EFTA01279964.pdf

ry OMB Approval No 2502-0265 z), ' Good Faith Estimate (GFE) ill Name of Originator Fifth Third Mortgage Company norroucr Joann Brow Originator 5001 Kingsley DR .%ddres% MD: 1MOCBCt Cincinnati, OH 45227 Properly Address Originator Phone Number MI Originator I:mail ,i oann . r MI Date of GF lc October 03, 2014 Purpose This GEE gives you an estimate of your settlement charges and loan tams if you are approved for this loan. For more information, see HUD's Special Information Booklet on settlement charges, your Truth-in-Lending Disclosures, and other consumer informational WNWhtd.gov/respa. If you decide you would like to proceed with this loan, contact us. Shopping for Only you can shop for the best loan for you. Compare this GEE with other loan offers, so you can fed the best loan. your loan Use the shopping chart on page 3 to compare all the offers you receive. Important I. The interest rate for this GEE is available through 12/07/2014 . After this time, the interest dates rate, some of your loan Origination Charges, and the monthly payment shown below can change until you lock your interest rate. 2. This estimate for all other settlement charges is available through 10/21/2014 3. After you lock your interest rate, you must go to settlement within Cl days (your rate lock period) to receive the locked interest rate. 4. You must lock the interest rate at least 01 days before settlement Summary of Your initial loan amount is $ 325,000.00 your loan Your loan term is 15 years Your initial interest rate is 3.000 % Your initial monthly amount owed for principal, interest. and any mortgage insurance is S 2,244.39 per month Can your interest rate rise? III No O Yes, it can rise to a maximum of %. The first change will be in . Even if you make payments on time, can your II No il Yes, it can rise to a maximinn of loan balance rise? S Even if you make payments on time, can you No Yes, the first increase can be in and monthly amount owed for principal, interest, and the monthly amount owed can rise to any mortgage insurance rise? S . The maximum it can ever rise to is 3 Does your loan have a prepayment penalty? M No El- Yes, your maximum prepayment penalty is $ Does your loan have a balloon payment? M No O Yes, you have a balloon payment of S due in years. Escrow Some lenders require an escrow account to hold funds for paying property taxes or other property-related charges in account addition to your monthly amount owed of S 2,244.39 information Do we require you to have an escrow account for your loan? Ill No, you do not have an escrow account. You must pay these charges directly when due. 0 Yes, you have an escrow account. It may or may not cover all of these charges. Ask us. Summary Your Adjusted Origination Charges (See page 2.) 660.15 U of your settlement Your Charges for All Other Settlement Services (See page 2.) 2,723.48 charges A B Total Estimated Settlement Charges 3,383.63 420881321 420381321 Good Faith SSW* (MUDGFE1 11/1708 VMP 0 Waters Kluwer Anna Unica Pan 1 of 3 VMP118F (1003)02 !29147010420361321! CONFIDENTIAL SDNY_GM_00030796 EFTA_00141409 EFTA01279964 Understanding Your Adjusted Origination Charges your estimated I. Our origination charge settlement This charge is for getting this loan for vou. 660.15 charges 2. Your credit or charge (points) for the specific interest rate chosen • The credit or charge for the interest rate of 3.000 % is included in *Our origination charge.' (Sit item I above.) O You receive a credit of S for this interest rate of This credit reduces your settlement charges. O You pay a charge of S 0.00 for this interest rate of This charge (points) increases your total settlement charges. The tradeoff table on page 3 shows that you can change your total settlement charges by choosing a different interest rate for this loan. 0.00 Your Adjusted Origination Charges 660.15 fl Your Charges for All Other Settlement Services Some of these 3. Required senices that we select charges can These charges arc for services we require to complete your settlement change at We will choose the providers of these services. settlement. See Service Charge Service Charge the top of page 3 Appraisal Fee 400.00 Credit Report 4.81 for more Tax Service Fee 72.00 Flood Certification Fee 4.00 information. Appraisal Mgr Co Fee 140.00 Condo Certification Fee 300.00 920.81 4. Tide services and lender's title insurance This charge includes the services of a title or settlement agent, for example. and title insurance to protect the laider, if required. 1,327.50 5. Owner's title insurance You may purchase an owner's title insurance policy to protect your interest in the property. N/A 6. Required services that you can shop for These charges are for other services that are required to complete your settlement. We can identify providers of these services or you can shop for than yourself Our estimates for providing these services are below. Service Charge Service Charge 0.00 7. Government recording charges These charges arc for state and local fees to record your loan and title documents. 96.00 8. Transfer taxes The charges are for state and local fees on mortgages and home sales. 0.00 9. Initial deposit for your escrow account This charge is held in an escrow account to pay future recurring charges on your property and includes • all property taxes, • all insurance, and 0 other 0.00 10. Daily interest charges This charge is for the daily interest on your loan from the day of your settlement until the first day of the next month or the first day of your normal mortgage payment cycle. This mown is $27 .08 1 er da • for 14 days (if your settlement isi 11/12/14 379.17 II. Homeowner's insurance This charge is for the insurance you must buy for the property to protect from a loss, such as fire. Policy Charge Policy Charge 0.00 B Your Charges for All Other Settlement Services 2,723.48 FBI Total Estimated Settlement Charges 3,383.63 420381321 420381321 Good Faith SSW* (MUD-GFIE1 11/17108 VMP 0 Wolin Kluwer Fiona Unica ts....011 Page 2 ot 3 Vh1P1184 (1003)02 CONFIDENTIAL SDNY_GM_00030797 EFTA_00141410 EFTA01279965 Instructions This GEE estimates your settlement charges. At your settlement, you will receive a HUD-I. a form that lists your actual costs. Compare the charges on the HUD-1 with the charges on this GFE. Charges can change if you select your own provider and do not use the companies we identify. (See below for details.) Understanding These charges The total of these charges These charges cannot increase can increase up to 10% can change which charges at settlement at settlement at settlement can change at settlement • Our origination charge • Required sem that we select • Required services that you can shop for • Your credit or charge (points) for the (ifyou do not use companies we • Title services and lender's title demi& specific interest rate chosen (after you insurance Of we select them or you lock in your Woes; rate) use companies we identift9 • Title services and lender's title insurance Ofyou do not use • Your adjusted origination charges (after • Owner's title insurance (ifyou use you lock in )OH interest rate) companies we identify) companies we idenuft9 • Transfer taxes • Owner's title insurance (thou do nor • Required services that you can shop use companies we identift for Wpm use companies we )(knit) • Initial deposit for your escrow account • Government recording charges • Daily interest charges • Homeowner's insurance Using the In this GEE. we offered you this loan with a particular interest rate and estimated settlemen charges. However: tradeoff table • If you want to choose this same loan with lower settlement charges. then you will hocs a higher Interest rate. • If you want to choose this same loan with a lower Interest rate, dun you will have hither settlement charges. If you would like to choose an available option, you must ask us for a new OFF. Loan originators haws the option to complete this table. !genie ask for &clamant Information if the whi. is no/ completed The samel•.n crib Tne S3nte Lan witha . . • . . . er rat' Your initial loan amount S 325,000.00 Your initial interest rate I 3.000% so Your initial monthly amount owed S 2 244.39 S S Change in the monthly No change You will pay S You will pay S amount owed from this GEE more cv • month less even. month Change in the amount you will pay No change Your settlement charges Your settlement charges at settlement with this interest rate will be minced by will Increase by S S How much your total estimated settlement char es will be S 3,383.63 S S IF°, an adjustable rate loan. the comparisons above are for the initial interest rate before adjustments are made. Using the Use this chart to compare GFEs from different loan originators. Fill in the information b) using a different column for each GFE you shopping chart receive. By comparing loan offers. you can shop for the bat loan. Loan originator name Joann Brown Initial loan amount S 325,000.00 Loan term 15 years Initial interest rate 3.000 % Initial monthly amount owed S 2,211.39 Rate lock period 60 days Can interest rate rise? NO Can loan balance rise? No Can monthly amount owed rise? No Prepayment penalty^ No Itdlo,m '11. menr No Total Estimated Settlemi, tt Charges S 3,383.63 If your loan is Sonic lenders may sell your loan after settlement My fees lenders receive in the future cannot change the loan you receive or the sold in the future charges gnu paid al settlement. VM 420381321 420381321 Good Faith Stamen (HUO-GFe 11/17/08 P0 Wolin lame human Serena Pap 3 or VMP118F (1003)02 CONFIDENTIAL SDNY_GM_00030798 EFTA_0014 I41 I EFTA01279966