The Mortgage Advisory- Disclosures

Regarding Featured Products & Rates, Lending Policy, Practic and Laws governing California Mortgage Lending – Please Read.
We conduct business in accordance with the Federal Fair Housing Law (Fair Housing Amendments Act of 1988). It is illegal to discriminate against any person because of race, color, religion, sex, handicap, familial status, or national origin:

In the sale or rental of housing
In advertising the sale or rental of housing
In the financing of housing
In the provision of real estate brokerage service
In the appraisal of housing
Blockbusting is also illegal
Anyone who feels he or she has been discriminated against may file a complaint of housing discrimination: 1-800-669-9777 (toll free), or 1-800-927-9275 (tdd), or send to:

Office of Fair Housing and Equal Opportunity
Department of Housing and Urban Development
Room 5204
451 Seventh St. SW
Washington, DC 20410-2000
Or online: http://portal.hud.gov/hudportal/HUD?src=/program_offices/fair_housing_equal_opp/online-complaint.

The Big Zero is our no closing cost loan. It is available on refinance transactions only. The Mortgage Advisory will pay all of the Borrower’s closing costs except: Prepaid interest, property taxes, state mortgage taxes, lender payoff fees and any type of insurance. Minimum loan amount in California is $200,000. Minimum loan amount in all other states is $250,000.

DU Refi Plus

Refi Plus High Balance loan limits up to $636,150 in selected counties. Unlimited LTV subject to Fannie Mae Desktop underwriting approval. 20 and 25 year terms are priced the same as 30 year term. The Big Zero is our no closing cost loan. It is available on refinance transactions only. The Mortgage Advisory will pay all of the Borrower’s closing costs except: Prepaid interest, property taxes, state mortgage taxes, lender payoff fees and any type of insurance. Minimum loan amount in California is $200,000. Minimum loan amount in all other states is $250,000.

Fannie Mae Fixed Rate High Balance Products

– Loans up to $636,150 in Select Areas
The Big Zero is our no closing cost loan. It is available on refinance transactions only. The Mortgage Advisory will pay all of the Borrower’s closing costs except: Prepaid interest, property taxes, state mortgage taxes, lender payoff fees and any type of insurance.

FHA Fixed Rate Products

The Big Zero is our no closing cost loan. It is available on refinance transactions only. The Mortgage Advisory will pay all of the Borrower’s closing costs except: FHA mortgage insurance premium, prepaid interest, property taxes, state mortgage taxes, lender payoff fees and any type of insurance. Minimum loan amount in California is $200,000. Minimum loan amount in all other states is $250,000.

FHA Streamline (Redo) This streamline refinancing opportunity is being provided by The Mortgage Advisory. This loan program may be changed or discontinued at any time without notice. All loans must fund within 30 days of application. Current home loan must be an FHA owner‐occupied loan that has funded in the last 18 months with another lender. No more sooner than 6 months of purchase may a borrower qualify. Borrower must provide a copy of current mortgage note or mortgage statement that indicates current fixed or adjustable interest rate, term, and loan type and we will offer a lower fixed rate with No Closing Costs pricing. Complete application required. Not all applicants or property types will qualify.

First Mortgage

Disclosed rate assumes a $300,000 rate and term refinance loan on an owner-occupied single family residence, borrower is not self-employed and owns no other properties, minimum 740 FICO credit score, 60% loan to value with no subordinate debt. If these factors are not met, you may still qualify for a loan but higher rates may apply. Subject to underwriting approval. Not all applicants will qualify.
Click here to see monthly payments per $1,000 borrowed.

No Tax Return Loan – First Mortgage

Disclosed rate based on a 30 year fixed-rate mortgage of $300,000, 2 points with a $995 loan origination fee, rate and term refinance loan on an owner-occupied single-family residence, with no subordinate debt, and the appraised value of the subject property sets the loan-to-value (LTV) to a maximum of 60%, borrower has a 680 FICO score, debt-to-income ratio of less than 50%, owns no other properties, is a U.S. Citizen and at least one borrower is self-employed. If these factors are not met, you may still qualify for a loan but higher interest rates and closing costs may apply. Subject to underwriting approval including, but not limited to, verification of acceptable income, assets and collateral. Not all applicants will qualify.

Rates, loan products & fees subject to change without notice. Your rate and term may vary. If you do not lock in a rate when you apply, your rate at closing may differ from the rate in effect when you applied. Subject to underwriting approval. Not all applicants will be approved. Full documentation & property insurance required. Loan secured by a lien against your property. Consolidating or refinancing debts may increase the time and/or the finance charges/total loan amount needed to repay your debt. Terms, conditions & restrictions apply. Call for details.

Half Fee Option

For loan amounts below $100,000 we are offering a half fee option. Add 0.25 to the zero point rate to reduce the closing cost to $1647.50 or $1247.50 for home purchases. This option is only applicable for conventional loans.

Buy-Down Option

The advertised rate is for a 15 year or 30 year fixed-rate fully amortizing loan with a 2-1-0 lender paid buydown. A portion of each monthly payment for the first 24 months will be paid by The Mortgage (Lender) to supplement the buyer’s required monthly payments. The required monthly payments for the first 12 months are calculated using an interest rate 2% below the note rate. The required payments for monthly 13-24 are calculated using an interest rate 1% below the note rate. After the 24th month, the interest rate will be calculated based on the Note rate. It is our policy to comply with the Equal Credit Opportunity Act and the Fair Housing Act. In addition, it is our policy to comply with state laws that provide greater protection. GizaExchange,Inc. dba. The Mortgage Advisory does not discriminate against any applicant on the basis of race; color; religion; creed; national origin; ancestry; sex; marital status; familial status (number and age of children); sexual orientation; age (provided that the applicant has the capacity to enter into a binding agreement); medical history; disability; physical condition; military status; because the applicant has in good faith exercised any right under the Consumer Credit Protection Act or the Service members Civil Relief Act (SCRA); that all or part of a consumer’s income derives from a public assistance program; or any other basis prohibited by law.

At GizaExchange,Inc. dba. The Mortgage Advisory, we do not discriminate against any applicant or discourage anyone on a prohibited basis from submitting an application.To assure that our employees have a clear and unequivocal statement of our commitment to a nondiscriminatory method of doing business, we have adopted the following fair lending policy. Employees must be thoroughly familiar with this policy and follow it.

We do not discriminate against a loan applicant or borrower on the basis of race, color, religion, national origin, sexual orientation, handicap, age, the fact that all or part of an applicant’s income comes from any public assistance program or because the applicant has exercised any right under any relevant state or federal law.
We do not selectively encourage applicants and we take no action that would, on a prohibited basis, discourage a reasonable person from applying for a mortgage loan.
We do not, on a prohibited basis, refuse to make a loan, vary the terms offered including the amount, interest rate, period or type of loan, or use different standards to evaluate collateral or decide whether to extend credit.
We avoid practices or policies that have a discriminatory effect. This rule applies to all phases of our mortgage lending business. It applies even though we do not intend the policy or practice to be discriminatory and even if the policy or practice appears to be neutral.
We have adopted nondiscriminatory loan underwriting standards that avoid subjective, unwritten rules that can have a discriminatory effect. We make these underwriting standards public upon request at each of our offices.
We make sure that our scoring system is empirically derived and statistically sound and uses no prohibited basis other than age as a predictive factor.
We train our loan personnel in the principles of fair processing and underwriting.
Our Quality Control Manager regularly reviews both our loan underwriting standards and the business practices by which we implement them to determine whether they ensure equal lending opportunity and reports to management.
We periodically review our loan portfolio and applications to make sure that we are serving the community adequately and on a nondiscriminatory basis in light of the community’s demographic characteristics and credit demands.
We conspicuously display the poster in a public area of each of our facilities stating that we are ascribing to the Equal Housing Act. Additionally, on all forms of advertisements, regardless of media, we include the Equal Housing Opportunity logo and/or the Equal Housing Opportunity slogan.

The Housing Financial Discrimination Act of 1977, California Fair Lending Notice

It is illegal to discriminate in the provision of or in the availability of financial assistance because of the consideration of:

Trends, characteristics, or conditions in the neighborhood or geographic area surrounding a housing accommodation, unless the financial institution can demonstrate in the particular case that such consideration is required to avoid an unsafe and unsound business practice.
Race, color, religion, sex, marital status, national origin, or ancestry.
It is illegal to consider the racial, ethnic, religious, or national origin composition of a neighborhood or geographic area surrounding a housing accommodation, or whether or not such composition is undergoing change, or is expected to undergo change, in appraising a housing accommodation or in determining whether or not, and under what terms and conditions, to provide financial assistance. These provisions govern financial assistance for the purpose of the purchase, construction, rehabilitation, or refinancing of one- to four-unit family residences occupied by the owner and for the purpose of the home improvement of any one to four-unit family residence.

If you have any questions about your rights, or if you wish to file a complaint, contact the management of this financial institution or:

Department of Business Oversight
320 West 4th Street
Suite 750
Los Angeles, CA 90013-1105