Loan Details & Servicing Disclosure

Last Updated: August 3, 2025

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General Information & Disclaimer

The following disclosures are provided for informational purposes only and do not constitute a commitment to lend. Final loan approval is subject to underwriting review, borrower qualification, and market conditions. All rates, terms, and costs are subject to change without notice. Borrowers are encouraged to consult with a licensed mortgage professional, financial advisor, and/or tax advisor before making any lending or refinancing decisions.

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Home Equity Line of Credit (HELOC) Risk Disclosure

Home Equity Lines of Credit (HELOCs) are secured by your home. Missing payments or exceeding your borrowing limit may result in foreclosure. Additionally, variable interest rates can increase your monthly payment if market rates rise. Interest may be tax deductible; consult a tax advisor for details. It is important to fully understand the risks, fees, and terms associated with HELOCs before applying. Consulting with a financial advisor is recommended.

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Loan Estimate Disclosure

Within three (3) business days of your loan application, you will receive a Loan Estimate outlining your loan terms, estimated monthly payments, interest rate, and closing costs. This document will help you compare offers and make informed decisions. Please review your Loan Estimate carefully before proceeding.

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Closing Costs Disclosure

Closing costs typically range from 2% to 5% of the loan amount and may include origination fees, appraisal fees, title insurance, taxes, and other applicable charges. We provide a detailed estimate upfront to ensure transparency. Final costs may vary based on loan type, property location, credit profile, and other factors.

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Refinance Disclosure

Refinancing replaces your existing mortgage with a new one. While it may lower your monthly payment or interest rate, refinancing can extend your loan term and increase total interest paid over time. Savings are not guaranteed and depend on your individual circumstances, market rates, and closing costs. Carefully review potential benefits and risks before deciding to refinance.

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Servicing Disclosure

Your mortgage may be serviced by TrueKey Lending or transferred to another licensed loan servicer. Your loan may also be sold in the secondary market after closing. In the event of a servicing transfer, you will be notified in writing, and all loan terms, rights, and obligations will remain unchanged.

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Equal Housing Lender Statement

TrueKey Lending is an Equal Housing Lender. We do not discriminate on the basis of race, color, religion, national origin, sex, marital status, age, or because all or part of your income comes from public assistance programs.

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Contact Information

loans@truekeylending.com

352-363-1311