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- The advertised loan is a 5/1 ARM (Adjustable Rate Mortgage) with a 30-year fully amortizing term from actual offers posted to consumers by Network Lenders.
- After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (0.82% as of October 6, 2015) plus a margin of 2.17%.
- The maximum periodic change in the interest rate is 2% with a maximum rate increase of 5.5% above the initial interest rate.
- If the interest rate adjusted to the maximum rate (which could not occur until after the fifth year), the maximum monthly payment for each loan amount would be: $1241 for $175,000; $1410 for $200,000; $1671 for $225,000; $1763 for $250,000; $2821 for $400,000.
- There is no prepayment penalty.
- The Annual Percentage Rate (APR) is variable and is subject to increase or decrease, so your payments may increase or decrease each year after the initial period.
- The chart below shows the interest rate, APR, and the initial monthly payments:
__Payment Examples__**Loan Amount****Initial**

Interest Rate

(for 60 months)**APR****Initial Monthly**

Payments

(for 60 months)$175,000 3.13% 3.20% $750 $200,000 2.88% 3.06% $830 $225,000 2.63% 2.97% $904 $250,000 2.88% 3.09% $1037 $400,000 2.88% 3.06% $1660 __Disclosure Assumptions__- Interest rate quoted assumes a FICO score of 720 with a maximum loan-to-value ratio of 80% on a primary residence.
- 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.
- The initial interest rate is fixed for 5 years. The disclosed APR is based on 0 discount points, 1790% origination fee and $0 additional prepaid finance charges which will be due at closing. First adjusted payment will likely increase to approximately $780.
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- The advertised loan is a 5/1 ARM (Adjustable Rate Mortgage) with a 30-year fully amortizing term from actual offers posted to consumers by Network Lenders.
- After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (0.82% as of October 6, 2015) plus a margin of 2.10%.
- The maximum periodic change in the interest rate is 2% with a maximum rate increase of 5.5% above the initial interest rate.
- If the interest rate adjusted to the maximum rate (which could not occur until after the fifth year), the maximum monthly payment for each loan amount would be: $1241 for $175,000; $1410 for $200,000; $1671 for $225,000; $1763 for $250,000; $2821 for $400,000.
- There is no prepayment penalty.
- The Annual Percentage Rate (APR) is variable and is subject to increase or decrease, so your payments may increase or decrease each year after the initial period.
- The chart below shows the interest rate, APR, and the initial monthly payments:
__Payment Examples__**Loan Amount****Initial**

Interest Rate

(for 60 months)**APR****Initial Monthly**

Payments

(for 60 months)$175,000 3.13% 3.20% $750 $200,000 2.88% 3.06% $830 $225,000 2.63% 2.97% $904 $250,000 2.88% 3.09% $1037 $400,000 2.88% 3.06% $1660

__Disclosure Assumptions__- Interest rate quoted assumes a FICO score of 720 with a maximum loan-to-value ratio of 80% on a primary residence.
- 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.
- The initial interest rate is fixed for 5 years. The disclosed APR is based on 0 discount points, 2075%% origination fee and $0 additional prepaid finance charges which will be due at closing. First adjusted payment will likely increase to approximately $1024 .
- Interest rate and APR are variable and subject to increase
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- The advertised loan is a 5/1 ARM (Adjustable Rate Mortgage) with a 30-year fully amortizing term from actual offers posted to consumers by Network Lenders.
- After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (0.82% as of October 6, 2015) plus a margin of 2.06%.
- The maximum periodic change in the interest rate is 2% with a maximum rate increase of 5.5% above the initial interest rate.
- If the interest rate adjusted to the maximum rate (which could not occur until after the fifth year), the maximum monthly payment for each loan amount would be: $1241 for $175,000; $1410 for $200,000; $1671 for $225,000; $1763 for $250,000; $2821 for $400,000.
- There is no prepayment penalty.
- The Annual Percentage Rate (APR) is variable and is subject to increase or decrease, so your payments may increase or decrease each year.
- The chart below shows the interest rate, APR, and the initial monthly payments:
__Payment Examples__**Loan Amount****Initial**

Interest Rate

(for 60 months)**APR****Initial Monthly**

Payments

(for 60 months)$175,000 3.13% 3.20% $750 $200,000 2.88% 3.06% $830 $225,000 2.63% 2.97% $904 $250,000 2.88% 3.09% $1037 $400,000 2.88% 3.06% $1660 __Disclosure Assumptions__- Interest rate quoted assumes a FICO score of 720 with a maximum loan-to-value ratio of 80% on a primary residence.
- 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.
- The initial interest rate is fixed for 5 years. The disclosed APR is based on 0 discount points, 0% origination fee and $570 in additional prepaid finance charges which will be due at closing. First adjusted payment will likely increase to approximately $1280.
- Interest rate and APR are variable and subject to increase
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- The initial interest rate is 3% for 60 months. The disclosed APR is based on 0 discount points, 0% origination fee and $725 in additional prepaid finance charges due at closing.
- The APR is 3.08% with an initial payment of $2108 for the first 60 months.
- After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (0.82% as of October 6, 2015) plus a margin of 2.08%. First adjusted payment will likely increase to approximately $1536.
- If the interest rate adjusted to the maximum rate (which could not occur until after the fifth year), the maximum monthly payment would be $3537 for $500,000.
- There is no prepayment penalty.
- The Annual Percentage Rate (APR) is variable and is subject to increase or decrease, so your payments may increase or decrease each year.
__Disclosure Assumptions__- 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.
- Interest rate and APR are variable and subject to increase
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- Savings based on a refinancing a 30-year fixed-rate mortgage with a 7.25% interest rate with one at a 5.5% interest rate. The difference in savings is approximately $100 per month for every $100,000 financed. This analysis does not consider any closing costs or the effect of possibly lengthening the term of the loan. The chart below shows sample savings for different loan amounts and is not a credit advertisement for any particular program or an offered or marketed rate:
**Loan Amount****Savings at 5.5%****Monthly****Annually****Life of Loan**$200,000 $200 $2,400 $72,000 $300,000 $300 $3,600 $108,000 $400,000 $400 $4,800 $144,000 $500,000 $500 $6,000 $180,000

- Savings based on a refinancing a 30-year fixed-rate mortgage with a 7.25% interest rate with one at a 5.5% interest rate. The difference in savings is approximately $100 per month for every $100,000 financed. This analysis does not consider any closing costs or the effect of possibly lengthening the term of the loan. The chart below shows sample savings for different loan amounts and is not a credit advertisement for any particular program or an offered or marketed rate:
**Loan Amount****Savings at 5.5%****Monthly****Annually****Life of Loan**$200,000 $200 $2,400 $72,000 $300,000 $300 $3,600 $108,000 $400,000 $400 $4,800 $144,000 $500,000 $500 $6,000 $180,000

- Savings based on a refinancing a 30-year fixed-rate mortgage with a 7.25% interest rate with one at a 5.5% interest rate. The difference in savings is approximately $100 per month for every $100,000 financed. This analysis does not consider any closing costs or the effect of possibly lengthening the term of the loan. The chart below shows sample savings for different loan amounts and is not a credit advertisement for any particular program or an offered or marketed rate:
**Loan Amount****Savings at 5.5%****Monthly****Annually****Life of Loan**$200,000 $200 $2,400 $72,000 $300,000 $300 $3,600 $108,000 $400,000 $400 $4,800 $144,000 $500,000 $500 $6,000 $180,000

- Savings based on a refinancing a 30-year fixed-rate mortgage with a 7.25% interest rate with one at a 5.5% interest rate. The difference in savings is approximately $100 per month for every $100,000 financed. This analysis does not consider any closing costs or the effect of possibly lengthening the term of the loan. The chart below shows sample savings for different loan amounts and is not a credit advertisement for any particular program or an offered or marketed rate:
**Loan Amount****Savings at 5.5%****Monthly****Annually****Life of Loan**$200,000 $200 $2,400 $72,000 $300,000 $300 $3,600 $108,000 $400,000 $400 $4,800 $144,000 $500,000 $500 $6,000 $180,000

- The advertised loan is a 15-year fixed rate full amortizing loan, assuming a $225,000 loan amount and a 2.75% interest rate.
- This loan has 180 monthly principal and interest payments of $1527. The disclosed APR is based on 0 discount points, 0% origination fee and $254 in additional prepaid finance charges due at closing.
- The Annual Percentage Rate (APR) is 2.78%.
- 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.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- The advertised loan is a 30-year fixed rate fully amortizing loan, assuming a $225,000 loan amount and a 3.63% interest rate.
- This loan has 360 monthly principal and interest payments of $1042. The disclosed APR is based on 0 discount points, 0% origination fee and $695 in additional prepaid finance charges due at closing.
- The Annual Percentage Rate (APR) is 3.75%.
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (0.82% as of October 6, 2015) plus a margin of 2.10%.
- If the interest rate adjusted to the maximum rate (which could not occur until after the fifth year), the maximum monthly payment would be $1671 for $225,000.
- There is no prepayment penalty.
- The Annual Percentage Rate (APR) is variable and is subject to increase or decrease, so your payments may increase or decrease each year after the initial period.
- The chart below shows the interest rate, APR, and the initial monthly payment:
__Payment Examples__**Loan Amount****Initial**

Interest Rate

(for 60 months)**APR****Initial Monthly**

Payments

(for 60 months)$225,000 2.63% 2.97% $904 __Disclosure Assumptions__- 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.
- The initial interest rate is fixed for 5 years. The disclosed APR is based on 0 discount point, 2075% origination fee and $0 additional prepaid finance charges which will be due at closing. First adjusted payment will likely increase to approximately $1024.
- Interest rate and APR are variable and subject to increase
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes, insurance or Private Mortgage Insurance which will impact the monthly payment amount until required LTV is met.

- The advertised loan is a 30-year fixed rate fully amortizing loan for $175,000.
- The interest rate is 4.13%.
- The 360 monthly principal and interest payments are $848. The disclosed APR is based on 0 discount points, 0% origination fee and $725 in additional prepaid finance charges due at closing.
- The Annual Percentage Rate (APR) is 4.19%.
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- The advertised loan is a 30-year fixed rate fully amortizing loan.
- The interest rate is 3.75%. The disclosed APR is based on 0 discount points, 0% origination fee and $695 in additional prepaid finance charges due at closing.
- For a $200,000 loan, there is a 3.75% APR with 360 monthly principal and interest payments of $926.
- 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.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- The advertised loan is a 30-year fixed rate fully amortizing loan.
- The interest rate is 3.75%. The disclosed APR is based on 0 discount points, 0% origination fee and $0 in additional prepaid finance charges due at closing.
- For a $300,000 loan, there is a 3.75% APR with 360 monthly principal and interest payments of $1389.
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- The initial interest rate is 2.88% for 60 months. The disclosed APR is based on 0.17 discount points, 0% origination fee and $445 in additional prepaid finance charges which will be due at closing. First adjusted payment will likely increase to approximately $1792.
- For a $300,000 loan, there is a 3.08% APR with an initial monthly principal and interest payment of $1245 for the first 60 months.
- After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (0.82% as of October 6, 2015) plus a margin of 2.05%.
- If the interest rate adjusted to the maximum rate (which could not occur until after the fifth year), the maximum monthly payment would be $2116 for $300,000.
- There is no prepayment penalty.
__Disclosure Assumptions__- Interest rate quoted assumes a FICO score of 720 with a maximum loan-to-value ratio of 80% on a primary residence
- Interest rate and APR are variable and subject to increase
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- The advertised loan is a 30-year fixed rate fully amortizing loan.
- The interest rate is 3.75%. The disclosed APR is based on 0 discount points, 0% origination fee and $445 in additional prepaid finance charges due at closing.
- For a $250,000 loan, there is a 3.83% APR with 360 monthly principal and interest payments of $1158.
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- The advertised loan is a 30-year fixed rate fully amortizing loan.
- The interest rate is 3.75%. The disclosed APR is based on 0 discount points, 0% origination fee and $695 in additional prepaid finance charges due at closing.
- For a $200,000 loan, there is a 3.75% APR with 360 monthly principal and interest payments of $926.
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

30-year mortgage for $250,000 | Current Rate | New Rate |

Interest Rate | 6% | 4.875% |

Monthly Payment | $1,499 | $1,324 |

Total Payment at 5 years | $89,932 | $79,381 |

- The advertised loan is a 15-year fixed rate fully amortizing loan, assuming a $250,000 loan amount and a 3% interest rate.
- This loan has 180 monthly principal and interest payments of $1726.
- The Annual Percentage Rate (APR) is 3%. The disclosed APR is based on 0 discount points, 0% origination fee and $695 in additional prepaid finance charges due at closing.
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (0.82% as of October 6, 2015) plus a margin of 2.11%.
- If the interest rate adjusted to the maximum rate (which could not occur until after the fifth year), the maximum monthly payment for each loan amount would be: $1061 for $150,000; $2468 for $350,000; $3192 for $450,000; $4951 for $700,000; $5305 for $750,000; $6699 for $950,000.
- There is no prepayment penalty.
- The chart below shows the interest rate, APR, and the initial monthly payments:
__Payment Examples__**Loan Amount****Initial**

Interest Rate

(for 60 months)**APR****Initial Monthly**

Payments

(for 60 months)$150,000 3% 3.14% $632 $350,000 2.88% 3.09% $1452 $450,000 3.13% 3.15% $1928 $700,000 3% 3.11% $2951 $750,000 3% 3.11% $3162 $950,000 2.88% 2.88% $3941 __Disclosure Assumptions__- The initial interest rate is fixed for 5 years. The disclosed APR is based on 0 discount points, 0% origination fee and $725 in additional prepaid finance charges which will be due at closing. First adjusted payment will likely increase to approximately $2048.
- Interest rate and APR are variable and subject to increase
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (0.82 as of October 6, 2015) plus a margin of 2.09%.
- If the interest rate adjusted to the maximum rate (which could not occur until after the fifth year), the maximum monthly payment for each loan amount would be: $1061 for $150,000; $1410 for $200,000; $1671 for $225,000; $2116 for $300,000;$2468 for $350,000; $3192 for $450,000; $4951 for $700,000; $5305 for $750,000; $6699 for $950,000.
- There is no prepayment penalty.
- The chart below shows the interest rate, APR, and the initial monthly payments:
__Payment Examples__**Loan Amount****Initial**

Interest Rate

(for 60 months)**APR****Initial Monthly**

Payments

(for 60 months)$150,000 3% 3.14% $632 $200,000 2.88% 3.06% $830 $225,000 2.63% 2.97% $904 $300,000 2.88% 3.08% $1245 $350,000 2.88% 3.09% $1452 $450,000 3.13% 3.15% $1928 $700,000 3% 3.11% $2951 $750,000 3% 3.11% $3162 $950,000 2.88% 2.88% $3941 __Disclosure Assumptions__- The initial interest rate is fixed for 5 years. The disclosed APR is based on 0 discount points, 1595% origination fee and $445 in additional prepaid finance charges due at closing. First adjusted payment will likely increase to approximately $2373 .
- Interest rate and APR are variable and subject to increase
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (0.82 as of October 6, 2015) plus a margin of 2.14%.
- If the interest rate adjusted to the maximum rate (which could not occur until after the fifth year), the maximum monthly payment for each loan amount would be: $1061 for $150,000; $2468 for $350,000; $3192 for $450,000; $4951 for $700,000; $5305 for $750,000; $6699 for $950,000.
- There is no prepayment penalty.
- The chart below shows the interest rate, APR, and the initial monthly payments:
__Payment Examples__**Loan Amount****Initial**

Interest Rate

(for 60 months)**APR****Initial Monthly**

Payments

(for 60 months)$150,000 3% 3.14% $632 $350,000 2.88% 3.09% $1452 $450,000 3.13% 3.15% $1928 $700,000 3% 3.11% $2951 $750,000 3% 3.11% $3162 $950,000 2.88% 2.88% $3941

__Disclosure Assumptions__- The initial interest rate is fixed for 5 years. The disclosed APR is based on 0 discount points, 0% origination fee and $725 in additional prepaid finance charges due at closing. First adjusted payment will likely increase to approximately $2599.
- Interest rate and APR are variable and subject to increase
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (0.82 as of October 6, 2015) plus a margin of 2.11%.
- If the interest rate adjusted to the maximum rate (which could not occur until after the fifth year), the maximum monthly payment for each loan amount would be: $1061 for $150,000; $2468 for $350,000; $3192 for $450,000; $4951 for $700,000; $5305 for $750,000; $6699 for $950,000.
- There is no prepayment penalty.
- The chart below shows the interest rate, APR, and the initial monthly payments:
__Payment Examples__**Loan Amount****Initial**

Interest Rate

(for 60 months)**APR****Initial Monthly**

Payments

(for 60 months)$150,000 3% 3.14% $632 $350,000 2.88% 3.09% $1452 $450,000 3.13% 3.15% $1928 $700,000 3% 3.11% $2951 $750,000 3% 3.11% $3162 $950,000 2.88% 2.88% $3941 __Disclosure Assumptions__- The initial interest rate is fixed for 5 years. The disclosed APR is based on 0 discount points, 0% origination fee and $725 in additional prepaid finance charges due at closing. First adjusted payment will likely increase to approximately $3638 .
- Interest rate and APR are variable and subject to increase
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (0.82 as of October 6, 2015) plus a margin of 2.11%.
- There is no prepayment penalty.
- The chart below shows the interest rate, APR, and the initial monthly payments:
__Payment Examples__**Loan Amount****Initial**

Interest Rate

(for 60 months)**APR****Initial Monthly**

Payments

(for 60 months)$150,000 3% 3.14% $632 $350,000 2.88% 3.09% $1452 $450,000 3.13% 3.15% $1928 $700,000 3% 3.11% $2951 $750,000 3% 3.11% $3162 $950,000 2.88% 2.88% $3941 __Disclosure Assumptions__- The initial interest rate is fixed for 5 years. The disclosed APR is based on 0 discount points, 0% origination fee and $725 in additional prepaid finance charges due at closing. First adjusted payment will likely increase to approximately $3898.
- Interest rate and APR are variable and subject to increase
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (0.82 as of October 6, 2015) plus a margin of 1.87%.
- If the interest rate adjusted to the maximum rate (which could not occur until after the fifth year), the maximum monthly payment for each loan amount would be: $1061 for $150,000; $1410 for $200,000; $1671 for $225,000; $2116 for $300,000;$2468 for $350,000; $3192 for $450,000; $4951 for $700,000; $5305 for $750,000; $6699 for $950,000.
- There is no prepayment penalty.
- The chart below shows the interest rate, APR, and the initial monthly payments:
__Payment Examples__**Loan Amount****Initial**

Interest Rate

(for 60 months)**APR****Initial Monthly**

Payments

(for 60 months)$150,000 3% 3.14% $632 $200,000 2.88% 3.06% $830 $225,000 2.63% 2.97% $904 $300,000 2.88% 3.08% $1245 $350,000 2.88% 3.09% $1452 $450,000 3.13% 3.15% $1928 $700,000 3% 3.11% $2951 $750,000 3% 3.11% $3162 $950,000 2.88% 2.88% $3941 __Disclosure Assumptions__- The initial interest rate is fixed for 5 years. The disclosed APR is based on 0 discount points, 0% origination fee and $0 in additional prepaid finance charges due at closing. First adjusted payment will likely increase to approximately $4865.
- Interest rate and APR are variable and subject to increase
- Not available in all states.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- Veterans;
- Active duty personnel;
- Certain National Guard members and Reservists;
- Surviving spouses of person who were killed in the line of duty or as a result of a service-connected disability;
- Certain spouses of active duty personnel who are (a) missing in action, (b) captured in line of duty by a hostile force, (c) or forcibly detained by a foreign government or power; and
- Certain other qualified members. See more on eligibility at www.benefits.va.gov/homeloans/lp.asp

- No Down Payment and 100% Financing if the sales price does not exceed the appraised value;
- No Private Mortgage Insurance;
- Limits on the amount you can be charged for closing costs;
- No early pre-payment penalty; and
- The maximum guaranty amount (for loans over $144,000) is 25% of the 2012 VA Loan Limits shown at www.benefits.va.gov/homeloans/loan_limits.asp

A cash-out refinance is a refinance loan product that allows you to borrow against the available home equity on your residence and to receive a lump sum of cash upon closing. To qualify, the balance on your current first loan plus the cash out amount needs to equal no more than 85% of the appraised value of your home. This percentage is called your loan-to-value ratio or LTV, and it's how lenders, not fetcharate.com, determine whether you have enough equity in your home to qualify for a refinance or a cash-out refinance. In addition, some states provide that it is unlawful for any person to broker or make a refinancing of a residential mortgage loan when the refinancing charges additional points and fees, within a 12-month period after the original loan agreement was signed, unless the refinancing results in a reasonable, tangible net benefit to the borrower, considering all of the circumstances surrounding the refinancing.

Example:

If you have had a 30-year mortgage for 5 years, and you refinance it for another 30-year mortgage, you will have extended your mortgage payments for another 5 years, resulting in payment of more overall interest expenses. However, depending on your particular financial situation and LTV refinancing in this scenario may increase the total number of monthly payments and/or the total amount paid when compared to your current situation. (i.e. 35 years of payments versus 30 years, however, if your interest rate is reduced by 2% you may realize interest savings over the life of the loan). However, be mindful of financing refinance closing costs and adding that expense to the loan balance. Consider the length of time you plan to stay in the home and ask your mortgage professional to assist you in determining your break-even point if you choose to do this type of refinance. It is important that you consider your individual circumstances, wants and needs when selecting this, or any mortgage product. The benefits of these alternatives may vary over time and will depend on individual circumstances. The longer you keep the property and your loan at the new rate and term, the more interest savings may be realized when compared to your current situation.

Freddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP. You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites: www.freddiemac.com/mymortgage or http://www.fanniemae.com/loanlookup. Current HARP yearly average savings as of December 31, 2014, were $4,130, that is an average monthly savings of $290 a month for consumers who were eligible for HARP. Approximately 34% of consumers shortened their loan term from 30 years to 15 years according to the same report in the Fourth Quarter of 2014. More details can be found at: http://www.freddiemac.com/finance/pdf/RefiReport2015Q1.pdf

General eligibility restrictions apply:

- Home loans must be backed by the government-sponsored enterprises (GSEs) Fannie Mae or Freddie Mac. Check with Fannie Mae and Freddie Mac before applying.
- Mortgages must have been sold to GSEs on or before May 31, 2009.
- Loan-to-value (LTV) ratio must exceed 80% percent (for program participating lenders other than fetcharate.com Network Lenders)
- fetcharate.com participating Network Lenders have Maximum LTV values of 97% to 125%; however speak to the lender(s) in detail regarding this matter to determine your particular circumstances and explore additional opportunities that may be available since the January 2014 rule changes took effect.
- Mortgages must be current, with no late payments in the past 12 months.
- The program is set to expire December 31, 2016.
- Eligibility criteria is provided as guidance only; please speak with a licensed loan officer or a lender in order to determine your actual eligibility.
- Program may not be available from all Network Lenders and/or you may be better served by another loan product or program.

Reverse mortgages typically are “rising debt, falling equity” loans, in which the loan balance increases and the home equity decreases over time. As the borrower receives payments from the lender, the lender adds the principal and interest to the loan balance, reducing the homeowner’s equity. The loan amount that a lender can advance to a borrower depends on three factors. First, the loan amount is based on the “maximum claim amount,” which is defined as the lesser of the appraised value of the house. Second, the age of the borrower affects the borrower’s loan amount—the older the borrower, the higher the loan amount. However, if there is more than one homeowner, the loan amount is based on the age of the youngest borrower. Third, the interest rate also affects the loan amount. Typically, the lower the interest rate, the higher the loan amount.

General eligibility restrictions and requirements:

- Borrower must be at least 62;
- Must speak to a HUD Approved Housing Counselor;
- Home must be your primary residence; and
- Borrower cannot have any delinquencies on any federal debt, suspensions, debarments, or excluded participation from FHA programs in order to qualify for HECM or HECM Saver.
- You must have paid off most, or all of your traditional mortgage.

- Only pay taxes and insurance (no principal and interest mortgage payment) while you live in your home;
- No income, medical, or credit requirements; and
- As long as you live in the home you can choose several payout options that fit your financial need.
- Line of Credit - you only pay interest on money you use. The amount of money available to you can grow over time.
- Monthly Payout - the monthly amount may grow over time and can be a good choice if you need additional monthly income to cover day-to-day expenses.
- Lump Sum - this is a bit more risky. If you borrower more than you need, you will be required to pay interest on all of it even if you don't use it all.

- Loan Origination Fee;
- Third Party Fees (such as appraisal, inspection, title policy etc.);
- FHA Mortgage Insurance Premiums;
- Servicing Fees; and
- Interest.

HECM for Purchase program is available to allow seniors to purchase a new primary residence and obtain a reverse mortgage within a single transaction. The program is also designed to assist in relocation to other geographical areas, downsize, or to purchase a home that meet their physical needs, Eligibility is similar to that of a Reverse Mortgage/HECM but there are some variations, at least one of the borrowers be 62 or older, and intend to purchase a new primaryresidence using loan proceeds from a reverse mortgage.

Certain properties are ineligibe for the program, such as:

- Cooperative units
- Newly constructed residences where a Certificate of Occupancy or its equivalent has not been issued by the appropriate local authority
- Boarding houses
- Bed and breakfast establishments
- Existing manufactured homes built before June 15, 1976; and
- Existing manufactured homes built after June 15, 1976 that fail to conform to the Manufactured Home Construction Safety Standards, as evidenced by affixed certification labels (e.g., data plate and HUD certification label) and/or lack a permanent foundation as required in HUD's Permanent Foundations for Manufactured Housing Guide or homes that are installed or were occupied previously at another site or location.

If you want further assistance fetcharate.com strongly encourages you to visit the

The pre-qualification you receive is based upon preliminary unverified information, which although deemed to be reliable, is not guaranteed to be correct. A final loan decision cannot be made until a complete mortgage application and supporting documentation is received and verified by the lender you choose to finance your home purchase. Your prequalification letter does not guarantee loan approval, nor is it an offer or commitment to make a loan at current advertised rates or terms found on fetcharate.com’s Website. Interest Rates are subject to change without notice and may affect the loan amount for which you qualify. Product and services may not be available in all states.

~~Disclosure 103

Home EquityLoan/Home Equity Line of Credit

Home Equity Loan/Home Equity Line of Credit

If your home is worth more than you owe you may be able to borrower again that portion of available equity in your home. So which product is right for you? You should talk to your personal financial advisor before making any decisions. If you become delinquent on your payments to your mortgage and your home equity loan you could lose your home in a foreclosure proceeding. Think about the additional monthly payment and if you truly have an ability to repay it. Be honest with your lender and provide all the requested documents and fill out a formal application with the lender you choose, pay attention to points, fees, interest rates and terms associated with each product and find the one that suits your personal financial situation.

__Home Equity Loans:__ Most Home Equity Loans have a fixed interest rate, so your monthly payment will be the same for the agreed upon term. The interest paid is generally tax deductible, but always find out for sure through your financial and/or tax advisor. Qualifying for a Home Equity Loan depends on the underwriting criteria set by the lender, the available equity in your home and your ability to repay the loan. Generally lenders review your credit score, credit history, employment history, debt, income and ability to repay. Some lenders require that you have an account with them and have a certain percentage of equity in your home to qualify. Ask them what up-front fees are assessed and if there are any pre-payment penalties.

__Home Equity Line of Credit:__ A Home Equity Line of Credit (HELOC) is a type of loan also takes a security interest in your home but allows you to have a “draw period” so that you can access the line of credit (like a credit card) when you need it. Terms for repayment can be 25 years with a period to draw off the amount for 10 years. Maybe you don’t need all the money at once and this way you can use what you need and begin repayments and draw again (during the prescribed time) when you need it again.

__“As Low As Rates” as of May 31, 2015:__

$25,000 - “As low as 4.72% APR”

$50,000 - “As low as 3.74% APR”

“As Low As Rates” are the lowest rates that most consumers at fetcharate.com were able to get. Some consumers received lower rates, and other consumers received higher rates, but a typical consumer can get rates as low as the above rates.

fetcharate.com does not warrant lender information/data and makes no claim to the availability or terms associated with these products. Ask what criterion is required to qualify for each lender and for each product. Please weigh your options carefully. Rate and terms may change at any time before or after account opening and vary by property type, loan amount, credit history, lien position, and loan-to-value (LTV) ratio, debt-to-income (DTI) ratio, FICO score and draw amount at closing, if product is chosen. Generally, home equity loans are not available for homes currently for sale. Homes previously listed for sale must generally be off the market for at least ninety days prior to applying to lenders for a home equity loan or HELOC. Rates subject to change daily and minimum line amounts may apply. All accounts are subject to individual lender approval. See also http://files.consumerfinance.gov/f/201204_CFPB_HELOC-brochure.pdf

fetcharate.com is not a creditor as it does not offer, extend or alter credit; rather it is an online market lead generator that allows consumers to shop and compare rates, terms and costs associated with financial products such as mortgages, auto loans, personal loans, student loans, etc. fetcharate.com does not originate or fund any product it markets; rather it has a Network of Lenders who compete for your business. You may choose to speak with none, one or more of these Lenders to determine what your actual terms and savings may be. Only a lender can provide you with a formal application for credit, your inquiry form here is merely an expression of interest and/or intent to obtain credit. You must discuss your actual credit situation and fill out the lenders required documents prior to obtaining an extension of credit. Network Lenders may not have the best or the lowest rates so you are encouraged to continue to shop and compare additional lenders, credit unions, local financial institutions etc. to ensure you are truly getting your best deal for your situation.

You should contact your tax professional or other financial advisor to determine if you can actually realize savings by refinancing when it can extend the life of your current loan. You should ask the lender about all terms, rates, fees and costs associated with each product and if you will realize a net tangible benefit from the same. All initial estimated savings is done by trying to calculate what your rate may be; however, fetcharate.com does not have that information and cannot guarantee potential savings or that lenders will approve you for such product that would warrant those savings. All uses of estimated potential savings are examples only. fetcharate.com gathers information from the past 30 days of customer matches for the product indicated. A calculator is then utilized to find consumers that self-reported similar financial information in their inquiry form, and who received "matches" for the average rate, term and amount (minus taxes, insurance, and costs) at the lowest match rate for that time period. More particularly, the most lenders across the Network, offering the same low rate, assuming the same range of self-reported credit, estimated loan amount, estimated loan balance, location and 80% or better loan-to-value. Rates are not guaranteed and change daily. Lenders/Brokers/Dealers/Partners that perform the actual underwriting will have to determine if you meet their underwriting criteria which is unknown to fetcharate.com at the time of matching/offer/quote delivery. All amounts are estimates and examples only and do not represent an actual offer.

Current Factoids indicate that the average credit score is 681, such information was obtained from based on several years of data compiled from reports based on FICO scores at the time of origination and that may not be indicative of the borrowers' credit worthiness at December 31, 2013. FICO scores can range between 300 and 850 points. Freddie Mac delivered a presentation in September 2014 at http://www.freddiemac.com/investors/pdffiles/investor-presentation.pdf (page 37) that provided the following information regarding average credit scores for total purchases of single family homes over the following years:

2009 - Average Score 756

2010 - Average Score 755

2011 - Average Score 755

2012 - Average Score 756

2013 - Average Score 749

2014 - Average Score 747 (YTD September 2014)

The Average VantageScore® 3.0 is 681 and the full range of scores are 300 to 850. Individuals with lower scores are seen as a higher risk by creditors. http://www.experian.com/live-credit-smart/state-of-credit-2013.html

Factoid regarding 58% of Americans not knowing their credit score can be found at: http://www.prnewswire.com/news-releases/halloween-fright-most-consumers-dont-know-their-credit-score-229270961.htmlas well another interesting fact at http://guides.wsj.com/personal-finance/credit/how-to-monitor-your-credit-score-and-credit-report/. The article went on to say that higher credit scores generally equate to lower interest rates. In 2007, the national average FICO score was 723 and 58% of Americans have a higher score than 700, according to Fair Isaac.

Getting your Credit Score through fetcharate.com is done by what is deemed a "soft inquiry" of credit and it does not impact your credit score. It is the same as you looking at your credit score and/or obtaining your full annual Free Credit Report available at www.AnnualCreditReport.com or by calling 877-322-8228.

Average U.S. credit card debt of $7,087 can be found at: http://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/. In addition, most of that debt had been carried for at least two years. In addition see http://www.prweb.com/releases/2014/04/prweb11753416.htm.

Using more than 80% of your available credit may result in a lower credit score factoid can be found at: http://www.creditreport.org/good-credit-score/

Only a lender with whom you provide all of your information in a formal application can tell you what the net tangible benefit will be by refinancing your loan. The calculator is done simply to assist you in seeing what other consumers, similarly situated to you received back as offers and at what rates they received the same. fetcharate.com cannot warrant or guarantee any estimated interest rate comparison will be what you are offered by its Network of Lenders. Rates change daily, subject to lender verification and lender terms and conditions.

Discuss all pricing, terms and all fees, including a zero fee alternative, with the lender(s) you choose to conduct business with upon receiving your quote. The approximate costs of finance charges, fees, rate and APR in the examples do not constitute an offer to lend are not to be substituted for a Truth in Lending Act Disclosure (TILA) or a Good Faith Estimate (GFE) that you will receive once you formally apply for a loan. fetcharate.com is not a creditor and it does not offer, alter or modify current or future credit terms. fetcharate.com does not originate loans it is a marketing lead generator that performs solicitation for mortgage products without participating in the origination process.

fetcharate.com charges the Network Lenders a “Lead Fee” for its services, fees are never charged to the consumer. Network Lenders are not to impose this “Lead Fee” upon the consumer as it is a marketing replacement cost that should be absorbed by each Lender. The Lead Fee will not exceed $290 based on the current fair market value (FMV) of the goods, services and facilities being provided by fetcharate.com to its Network Lenders. Lead fees are subject to change based on several factors including, but not limited to, market conditions, product, geographic location, filter sets chosen, etc.

- The advertised loan is a VA 5/1 ARM (Adjustable Rate Mortgage) with a 30-year fully amortizing term from actual offers posted to consumers by Network Lenders.
- After the initial period, the variable interest rate and payment will adjust every year and equal the total of the 12-month LIBOR index (0.82% as of October 6, 2015) plus a margin of 2.10%. (
**NOTE**:**Your Lender may use another index such as Treasury, Prime etc. this can impact the overall rate and APR you are quoted so ask your lender what index it uses**). - The maximum periodic change in the interest rate is 2% with a maximum rate increase of 5.5% above the initial interest rate. (
**NOTE: VA Hybrid ARMs utilized a maximum periodic change in interest of 1% and the maximum rate increase is 5% above the initial interest rate ASK YOUR LENDER what the maximum increase will be after your initial rate period ends and what the maximum rate will be on your individual loan**). - If the interest rate adjusted to the maximum rate (which could not occur until after the fifth year), the maximum monthly payment would be $1572 for $225,000.
- There is no prepayment penalty.
- The chart below shows the interest rate, APR, and the initial monthly payment:
__Payment Examples__**Loan Amount****Initial**

Interest Rate

(for 60 months)**APR****Initial Monthly**

Payments

(for 60 months)$225,000 2.5% 2.81% $1102 __Disclosure Assumptions__- VA benefits criteria will have to be met and are subject to change.
- While there is no down payment requirement on a purchase or a buy down requirement on a refinance for a VA Loan and you may borrow up to 100% of the value, lower rates are generally offered to those who do in fact make a down payment or have equity in their home. No mortgage insurance is required in either situation. Note that a VA Funding Fee may apply.
- The initial interest rate is fixed for 5 years. The disclosed APR is based on 2.46 discount point, 0% origination fee and $0 additional prepaid finance charges which will be due at closing. First adjusted payment will likely increase to approximately $1102.
- Interest rate and APR are variable and subject to increase
- Not available in all states and not all lenders participate in the VA Loan Program.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.

- The advertised loan is a VA 15-year fixed rate full amortizing loan, assuming a $225,000 loan amount and a 2.5% interest rate.
- This loan has 180 monthly principal and interest payments of $1527. The disclosed APR is based on 0 discount points, 0% origination fee and $0 in additional prepaid finance charges due at closing.
- The Annual Percentage Rate (APR) is 3.06%.
__Disclosure Assumptions__- While a VA loan does provide up to 100% financing, generally a lower rate and APR can be achieved when the LTV is lower on your residence.
- VA benefits criteria will have to be met and are subject to change.
- While there is no down payment requirement on a purchase or a buy down requirement on a refinance for a VA Loan and you may borrow up to 100% of the value, lower rates are generally offered to those who do in fact make a down payment or have equity in their home. No mortgage insurance is required in either situation. Note that a VA Funding Fee may apply.
- Not available in all states and not all lenders participate in the VA Loan Program.
- Rates are subject to change daily without notice.
- Payment amounts shown do not include taxes or insurance.