Disclosures and Licenses
Ark Mortgage, Inc. NMLS ID #103915
Licensed Mortgage Banker NY Dept of Financial Services
Licensed Residential Mortgage Lender NJ Dept of Banking & Insurance
Ark Mortgage Lifetime Guarantee Disclaimer
Refinancing your mortgage from Ark Mortgage is conditional on the program type or investor guidelines “seasoning” restrictions (most seasoning restrictions require 7 consecutive payments be made since loan origination). Loan approval for any future refinancing is not guaranteed. You must fully qualify for the selected refinance and meet all of the requirements of the loan refinancing program and federal guidelines concerning your ability to repay. Additionally, the appraised value of your home for any future refinance is also not guaranteed. If an appraisal of the property is required to meet the conditions of your new loan, the value of the property must be acceptable for the program and loan terms requested. Moreover, the interest rate for all future refinance is not guaranteed. Borrower must qualify for the loan requested, and will be quoted the interest rates in effect at the time of the new refinance. As a result of refinancing, your total finance charges may be greater over the life of the loan. Ask your Ark Mortgage Personal Mortgage Advisor for more details.
* Lender origination fees include underwriting and application fees.
** All appraisal fees are credited at the closing of the new loan.
The Ark Express Mortgage Disclaimer
This is a simplified version of the Ark Express Mortgage for illustration purposes. Not all loans types follow the same process and some steps may not be shown here. To ensure the fastest possible closing, all applications must be complete to start the process. An application is considered complete when the standard 1003 mortgage application is complete, and all required documents are submitted, along with signed initial disclosures.
*If any conditions are required after underwriting, the borrower should return all additional requested documents within 48 hours to meet the duration goals of the Express Mortgage. In some instances, third-party services like appraisal, title, insurance, etc. may require additional turnaround time.