PRE-APPLICATION DISCLOSURE AND FEE AGREEMENT:

*Loans are arranged with third-party lenders

*In the following disclosure, I=Applicant, You = Mortgage Broker

*Registered Mortgage Broker, NYS Banking Dept. and State of  Florida

You have advised me that you are authorized and prepared to assist me in securing financing. I understand that your services may

include but are not limited to the following:

*Counseling on available mortgage products;

*Counseling on general mortgage qualification procedures and requirements;

*Counseling on my financial capabilities;

*Assistance in obtaining information required for mortgage application, completing and processing loan application(s) and in meeting

conditions of the loan commitment;

I hereby agree to engage you for the purpose of advising me about financing and provide the services described above. This agreement

will continue until the earlier of the declination of my loan request(s), the closing of my loan or my termination of your services.

I acknowledge that prior to paying any fees or completing any application(s), I was advised of the following:

*Your services are advisory and administrative in nature.

*You are NOT authorized to make mortgage loans or commitments.

*You cannot guarantee acceptance into any particular loan program or specific loan terms or conditions.

*You may be eligible to receive a lender-paid bonus (cash or non-cash) if your loan is placed with a particular lender and I will be

notified if this occurs.

I understand that I am required to pay the following fees at the time of application:

Application Fee-TBD Appraisal Fee-TBD Credit Report Fee-TBD Processing Fee-TBD


*If the appraisal fee is NOT paid at the application, you become responsible for paying this fee in full either by closing your loan or by

Paying this fee outside of closing BEFORE your loan closes. The property appraisal fee and credit report fees are ESTIMATES of the

actual costs of the services. Should the actual costs exceed the estimates, I understand that I will be billed and will pay for any shortfall PRIOR to closing my loan.


THE APPLICATION FEE IS NOT REFUNDABLE.

 THE APPRAISAL AND CREDIT REPORT FEES ARE NOT REFUNDABLE EXCEPT THOSE

AMOUNTS COLLECTED IN EXCESS OF THE ACTUAL COSTS. THE DIFFERENCE WOULD BE

REFUNDED. IF THE CREDIT REPORT AND APPRAISAL HAVE NOT BEEN DONE, THE FEE WILL

BE REFUNDED IN FULL.

BROKER FEE(S):

I understand that as compensation for your services you will be paid as checked below:

The Lender will pay you a fee of TBD% of the loan amount or $_TBD. The compensation you will receive from the lender for your services is included in the rate, point’s fees and terms of the loan as quoted by the lender in its commitment letter. The maximum points paid, including premium pricing payable by the lender to you shall not exceed TBD_% (TBD) points.
The fee the lender will pay you is not known at this time, but will be disclosed to me at the time of LOCK-IN or when the interest rate is set. Maximum points paid including premium pricing payable to you, shall not exceed TBD% (TBD) points.
I will pay you, from the loan proceeds, a fee of TBD% of the loan amount $TBD I authorize the lender’s attorney to collect this fee from me at closing.
I will pay you directly, upon my signed acceptance of a commitment NA or at closing X, a fee of TBD%of the loan amount or TBD%. The fee paid shall not exceed TBD%.

PRE-PAYMENT PENALTIES:

I understand that certain mortgage products impose a pre-payment penalty on the borrower. You will disclose the amount of, or the formula for calculating the pre-payment penalty and the terms of the pre-payment penalty, if any, as soon as they are available. I understand that I may address any questions or comments about my application to Bill Mattle at (585) 288-2930. If I live more than 50miles from the office at which my file is being processed, I may call you toll-free at (800) 320-0447 or I may call collect. By signing below, I acknowledge receipt of a copy of the PRE-APPLICATON disclosure and FEE AGREEMENT.

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