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.