Our goal is to offer the lowest deliverable rates and closing costs.
Please review our Guaranteed Closing Costs at http://www.loans4less.com/closing.html
Please review our Lock and Float Down Policy, Appraisals and Subordinations at http://www.loans4less.com/policyLockFloat.html.
We offer excellent advice and service to all our borrowers and ask that all your application forms with copies of your supporting documentation are promptly sent to us. For submission details please read the instructions on the email template that we send to you with the Application Forms, Good Faith Estimate & Truth-In-Lending Disclosures.
If your loan is Pre-Locked you will receive an e-mail Lock Confirmation. Locks are for 30 calendar days unless otherwise indicated. A delay in receiving your documentation may cause the rate lock to become null and void.
Loans4Less.com does not quote rates and/or points that are not deliverable. We cannot provide Borrowers with below market non-deliverable interest rates, points and/or closing costs. We do not practice inducement tactics by posting at http://www.loans4less.com/rates.html unrealistic quotes.
We do not sell or pass on your confidential information to any third party and will not order your credit profile report without your prior permission.
Our aim is to make the decision process comfortable and straightforward by providing you with an honest itemized Truth-In-Lending Disclosure and Mortgage Loan Disclosure Statement/Good Faith Estimate from the outset. Your terms will not change unless we deliver to you a revised Truth-In-Lending Disclosure and Mortgage Loan Disclosure Statement/Good Faith Estimate, which you must sign and date and deliver back to us.
It is important to understand that when 'shopping for a loan' using an Annual Percentage Rate (APR) you should also compare the itemized dollar closing costs. Without knowing the actual dollar costs used to calculate the APR, simply using an APR by itself can be misleading and/or confusing. You should compare the non-recurring closing costs and be aware of the recurring costs such as taxes, insurance and/or accrued interest.
If you are refinancing we advise all Borrowers to take into account the new considered loan program, interest rate, closing costs and to calculate the time recovery of those costs in the form of lower monthly payments versus your current outstanding loan amortization schedule.
It is our understanding that Discount and Origination Points are not immediately tax deductible when refinancing. Consult with your tax advisor or CPA as to how this and other factors may affect you.
We will do our best to offer courteous professional service and to complete your loan in a timely manner. We welcome your business and look forward to serving you.
Steven M. Hershman, President