosure as of October 15th, 2018
The advertised loan is a 5/1 ARM (Adjustable Rate Mortgage) with a 30-year fully amortizing term
The initial interest rate 2.75% is fixed for 5 years
After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (0.56% as of October 15, 2018) plus a margin of 2.44%.
The maximum periodic change in the interest rate is 2% with a maximum rate increase of 5.5% above the initial interest rate.
Interest rate quoted assumes a FICO score of 740 or higher, debt-to-income ratios of 35% or lower, asset and reserve requirements are met, your property has a loan-to-value of 80% or less on a single family primary residence with a balance up to $417,000
Not available in all states.
Rates are subject to change daily without notice.
Payment amounts shown do not include taxes or insurance.
Rate-Watch is not acting as a lender or broker and does not make loans, loan commitments, or lock-rates. The information provided by you to Rate-Watch is not an application for a mortgage loan nor is it used to pre-qualify you with any lender. 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 and/or other factors and criteria determined by the lenders to whom you are matched. Rate-Watch does not offer its matching services in all states. Not all consumers will qualify for the advertised rates, programs and terms.
This sample disclosure is intended for informational purposes only and does not constitute legal advice.