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Our goal is to offer the lowest deliverable rates and closings costs. We provide Borrowers with an 'Auto Rate Float Down' which ensures you that on the day we arrange for your closing documents to be sent to Escrow, your rate and/or points could be lower (as posted on Loans4Less.com website) but not higher than the initial rate lock as confirmed.
We can arrange to lock in your loan over the telephone, however, to protect your lock we must be in possession of your signed and dated Residential Loan Application. You must ensure that all original Application Forms with copies of your supporting documentation are delivered to us (within 5 days) even though you may have previously faxed (310 316-1573) or uploaded in your Loan Application. For details please read the Instruction sheet which is included in the Loan Kit.
If your loan is Pre-Locked you will receive an e-mail Lock Confirmation and/or a lock ink stamp will appear on your Mortgage Loan Disclosure Statement/Good Faith Estimate which is mailed to you. Locks are for 30 calendar days unless otherwise indicated.
We do not quote rates and/or points that are not realistic. We cannot provide Borrowers with below market rates, points or fees and we do not practice inducement tactics.
We do not sell or pass on your confidential information to any third parties. We will not run your credit without your permission. Our aim is to make the decision process comfortable and straightforward by providing you with an honest itemized Mortgage Loan Disclosure Statement/Good Faith Estimate from the outset that will not materially change for the worse at the Close of Escrow.
It is important to understand that when 'shopping for a loan' using an Annual Percentage Rate (APR) you should also compare the itemized dollar closing costs. Without knowing the actual dollar costs used to calculate the APR, simply using an APR by itself can be misleading and/or confusing.
We encourage all Borrowers to take into account the loan program, interest rate, closing costs and to calculate the time recovery of those costs in the form of lower monthly payments if you are refinancing.
It is our understanding that Discount and Origination Points are not immediately tax deductible when refinancing. Consult with your tax advisor or CPA as to how this and other factors may affect you.
We will do our best to offer courteous professional service and to complete your loan in a timely manner. We welcome your business and look forward to serving you.
Yours sincerely,
Steven M. Hershman, President/CEO
(877) 981-LOAN
steve@loans4less.com
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Union Discount Mortgage, Inc. is licensed by the California Dept. of Real Estate, Real Estate Broker License Number 01166995. Union Discount Mortgage, Inc., a California Corporation dba Loans4Less is a wholly owned subsidiary of Loans4Less.com, Inc. a Delaware Corporation and is hereby advertised as Loans4Less.com/California.
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