DISCLOSURES, TERMS, AND CONDITIONS

Credit and collateral subject to approval. This refinance offer is not valid on condotels, manufactured homes, or mobile homes. Other restrictions and limitations apply. For more information, call our toll-free number.
*At this time, Discover Home Loans is able to refinance under HARP only loans guaranteed by Fannie Mae, not Freddie Mac. You may verify that your loan is guaranteed by Fannie Mae at www.fanniemae.com/loanlookup. Terms Subject to Change: All loans are subject to credit and property approval. Rates, program terms, and conditions are subject to change without notice. Not all products are available in all states or for all loan amounts. Benefits and risks of refinancing: Applicable benefits and risks vary based on the terms of your original loan, the terms of your new loan, collateral requirements, etc.

• Before choosing to refinance, borrowers subject to a pre-payment penalty on their existing loan should carefully consider the cost of paying the significant penalty associated with refinancing during the pre-payment penalty period.
• Refinancing or taking out your home’s equity may increase the total number of monthly payments and/or the total amount paid when compared to your current situation.
• You may realize interest payment savings when you make monthly payments toward a new, lower interest-rate loan in an amount equal to or greater than what you currently pay on your existing mortgage loan.

All loan programs are offered by Discover Home Loans, Inc., a subsidiary of Discover Financial Services.173 Technology Drive, Irvine, CA 92618. (888) 866-1212. All loans will be secured by a lien against your property. Not all applicants will be approved. Terms and conditions apply, call for details. AZ Mortgage Banker License No. 0919392; Licensed by the Department; of Business Oversight under the California Residential Mortgage Lending Act Residential Mortgage Lending License No. 4131197, Regulated by the Colorado Division of Real Estate; GA Residential Mortgage Licensee No. 33265; IL Residential Mortgage Licensee # MB.6760852 – Dept. of Financial Regulation, 100 West Randolph, 9th Floor, Chicago, IL 60601; MA Mortgage Lender & Mortgage Broker License No. MC837915; Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; NJ Residential Mortgage Lender License; Licensed Mortgage Banker - NYS Department of Financial Services; OH Mortgage Broker Act Mortgage Banker Exemption No.MBMB.850150.000; OR Mortgage Lender License # ML-5100; Rhode Island Licensed Lender; VA Exempt Company Registration; Licensed in WA under the name of DFS HL Inc., Consumer Loan License No. CL-837915; Discover Home Loans, Inc.’s Nationwide Mortgage Licensing System Number 837915.

Frequently Asked Questions about Refinancing

Q: What should I know about a HARP refinance?
A: Freddie Mac and Fannie Mae have adopted changes to the Home Affordable Refinance Program (HARP) and you may be eligible to take advantage of these changes. If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP. You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites: For Fannie Mae: http://www.knowyouroptions.com/loanlookup For Freddie Mac: http://www.freddiemac.com/mymortgage

Q: What are the HARP eligibility requirements?
A: First, you need to own and occupy the home you want to refinance. In addition, you must meet the following requirements:
• Your loan must be owned or guaranteed by Fannie Mae.
• Your mortgage must have been sold to Fannie Mae on or before May 31, 2009.
• You have not previously had a HARP refinance, unless it was a Fannie Mae loan that was refinanced under HARP between March—May, 2009.
• You have not been more than 30 days late on your mortgage payment in the past 12 months.
• You are up to date on your mortgage payments when you apply.
• You can prove that you’re able to make your new refinance payments and that refinancing will improve the long-term affordability or stability of your loan.
• Your current loan to value (LTV) ratio must not exceed 125% and your loan must currently be serviced by a specific servicer. Call for more information.