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The Mortgage Source of NJ, LLC does NOT sell your name, phone number or address to any other company for marketing purposes. Users of this web site understand that The Mortgage Source of NJ, LLC has no control over other said lenders or mortgage companies with regard to any statements, promises, commitments, privacy issues, etc. which they may make to the applicant. Borrower/Applicant therefore agrees to and hereby waives any right which they may have against The Mortgage Source of NJ, LLC, its agents and or employees as a result of the failure of such others to comply with any of the said statements, promises, commitments, errors, or omissions, privacy issues, etc. and hereby agree to hold The Mortgage Source of NJ, LLC, its agents and or employees free and harmless there from. We do reserve the right to sell, assign or transfer your loan or the servicing of your loan. The original loan terms** as described in your original closing documents will never change during the life of that particular loan. Transferring or selling the servicing of mortgage loans is very common and does NOT have a negative impact on the borrower's credit. You will receive a Servicing Disclosure Statement after you apply for your loan, in which you will be advised of our intention to hold, sell or transfer your loan based on the loan program for which you have applied. **The original loan terms at your closing (program; interest rate if fixed, or rate adjustments if adjustable rate; term in years; etc.) will NEVER change during the life of that loan, no matter where you may be required to mail future payments. If you have any comments or questions please contact us.
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