All credit decisions, including loan approval, the rate/APR and terms you are offered will vary based upon your specific loan request and credit profile and are determined independently by each Advertiser with whom you are matched. There is a possibility that you may not be matched with an Advertiser in this particular Survey. Specific details about loan products available from Survey advertisers are available on their websites. Not all loan programs are available in all states. HSH.com does not participate in the loan application process or make any credit decisions.

For loan amounts above $417,000, the rate shown may either be a Conforming-JUMBO or a JUMBO rate. Because Conforming-JUMBO rates vary by zip code, you will need to contact the lender directly to obtain an accurate rate for which you qualify.

Fixed Rate Mortgage Loan Criteria.

Survey rate/APR and terms are examples of loan products available from Survey Advertisers as of the date indicated and are subject to change without notice. Actual rate/APR and terms may vary based on the creditworthiness of the individual and other differences between an individual loan application and the criteria used for Survey examples. Survey criteria for fixed rate purchase and refinance loans are generally based on, but not limited to, the following: a borrower with good to excellent credit and average income seeking a loan for a single family, owner occupied, one unit dwelling with a 20% down payment (or 80% loan to value ratio for refinance), and 0 - 2 points.

Important Facts about Adjustable Rate Mortgage Loans.

Whether you are buying a house or refinancing your mortgage, this information can help you decide if an adjustable rate mortgage (ARM) is right for you. ARMs can be complicated. If you do not understand how they work, you should not sign any loan contracts, and you might want to consider other loans. With an ARM, the interest rate on your loan is not fixed. Instead, it changes over time according to a formula - typically, a base interest rate (index) plus a certain percent (margin) (for example, the Prime Rate plus 3 percent). So, if the base interest rate increases, your interest rate and monthly payment will also increase. Please see the advertisers' websites for the specific disclosures related to loans offered by our advertisers.

SAMPLE MORTGAGE COMPARISON

(Not actual loans available)

Sample Loan Amount: $200,000 – 30 Year Term – Interest Rates for Example Purposes Only

  Fixed Rate Mortgage
7.5%
Reduced Initial Rate "2/28" ARM
7% for two years; then adjusting to variable rate;
10% maximum rate in Year 3;
11.5% maximum rate in Year 4;
13% maximum rate in Years 5 - 30
  REQUIRED MONTHLY PAYMENTS
(includes $200 per month for real estate tax and insurance escrow)
Years 1-2 $1,598 $1,531
Year 3 - if rates don't change $1,598 $1,939
Year 4 - if rates don't change $1,598 $2,152
Year 5 - if rates rise 2% $1,598 $2,370

If a Survey Advertiser solicits you for a loan application, that Advertiser must make certain disclosures to you as required by the Federal Truth In Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA) and other federal and state laws. These disclosures include details of your cost of credit, good faith estimates of your settlement costs, certain HUD mandated booklets, notice that your mortgage loan servicing may be transferred and your right to a copy of any appraisal performed on your home. The Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of the applicant's income derives from any public assistance program, or because the applicant has, in good faith, exercised any right under the Consumer Credit Protection Act. The Federal Trade Commission administers compliance with these laws and may be contacted at: The Federal Trade Commission, Equal Credit Opportunity, Washington, D.C. 20580. The foregoing requirements are mandatory for Survey Advertisers; however HSH.com makes no representations as to the adequacy or compliance on behalf of any Survey Advertiser. HSH.com does not participate in the loan application process or make any credit decisions.