Important Notice - Terms of Service Agreement

USE OF THIS WEB SITE REQUIRES AGREEMENT TO THE FOLLOWING TERMS OF SERVICE:

• Rates are listed as an editorial guide to mortgage competition.

• LISTINGS ARE NOT TO BE INTERPRETED AS LOAN OFFERS.
  Consumers seeking a formal loan offer are encouraged to contact us directly or online.

• RATES LISTED ARE NOT TO BE INTERPRETED AS AUTHORITATIVE OF CURRENT RATES.
  Rates change daily, or even hourly, in the case of market volatility. Rates listed are assumed to be accurate at the time of publication only. We occasionally fail to provide updated rates after a rate change leaving obsolete rates published. Consumers are strongly advised to contact us directly for current rates.

• There is NO overnight protection of rates. Most often rates do not change much overnight but are subject to change without warning.

• Rates and APR listed are our typical rates, for optimal loan amounts, on low risk owner occupied 1 unit properties, at least 20% down, and for borrowers with optimal credit history (at least a 740 score except for some government loans). For other loan amounts, investment properties or second/vacation homes, 2-4 unit, less than 20% down, higher risk properties, or for borrowers with less than optimal credit, rates can be and often are higher. Loans with less than 20% down may require private mortgage insurance. These costs will be added if necessary. All refinance rates are listed for a rate and term refinance at 80% LTV 1 unit owner occupied properties with at least a 740 score. For cash out, 2-4 unit, non owner occupied, investment, non escrow or scores under 740 refinances please call us for a more accurate rate quote.

• Your APR will vary based on your final loan amount and finance charges.

• Adjustable-rate loans and rates are subject to change during the loan term. That change can increase or decrease your monthly payment.

• Conforming rates are for loan amounts not exceeding $417,000

• Jumbo rates are for loan amounts exceeding $417,000

Loan Programs and APR Assumptions

Conforming Loans
APR calculation assumes a $160,000 loan amount with a 20% down payment, estimated borrower paid finance charges of $1500 plus discount and origination if applicable. If the down payment is less than 20%, mortgage insurance may be needed on the loan. This could increase the monthly payment and the APR.

Jumbo Loans
APR calculation assumes a $500,000 loan amount with a 20% down payment, estimated borrower paid finance charges of $1500 of the loan amount plus discount and origination if applicable. If the down payment is less than 20%, mortgage insurance may be needed on the loan. This could increase the monthly payment and the APR..

FHA Loans
Base loan amount assumed a 3.5% down payment. APR calculation assumes a $196,378 loan amount ($193,000 base loan amount plus $3,378 up-front mortgage insurance premium), estimated borrower paid finance charges of $1500, up-front mortgage insurance premium, monthly mortgage insurance, plus discount and origination if applicable.

VA Loans
Base loan amount assumed 100% financing. Actual loan amount assumed funding fee percentage based on veteran’s prior usage of entitlement. APR calculations assume a $204,300 loan amount ($200,000 base loan amount plus $4300 VA Funding Fee), estimated borrower paid finance charges of $1500, VA Funding Fee, plus discount and origination, if applicable.

USDA Loans
Base loan amount assumed 100% financing. Actual loan amount assumes guarantee fee is 2% of the loan amount. APR calculations assumes a $204,081 loan amount ($200,000 base loan amount plus $4,081.63 Guarantee Fee which only $4,081 can be financed), estimated borrower paid finance charges of $1500, Guarantee Fee, plus discount and origination, if applicable.

Website Content: You are hereby advised that any reliance upon materials on this web site shall be at your sole risk. We have made every attempt to ensure the information on this site is correct. However, we make no representations or warranties as to the truth, accuracy, timeliness or completeness of any statements, information or materials that may be contained in the www.MadisonMortgageguys.com web site. We reserve the right, in its sole discretion and without obligation, to make amendments to, or correct any error or omission in, any portion of these materials at any time. In no event will we be liable for any direct, indirect, punitive, special, incidental or consequential damages arising from the use of our web site. Should you find any information that is incorrect, please email webmaster@madisonmortgageguys.com so that errors may be corrected.

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BY VISITING OR USING THIS SITE, OR ANY PAGE OF THIS SITE, YOU AGREE TO BE BOUND BY THESE TERMS OF USE, AND YOU ACKNOWLEDGE THAT SUCH AGREEMENT CONSTITUTES A BINDING CONTRACT BETWEEN YOU AND  www.MadisonMortgageguys.com . IF YOU DO NOT AGREE TO THESE TERMS OF USE, PLEASE DO NOT USE THIS SITE.

THESE TERMS AND CONDITIONS MAY BE MODIFIED AT ANY TIME  BY REVISING THIS PAGE WITH NO NOTICE TO YOU.