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Axcell Financial Mortgage has a variety of conventional loan programs available with features, terms and benefits to meet our customers' specific needs.

Privacy Notice – Axcell Financial Mortgage Corp.

This privacy notice serves to inform you on how financial companies collect and share your personal information. Axcell Financial takes online privacy seriously. This statement is one way of confirming your trust in our company, our products, and our services. Federal law allows consumers the right to limit some, but not all sharing. Federal law also requires financial companies to inform you on how we collect, share and protect your personal information. Please read this notice carefully to understand how we use information we collect.

Information we collect:

When you fill out an application or any other form, we ask for information, which helps us communicate and evaluate your need(s), and to determine eligibility for products or services. All financial companies need to share customers’ personal information to run everyday business. We collect personal information when you apply for a loan, including information about income, employment, current mortgage, if any, and contact information, captured from your government-issued ID. We also collect your personal information from others, such as credit bureaus, affiliates and other companies. We restrict access to the information obtained from our web site and web pages only to our employees and only those parties needed to process your information. We log all website activity and we periodically review activity in order report malicious, and/or inappropriate activity to the appropriate law enforcement authorities. We maintain physical, electronic, and procedural safeguards designed to protect your personal information. To protect your information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Axcell Financial chooses to share; and whether you can limit this sharing.

We can share your personal information for:

Everyday business purpose- Such as to process your loan application, service your, report to credit reporting agencies and respond to court orders and legal investigations.

Share - YES

Can you limit this sharing? NO

Marketing purposes- To offer our products and services to you.

Share - YES

Can you limit this sharing? NO

Joint marketing with other financial companies-

Share - YES

Can you limit this sharing? NO

Affiliate business purposes- Information about your transactions and experiences.

Share - YES

Can you limit this sharing? NO

Affiliate’s everyday business purposes- Information about your creditworthiness.

Share - YES

Can you limit this sharing? YES

Affiliate to market you-

Share - YES

Can you limit this sharing? YES

Non-affiliates to market to you-

Share - YES

Can you limit this sharing? We do not share

Federal law gives you the right to limit only:

• Sharing for affiliates’ everyday business purposes-information about your creditworthiness
• Affiliates from using your information to market to you
• Sharing for non-affiliates to market to you

State laws and individual companies may give you additional rights to limit sharing. (See below for more on your rights under state law.)

You can contact us at any time to limit our sharing. If you have Questions about This Privacy Statement, contact Axcell Financial at: This email address is being protected from spambots. You need JavaScript enabled to view it. – 908.964.0010– 2444 Morris Avenue, Union – NJ, 07083.

To limit sharing

• Call 908-964-0010
• Visit us online at axcellfinancial.com
• Complete and Mail this Opt-Out page

TO OPT OUT, MAIL IN THE FOLLOWING INFORMATION:

Mark any/all you want to limit

____Do not share information about my credit worthiness with your affiliates for their everyday business purposes

____Do not allow your affiliates to use my information to market to me

____Do not share my personal information with non-affiliates to market their goods and services to me

Your choice will apply individually unless you tell us otherwise. Any account holder may express a privacy preference on behalf of the other joint account holders.

Last Name: (Please Print) ____________________________________________

First Name: (Please Print) ____________________________________________

Loan Account Number: _______________________________________________

Street Address: _____________________________________________________

City: _______________________State: ______________ Zip: ________________

Mailing Address: (If different than street address)__________________________

City: _______________________State: ______________ Zip: _________________

Signature: _______________________________________ Date:_______________

Mail To:

Axcell Financial Mortgage

2444 Morris Avenue

Union, NJ 07083.

Attn: Production Support – RE: Privacy/Information Sharing Opt-Out

Will Axcell Financial. Make Changes To This Privacy Statement?

This statement remains in effect until amended. Axcell Financial reserves the right to amend this Privacy Statement or alter its privacy principles at its sole discretion without notice to you. Any alterations to this Privacy Statement or our privacy principles will be updated on our web site.

Important Notice About Credit Reporting: Please note that we report information about you to consumer reporting agencies. Late payments, missed payments or other defaults on your account may be reflected on your credit report.

What Affects Home Loan Rates?

There are many factors that affect not only the ability of a customer to qualify for a loan, but also the rate they may be offered. Some important factors include:

Credit and Payment History

Making timely payments on your debt obligations is very important. Late payments can greatly affect both your ability to qualify for a loan and the interest rate offered.

Debt-to-Income Ratio

Your monthly debt obligations divided by your income provides your debt-to-income ratio. The higher the ratio, the higher the loan’s risk, as the percentage of your income already required to pay existing bills is high. You have less money available to take on new debt or pay for day-to-day expenses and emergencies. Loan programs often include a maximum “DTI” ratio that a borrower cannot exceed.

Loan Amount vs. Property Value

The percentage of the loan amount to your property value (loan amount divided by the property value) is the loan-to-value ratio. The “LTV” ratio can affect the ability of a borrower to qualify for a loan and the interest rate they receive.

Other Factors

Among other factors that may affect the rate you are offered are:

• Property Type (for example, single- or multi-family, detached or condominium/townhouse)
• Occupancy (whether the property is your primary residence or not)
• Property Condition
• Market Conditions
• Loan Amount
• Points

How Do I Lower My Payments?

Refinancing can be an effective way to lower monthly payments. Before you refinance a home to lower payments it's a good idea to:

• Review your entire financial picture
• Evaluate your short- and long-term goals
• Consult a tax or financial planning professional

There may be a number of different loans that can help you lower your payment; the right decision depends upon your current situation as well as your short- and long-term goals.

Review your entire financial picture

Do you want to only lower your monthly mortgage payments or do you want to lower all of your bill payments? Do you need to finance home repairs or college education in the near future? Some homeowners choose to refinance a home loan solely to lower the mortgage payments. Others choose to refinance to consolidate debt and get cash for needed expenses.

Evaluate your short- and long-term goals

Circumstances change over time and your short-term goal may be to lower your payments while your long-term vision involves something entirely different. You need to determine your short- and long-term goals to see whether refinancing a loan can help you meet them.

When you're looking for a mortgage, you'll probably speak with a number of different professionals. Here's a quick overview of what each of them does, and how they may help you in the loan process.

Mortgage Professional

Your Mortgage Professional is prepared to act as your primary guide throughout the mortgage process. S/he will provide you with detailed information so you can determine the loan that best fits your needs and will coordinate all your loan paperwork. To contact a Axcell Financial Mortgage Professional, click here .

Typically, Mortgage Professionals are responsible for:

• Assembling all required paperwork for loan prequalification. This is the process of providing financial and other information (such as employment history) by a prospective borrower in order for the lender to determine the loan amount the borrower may qualify for to purchase a home.
• Preparing prequalification letters for you, which will show sellers how much you could qualify for a home loan and potentially provide you with an advantage if competing with other interested buyers who are not prequalified.
• Gathering your income, expenses, assets and obtaining a copy of your credit report. It helps a lender determine whether or not a potential borrower is a good business risk.
• Sending your information to a loan underwriter for review.
• Providing qualified borrowers with a loan offer and loan disclosures.
• Information given to consumers about their loans that explain loan fees, terms, and conditions.
• Working with title companies to schedule closing your loan.
• Attending the loan closing. This is the time and place at which documents for your loan are signed, dated, and notarized.
• Keeping you informed throughout the process and ensuring you fully understand your mortgage.

Your Real Estate Professional

Your real estate professional will help you find properties for sale that fit your budget and your needs. Your real estate professional may also:

• Write up your purchase offer and present it to the seller or seller's real estate professional.
• Guide you through negotiations with the seller and accompany you to the closing.
• Work with your lender to get them information they need about the home you've contracted to purchase.
• Help you understand the market you're looking in and provide comparable homes to review.

The Seller's Real Estate Professional

Sometimes also referred to as the "listing agent", the seller's real estate professional will work with your agent on the real estate offer, negotiations, and loan closing.

Underwriter

The underwriter is the person who decides whether or not their lending organization will approve your application for a home loan. They make this decision based on the information they receive from your loan application and supporting documentation, including the home appraisal.

Typically, your Mortgage Professional will communicate with the underwriter on your behalf. Unless you experience unusual circumstances, it's unlikely that you will be asked to contact the underwriter directly.

Inspector

An inspection is sometimes required by the lender to help determine the condition of a property. A third party conducts the inspection, which includes all major appliances and structural elements.

Appraiser

The appraiser provides a professional estimate of the fair market value of the property. The appraiser inspects the property for value -not for potential repairs- and reviews comparable sales information.

Title Company

The title company researches the title on the property. Before making a loan, a lender will usually require a title search or a title report to make sure the borrower will legally own the real estate. Based on the results, they will create a Title Report. This report lists current owners of the property and any unpaid debts or liens filed against the property.