ShopForLenders is not acting as a lender or broker. The information provided by you to ShopForLenders is not an application for a mortgage loan, nor is it used to pre-qualify you with any lender. If you are contacted by a lender or broker advertising within our network, your quoted rate may be higher depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and/or other factors. ShopForLenders does not offer its matching services in all states. This loan may not be available for all credit types, and not all service providers in theShopForLenders network offer this or other products with interest-only options.
Information:
In the President's State of the Union address, he told homeowners that if they refinanced at today's historically low rates, they could save up to $3,000. This statement can be found in the State of the Union transcript - http://www.whitehouse.gov/the-press-office/2012/01/24/remarks-president-state-union-address. Additionally, homeowners who refinance from 30 year fixed mortgages to 15 year fixed mortgages can save up to $145,000. Further information for this can be found at http://www.nytimes.com/2011/08/21/realestate/exploring-the-15-year-loan-for-refinancing-mortgages.html
Under provisions of the Making Homes Affordable Act (a.k.a. HARP 2.0), signed into law by President Obama, Fannie Mae removed certain loan refinance requirements for qualifying loans including Loan-To-Value (LTV) ceiling for fixed-rate mortgage, property appraisal, minimum credit score & credit check, and eliminated & lowered certain fees for borrowers making it easier to refinance into a lower rate mortgage, effectively reducing the amount of interest paid (and owed) over the life of the loan. More info: http://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Fannie-Mae-and-Freddie-Mac-Announce-HARP-Changesto-Reach-More-Borrowers.aspx
Privacy Policy:
All Lenders in our network have entered into agreements with ShopForLenders.com, and are required to comply with federal and state privacy regulations. By submitting your request , you understand that Lenders may contact you by telephone (on a recorded line), automated calling, email, or regular mail based on the information you provided to us in order to process and fulfill your request, even if you have opted into the National Do Not Call List administered by the Federal Trade Commission, any state equivalent Do Not Call List, or the Do Not Call List of an internal company. If one of the Lenders contacts you and you wish not to be contacted again by that Lender with respect to your inquiry, then you should specifically make a request to that Lender not to contact you again. Please note that the Lenders may maintain the information you provided whether you elect to use their services.
Loan Products or Service Requests
If you submit a request for quotes for a loan product offered through this website, we will share the personal information contained in your request form (such as your full name, address, telephone number, property location, self-assessed value) with third parties, which include banks, mortgage lenders and brokers, and lead aggregators (collectively, "Lender" or "Lenders") in our client network to process and fulfill your request.