Disclaimers & Disclosures

Bridge Loan Disclaimer

Borrower pays only the interest on the mortgage through monthly payments for the fixed term of the loan. Borrower is required to pay off the principal of the loan. Borrower is also required to make a one-time balloon payment due 6 months from the date of closing.

Co-Brand / No Affiliation

Realtor and Lender have no affiliation and the consumer is not obligated to use one or the other to purchase a property.

Construction Lock Disclaimer

Lock options are subject to borrower, property and builder eligibility. An upfront fee is required at the time of lock-in and applied to closing costs.

FHA Workplace Disclaimer

FHA Back to Work guidelines vary, please contact your Loan Officer for additional details.

Government Disclosure

Atlantic Coast Mortgage, LLC is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA, the Federal or State Government.

Long Term Lock Disclaimer

Lock options are subject to borrower and property eligibility. An upfront fee is required at the time of lock-in and applied to closing costs for all long-term rate lock opportunities. If the borrower does not close with ACM under the program locked, the borrower forfeits this fee.

PMI Disclosure

Private mortgage insurance is required if you make less than a 20% down payment.

Program Disclaimer

Not all applicants will qualify. Advertised rates, fees, and program guidelines are subject to change without notice.

Refinance Disclaimer

By refinancing your existing loan, your total finance charges may be higher over the life of the loan.

Reverse Mortgage Disclosure

The borrower must meet all loan obligations, including living in the property as the principal residence and paying property charges, including property taxes, fees, and hazard insurance. The borrower must maintain the home. If the borrower does not meet these loan obligations, then the loan will need to be repaid. This material is not from HUD or FHA and has not been approved by HUD or any government agency. Atlantic Coast Mortgage is not affiliated or acting on behalf of FHA or any Federal or Government Agency.

Standard Disclaimer ARM

The simple interest rate can change after the initial fixed period, and more than one simple annual rate may apply over the term of the loan. At adjustment(s) an ARM’s rate is calculated by adding the associated market index to the loan program margin. Consult your loan officer for details on ARM offerings.

Standard Rate Disclaimer Start

The advertised rate of interest and annual percentage rate (APR) may increase, change or not be available at the time of loan commitment, lock-in or closing.

Tax Disclosure

Atlantic Coast Mortgage does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

Licenses

Atlantic Coast Mortgage, LLC supports Equal Housing Opportunity. NMLS ID# 643114 (www.nmlsconsumeraccess.org) | 866-311-8627.

Atlantic Coast Mortgage, LLC is licensed by: