Rate One, Inc. The Mortgage People2506 Mt. Moriah Rd., Suite B-450, Memphis, TN 38115 - Phone (866) 307-0420 - (901) 259-2484 - Fax (866) 307-0480 - (901) 259-2489
At Rate One, Inc. The Mortgage People, our goal is to provide our borrowers with the best rate and lowest total fees available for their mortgage transaction. As an informed consumer, you should always compare the rates, the terms and all of the related fees before selecting a Lender. At Rate One, Inc. The Mortgage People, we proudly lead the market with the lowest interest rates and lender controllable fees.To assist you in your lender rate and fee comparison, we are providing you with a comparison table below. This table gives you specific information about your loan with us and itemizes our Lender charges to complete your purchase transaction. The table includes only charges that are under our control. Closing costs paid to third parties such as title insurance, recording fees and transfer taxes, and prorated costs such as prepaid interest, property taxes and homeownerÕs insurance are not included because these fees will be the same regardless of which Lender you use. When you shop for the best loan, you should compare only the interest rate and those costs that the Lender can control.
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We have tried to anticipate all of the possible fees other Lenders
may charge. However, you
should request a complete list of all lender controllable charges from
each lender you are considering and get it guaranteed in writing. Then, fill in the fees charged by other
Lenders on this table so that you can perform a side-by-side comparison
of their costs with ours. |
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Borrower's Name: |
Sample |
Date: |
3-02-04 |
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Loan Amount: |
$100,000.00 |
Time: |
9:39
PM |
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Loan Type: |
30 Year Fixed Stated Income |
LTV: |
69.013% |
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Principal & Interest Payment: |
$591.54 |
Interest Rate: |
5.875% |
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Monthly PMI Payment: |
$ 0 |
Lock Period: |
30 days |
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Total Monthly Payment:
(excluding
taxes & insurance) |
$591.54 |
Prepared By: |
Dawn Davis |
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LENDER
CONTROLLABLE FEES |
RATE ONE, INC. |
OTHER LENDER #1 |
OTHER
LENDER #2 |
OTHER
LENDER #3 |
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Origination Fee |
0 |
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Discount Points |
0 |
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Underwriting Fee |
0 |
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Processing Fee |
0 |
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Document Preparation Fee |
0 |
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Administration Fee |
0 |
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Funding Fee |
0 |
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Warehouse Fee |
0 |
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Wire Fee |
0 |
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Courier Fee |
0 |
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Shipping Fee |
0 |
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Flood Certification Fee |
0 |
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Application Fee |
0 |
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Commitment Fee |
0 |
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Tax Service Fee |
0 |
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Review Fee |
0 |
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TOTAL |
$0 |
$ |
$ |
$ |
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Interest Rate: |
5.875% |
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Principal & Interest Payment |
$ 591.54 |
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Monthly PMI Payment |
$ 0 |
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Total Monthly Payment:
(excluding
taxes & insurance) |
$ 591.54 |
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COMPARE OUR RATES & COSTS FOR YOUR MORTGAGE TRANSACTION (11-05-03)