Disclosures & Licensing

“No Regrets” Advertising Disclosures, Terms & Assumptions

  • Monthly payment savings based on a hypothetical example.  Individual results will vary.  Advertised monthly payment savings based on a consumer refinancing an existing 30 year fixed rate mortgage loan with an original principal balance  of $350,000, an interest rate of 4.0%, and 360 monthly payments of $1671 into a new 30 year fixed rate mortgage loan with an original principal balance of $315,000, an interest rate of 2.125% / 2.495% APR and 360 monthly of $1184, which would result in a monthly payment savings of $487.  The monthly payments reflected do not include amounts for taxes and insurance, and actual payment obligations will be greater.  While monthly payment may be reduced, by refinancing an existing loan the consumers’ total finance charges may be higher over the life of the loan.

For AmerisSave’s loans originated from 1/1/2020 through 11/2/2020, the median monthly savings for borrowers refinancing an existing 30-year mortgage loan into a new 30-year mortgage loan is $560 per month, and the average savings for the same scenario is $629 per month.

  • Based on actual consumers who have prequalified for available interest rates via AmeriSave’s self-service website from 9/1/2020 to 10/30/2020, the median time it took a consumer from the point of entering their subject property address to the point of being prequalified for available interest rates was 2.4 minutes. For another measure, based on a broader period of 8/1/2020 to 11/20/2020, the average time it took a consumer from the initial instance of visiting the AmeriSave rates landing page to the point of being pre-qualified for available interest rates was 3.2 minutes

Additional Information for Illinois Consumers