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You understand that by clicking on the Submit button immediately following this notice, you are providing 'written instructions' to Mortgage Direct Inc under the Fair Credit Reporting Act authorizing MDI to obtain information from your personal credit profile or other information from Experian IF you provide your social security number You authorize MDI to obtain such information solely for the purpose of a Mortgage Loan Application.

What's Mortgage Direct’s interest rates?

Your interest rate depends on your loan type and your credit history.

How does Mortgage Direct figure out how much I may qualify for?

• Whether or not you own a home
• The amount of equity you have in your home
• The total amount of debt you carry
• Your income and credit history

Will my monthly payment always be the same?

That depends on your loan type and its duration. If your loan is a
conventional closed-end loan and has a fixed interest rate, a fixed term,
and you make payments on your due date, your payments will not change
from month to month.

Explore loan options with our Mortgage Direct mortgage calculators

What is the difference between a home equity loan and a mortgage
refinance loan?

A home equity loan, also called a second mortgage, is an additional
mortgage on a home. A mortgage refinance loan usually replaces an
existing mortgage.

Why would I want to refinance my current mortgage?

By refinancing your current mortgage, you may be able to:

• Lower your monthly mortgage payments
• Receive the benefits of tax-deductible interest on mortgage payments
  (consult your tax advisor)
• Reduce the term of your mortgage and build equity faster
• Switch from an adjustable-rate mortgage to a fixed-rate mortgage or
  vice versa

How much could I borrow if I refinanced my mortgage?

One of our top mortgage bankers can work one on one with you during the refinancing procress, tailoring a solution to effectively meet your financial needs based upon your financial history.

How will I know what my monthly mortgage payments could be?

That depends on the amount of the loan, the interest rate, and the term of the
loan.

Explore your options with our Mortgage Direct loan calculators.

What types of property could I refinance?

Mortgage Direct offers refinance loans for single-family homes,
condominiums, townhouses, planned urban developments, modular,
mobile and manufactured homes*, rural, and mixed-use properties.

*Certain restrictions may apply; please contact Mortgage Direct
at 1-800-24-RATES.

Back to Refinance

Locations: 360 W. Butterfield Rd., Suite 320, Elmhurst, IL 60126 | 214 W. Ohio St., Chicago, IL 60610

An Illinois Residential Mortgage Licensee;License #: MB6759244, California Residential Mortgage Licensee; License #: 603F094, Florida Residential Mortgage Licensee; License #: CL0703664, Texas Residential Mortgage Licensee; License#:83247, and Wisconsin Residential Mortgage Licensee; License #: 600822.

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