Disclaimer

1. General Disclaimer

The Todd Hanley Mortgage Team website and its associated mortgage calculators are provided strictly as educational resources and estimation tools. The content on this site is intended for general informational purposes only and should not be construed as financial, legal, tax, or professional advice of any kind. Every borrower's situation is unique, and we strongly recommend consulting directly with a licensed mortgage professional before making any financial decisions based on calculator outputs or information presented on this website.

2. Not a Loan Offer

Nothing on this website constitutes a loan application, pre-approval, pre-qualification, commitment to lend, rate lock agreement, or binding offer of any kind. Using any calculator on this site does not create a lender-borrower relationship, does not obligate Todd Hanley Mortgage Team or United Direct Lending to extend credit, and does not guarantee that you will qualify for any particular loan program, rate, or term. A formal loan application with full documentation, credit review, and underwriting analysis is required before any lending commitment can be made.

3. Estimate Accuracy

All calculator results displayed on this site are estimates generated for illustrative and educational purposes only. Actual loan terms, interest rates, monthly payments, closing costs, and total financing costs will vary based on your individual circumstances, including but not limited to:

• Credit score and credit history
• Property type (single-family, condo, townhouse, multi-unit, manufactured)
• Loan amount and loan-to-value (LTV) ratio
• Occupancy type (primary residence, second home, investment property)
• Debt-to-income (DTI) ratio
• Employment and income documentation
• Current market conditions and lender pricing adjustments
• Property location and state-specific regulations

Calculator outputs should be treated as starting points for discussion rather than definitive figures.

4. Payment Calculations

All monthly payment figures generated by our calculators represent Principal and Interest (P&I) only. These figures do not include additional costs that will be part of your actual monthly housing obligation, such as:

• Property taxes (county and municipal)
• Homeowner's insurance premiums
• Private mortgage insurance (PMI) or FHA mortgage insurance premium (MIP)
• Homeowners association (HOA) dues
• Flood insurance (if applicable based on property location)
• Special assessments or community development district (CDD) fees

5. Rate Information

Interest rates displayed on this website, including those labeled as "Sample Market Pricing" or similar descriptions, are provided as illustrative examples based on a specific set of qualifying assumptions. Unless otherwise noted, sample rates assume the following borrower and loan profile:

• Credit score of 740 or higher (FICO)
• Loan-to-value ratio of 75% or less
• Owner-occupied single-family residence
• Property located in the State of Florida
• 30-year fixed-rate mortgage
• Loan amount of approximately $350,000

Your actual interest rate may differ significantly from any sample rate shown. Rate adjustments (also known as loan-level price adjustments, or LLPAs) may apply based on your credit profile, property characteristics, loan purpose, and other factors determined by the investor or government-sponsored enterprise purchasing the loan.

Cash-out refinance transactions typically carry rates that are 0.125% to 0.50% higher than comparable rate-and-term refinance transactions due to additional risk pricing by lenders and investors.

6. Closing Costs

Where our calculators provide estimated closing costs, those figures are approximations based on typical fee ranges for the selected loan type and scenario. Actual closing costs will be determined during the formal loan process and disclosed to you on your official Loan Estimate and Closing Disclosure documents.

7. Term Extension Consideration

Refinancing your existing mortgage into a new 30-year term (or any term that extends beyond the remaining years on your current loan) may result in a lower monthly payment but can increase the total amount of interest paid over the life of the loan. For example, if you are 10 years into a 30-year mortgage and refinance into a new 30-year term, you are effectively resetting your amortization schedule to a 30-year payoff horizon.

We encourage borrowers to evaluate both the monthly payment reduction and the long-term cost implications before proceeding with a refinance. Shorter loan terms (such as 15-year or 20-year fixed) may offer lower interest rates and substantially less total interest paid, even if the monthly payment is higher than a 30-year option.

8. Savings Calculations

Where our calculators display estimated monthly savings, those figures are calculated by comparing your current mortgage principal and interest payment (plus any listed debt payments, if applicable in a debt consolidation scenario) against the projected new mortgage principal and interest payment. These savings comparisons are simplified illustrations and exclude the following from both sides of the comparison:

• Property taxes
• Homeowner's insurance
• HOA dues
• Mortgage insurance (PMI/MIP)
• Any other escrow items

Actual net savings may be higher or lower than the figures shown depending on changes in your tax and insurance costs, the addition or removal of mortgage insurance, and other factors specific to your new loan.

9. Equal Housing Opportunity

Todd Hanley Mortgage Team, powered by United Direct Lending, is an Equal Housing Opportunity lender. We are committed to providing mortgage lending services to all qualified applicants regardless of race, color, religion, national origin, sex, marital status, age, handicap, or familial status, in accordance with the Federal Fair Housing Act, the Equal Credit Opportunity Act, and all applicable federal and state fair lending laws and regulations.

If you believe you have been discriminated against in connection with a mortgage lending transaction, you may file a complaint with the U.S. Department of Housing and Urban Development (HUD) or with the Consumer Financial Protection Bureau (CFPB).

10. Licensing Information

Todd Hanley — Senior Loan Officer, RICP®, CMA™
NMLS #1013665

United Direct Lending
NMLS #1749719

Licensed to originate mortgage loans in the following states: Florida (FL), Texas (TX), and New Jersey (NJ).

Office Address: 5550 Glades Rd, Suite 500, Boca Raton, FL 33431

You may verify licensing information through the Nationwide Multistate Licensing System & Registry (NMLS) at www.nmlsconsumeraccess.org.

11. Wall Street Journal Reference

The Wall Street Journal reference displayed on this website reflects Todd Hanley's involvement in a prior professional role and pertains to commentary provided regarding mortgage rate survey methodology. This reference does not constitute an endorsement of Todd Hanley, Todd Hanley Mortgage Team, or United Direct Lending by The Wall Street Journal, Dow Jones & Company, News Corp, or any of their affiliates. The reference is included for biographical context only and should not be interpreted as a recommendation or approval of any products or services offered through this website.

12. No Social Security Number Required for Estimates

Our online mortgage calculators do not collect, require, or request your Social Security Number (SSN) at any point. All calculator estimates are generated based on the inputs you provide (such as loan amount, interest rate, and property value) without accessing your credit report or personal financial records.

Should you decide to move forward with a formal mortgage application after reviewing your calculator results, a Social Security Number and authorization for a hard credit inquiry will be required as part of the standard loan application and underwriting process. A hard credit inquiry may temporarily affect your credit score.

13. State-Specific Disclosures

Mortgage lending is regulated at both the federal and state level. Specific disclosure requirements, fee limitations, licensing obligations, and consumer protections may vary depending on the state in which the subject property is located and/or the state in which the borrower resides. Borrowers in Florida, Texas, and New Jersey should be aware that additional state-specific disclosures may apply to their transaction and will be provided during the formal loan application process.

The calculators on this website use general assumptions that may not fully account for state-specific regulations such as intangible tax (FL), Texas Section 50(a)(6) home equity lending restrictions, or New Jersey mortgage broker fee limitations. Please consult with your loan officer to understand how state-specific rules may affect your particular loan scenario.