Terms and Conditions

GENERAL MORTGAGE CAPITAL CORPORATION, REAL ESTATE BROKER, CALIFORNIA DEPARTMENT OF REAL ESTATE

CA DRE 01509029 NMLS# 254895

HQ 1350 BAYSHORE HIGHWAY, STE 740, BURLINGAME, CA 94010 LICENSED IN 49 STATES AND D.C.

VISIT WWW.GMCCLOAN.COM

INTEREST RATES AND ANNUAL PERCENTAGE RATES (APRS) ARE BASED ON CURRENT MARKET RATES, ARE FOR INFORMATIONAL PURPOSES ONLY, ALL PROGRAMS ARE SUBJECT TO CHANGE WITHOUT AND UNDERWRITING APPROVAL WITHOUT ADVANCE NOTICE AND MAY BE SUBJECT TO PRICING ADD-ONS, RELATED TO PROPERTY TYPE, LOAN AMOUNT, LOAN TO VALUE, CREDIT SCORE AND OTHER VARIABLES—CALL FOR DETAILS. ADDITIONAL RESTRICTIONS APPLY. THIS IS NOT A CREDIT DECISION OR A COMMITMENT TO LEND. DEPENDING ON LOAN GUIDELINES, MORTGAGE INSURANCE MAY BE REQUIRED. IF MORTGAGE INSURANCE IS REQUIRED, THE MORTGAGE INSURANCE PREMIUM COULD INCREASE THE APR AND THE MONTHLY MORTGAGE PAYMENT. ADDITIONAL LOAN PROGRAMS MAY BE AVAILABLE. APR REFLECTS THE EFFECTIVE COST OF YOUR LOAN ON A YEARLY BASIS, TAKING INTO ACCOUNT SUCH ITEMS AS INTEREST, MOST CLOSING COSTS, DISCOUNT POINTS, (ALSO REFERRED TO AS, “POINTS”) AND LOAN ORIGINATION FEES. 1 POINT IS 1% OF THE MORTGAGE AMOUNT (E.G. $1,000 ON A $100,000 LOAN). YOUR MONTHLY PAYMENT IS NOT BASED ON APR, BUT INSTEAD ON THE INTEREST RATE OF YOUR NOTE. ADJUSTABLE RATE MORTGAGE (ARM) RATES ASSUME NO INCREASE IN THE FINANCIAL INDEX AFTER THE INITIAL FIXED PERIOD. ARM RATES AND MONTHLY PAYMENTS ARE SUBJECT TO INCREASE AFTER THE FIXED PERIOD: ARMS ASSUME 30 YEAR TERM.