Disclosures & Licensing

“No Regrets” Advertising Disclosures, Terms & Assumptions

  • Advertised rate for 15 year fixed rate loan is effective January 15, 2021, and subject to change without notice.  A 15 year fixed rate mortgage of $250k with an interest rate of 1.750%/2.285% APR requires 179 payments of $1580.15 and one additional payment of $1580.72.  Monthly payments are for principal and interest only and do not include amounts for taxes and insurance premiums.  Your actual payment obligation will be greater.
  • 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