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| PLEASE READ OUR PRIVACY POLICY BEFORE APPLYING FOR A MORTGAGE LOAN. YOU MAY READ THE POLICY BY CLICKING THE TAB BAR THAT IS LABELED FAQ. |
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| 1. |
What is your privacy policy? Answer |
| 2. |
Are your rates and fees competitive? Answer |
| 3. |
What are points? Answer |
| 4. |
What are closing costs? Answer |
| 5. |
How do I determine the cost of a loan? Answer |
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What is your privacy policy? |
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A
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Signature Mortgage Company Privacy Policies and Procedures
Because Signature Mortgage Company respects your right to privacy, we have placed a high priority on protecting the personal information you provide us. We are proud of the trust that thousands of homebuyers have placed in us to transact business honestly, with our clients best interests at heart. Signature Mortgage Company collects and uses personal information for legitimate business purposes and our Privacy Policy has the purpose of protecting your personal information from unauthorized third party disclosure.
Signature Mortgage Company will not share the nonpublic personal information of our clients with unauthorized third parties except as permitted by law. For example, providing information to industry regulators, to law enforcement agencies, for fraud prevention, to credit bureaus and to third parties that assist us in processing the transactions you authorize.
Signature Mortgage Company maintains policies and practices that protect the security and confidentiality of our clients information. These policies provide for:
• Access to clients records being restricted to employees who we determine need the information in order to perform their job duties.
• Maintaining and protecting information through security-enhancing software such as virus and intrusion detection software.
• Physical security at our buildings.
• Password protection on database access for employees.
• Compliance audits.
• Employee training.
• Backup and recovery procedures.
If, at any time, you have questions regarding the security or use of the information that you provide to us, please contact your loan counselor or any one of our corporate officers at (303) 795-1357.
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Are your rates and fees competitive? |
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We provide rates, terms and fees which are within the market range of competition. We do not represent that we will be the lowest you can find in the market place. |
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What are points? |
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Loan prices are usually stated in terms of the interest rate, points and other fees or costs. A point is equal to one percent of the loan amount and is paid to the lender, broker or both at the time of closing on your home. |
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What are closing costs? |
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Closing costs may include appraisal fees, flood certifications, surveys, title policies, title company closing fee, document preparation fees, county recording fees, origination fee, credit report fee, tax service fee, underwriting fee, and courier fees. These fees should be a part of your "Good Faith Estimate" that you should receive from your loan officer. Some brokers will not charge these fees but normally cover these fees or costs by charging a higher interest rate. |
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How do I determine the cost of a loan? |
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Ask any loan counselor at Signature Mortgage for a complete breakdown of all costs on the loan. This is refered to as a Goodfaith estimate and should be provided to you by all lenders. |
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