Obelisco advisers

Legal Information

NOTICE

PLEASE READ THESE TERMS AND CONDITIONS CAREFULLY. BY ACCESSING THIS WEBSITE AND ANY PAGES THEREIN, YOU AGREE TO BE BOUND BY THE TERMS AND CONDITIONS BELOW. IF YOU DO NOT AGREE TO THE TERMS AND CONDITIONS BELOW, DO NOT ACCESS THIS WEBSITE, OR ANY PAGES THEREIN.

PRIVACY POLICY

We follow strict privacy guidelines to ensure that the information you provide to us remains confidential at all times. We take precautions to ensure the safety of your personal information and data.

Our goal is to gather just enough information to process the setup of your corporation, open a bank account, process a home loan, render an approval decision, or market our products – and we collect most of this information from consumers through our initial call, website, or as part of our application process. Occasionally we gather additional necessary information from public records, credit bureaus, or approved business affiliates and partners.

We retain all information in-house except when required to share it with companies, partners, and affiliates as a necessary function of the corporation set up, bank account opening, lending process, and other services we provide. Such companies, partners, and affiliates include, but are not limited to the Secretary of State, banks, lenders, title and escrow companies, appraisal services. Obelisco Advisers LLC does not sell customer information to or share it with unaffiliated parties.

The security of your personal information is a top priority at Obelisco Advisers LLC. We have taken extensive measures to ensure that only authorized people see the information you send to us.

Your financial information is not kept on our web server, but on a different computer that is separated from the Internet. Even in the unlikely event that our website is “hacked,” your data will remain securely out of reach.

Obelisco Advisers LLC reserve the right to change, modify, add or remove portions of this Privacy Statement at any time, but will alert you that changes have been made by indicating on the Privacy Statement the date it was last updated.

FAIR LENDING

Obelisco Advisers LLC conducts all lending activities in a manner consistent with federal and state fair lending laws. We treat all existing and prospective customers fairly and consistently throughout the loan lifecycle, without regard to any characteristic or basis prohibited by law.

Federal fair lending laws include the Fair Housing Act and the Equal Credit Opportunity Act. Other laws and regulations, including those at the state or local level, contain additional prohibited bases, including, for example, military and veteran status or sexual orientation.

Fair Housing Act

The Fair Housing Act (“FH Act”) is part of the Civil Rights Act of 1968. The FH Act expressly prohibits discrimination in every aspect of a residential real estate-related transaction, including the following:

  • Making loans to buy, build or repair a dwelling
  • Purchasing real estate loans
  • Selling, brokering, or appraising residential real estate
  • Selling or renting a dwelling.

 

The FH Act prohibits discrimination based on any of the factors listed below:

  • Race or color
  • Religion
  • National origin
  • Sex
  • Handicap
  • Familial status (which prohibits discrimination against households having children under the age of 18 living with a parent or legal custodian, pregnant women, or individuals with legal custody of children under 18)

 

Two additional factors are expressly prohibited when dealing with loans insured by the Federal Housing Administration (the “FHA”) and the properties securing those loans. In 2012, the U.S. Department of Housing and Urban Development issued a rule that prohibits FHA-approved lenders from basing eligibility determinations for FHA-insured loans on actual or perceived sexual orientation or gender identity.

Equal Credit Opportunity Act

The Equal Credit Opportunity Act and Regulation B, its implementing regulation (together, “ECOA”), prohibit discrimination in any aspect of a credit transaction against any applicant based on any of the following factors:

  • Race or color
  • Religion
  • National origin
  • Sex
  • Marital status
  • Age (provided the applicant is old enough and has the capacity to enter into a contract)
  • Receipt of income from any public assistance program
  • An exercise in good faith of a right under the federal Consumer Credit Protection Act or state law counterpart.

State Law

Other laws and regulations, including those at the state or local level, contain additional prohibited bases, including, for example, military and veteran status or sexual orientation. An example is set forth below.

Massachusetts General Law

Massachusetts General Law, MGL Chapter 151B, prohibits the discrimination of mortgage applicants based on gender identity, sexual orientation, genetic information, ancestry, or handicap.

STATE OF ILLINOIS COMMUNITY REINVESTMENT NOTICE

The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation once the Department completes our first evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department. We will update this notice when our first evaluation has been issued.

ECOA NOTICE

Notice: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants based on race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.

HOME MORTGAGE DISCLOSURE ACT NOTICE

The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. These data are available online at the Consumer Financial Protection Bureau’s Website (www.consumerfinance.gov/hmda). HMDA data for many other financial institutions are also available on this website.

INFORMATION ON LOAN TERMS, FEES, CONDITIONS, AND LIMITATIONS

The information provided on this website does not represent a commitment to lend. Loan applications are required. They typically (a) require full documentation and (b) are subject to underwriting approval and collateral requirements. Not all applicants will be approved. Loans are secured by liens against properties. Terms, conditions, and restrictions apply. Fees apply and may vary by state, product, and loan amount. Interest rates are subject to change without notice. If an applicant does not lock in a rate at application, that rate may not be available at loan commitment, lock-in, or closing. Additional payments of taxes & property insurance are required. By refinancing, the total finance charges may be higher over the life of the loan. Important information relating specifically to the loan will be contained in the loan documents, which alone will establish the borrower’s rights and obligations under the loan plan. Call for details.

Obelisco Advisers LLC is a Licensed Florida Mortgage Broker Company and is not affiliated with the U.S. Government, HUD, FHA, VA, or any other government agencies. We do not provide legal, tax, or investment advice.

FHA loans require an upfront mortgage insurance premium (MIP), paid at closing or financed into the loan amount, and an annual MIP paid monthly as part of the loan payment. FHA 203(k) loans allow financing up to the lesser of the value of the property before renovation (plus rehab costs) or 110% of the appraised value of the property after renovation. Loan-to-value requirements for FHA loans vary by product. The maximum loan-to-value for an FHA cash-out is 80%. FHA loan amounts are subject to the FHA’s Nationwide Mortgage Limits. The FHA Streamline program is not available in connection with Texas Section 50(a)(6) loans.

VA loans are available exclusively for eligible veterans, active-duty personnel, reservists, National Guard members, and surviving spouses. VA loans require a borrower-paid funding fee, which will vary and may be financed into the loan amount. Some borrowers are exempt from the funding fee. The maximum loan guaranty amount varies per county. The VA Interest Rate Reduction Refinance Loan (IRRRL) program is not available in connection with Texas Section 50(a)(6) loans. Contact the VA for more information on these items. 

USDA loans are available on single-family, primary residences. An upfront guarantee fee and annual fees are required. The USDA loan amount (including closing costs) may be up to 100% of the appraised value. USDA loans are not available in connection with Texas Section 50(a)(6) loans.

Visit https://www.rd.usda.gov/files/RD-DirectLimitMap.pdf for information on household income limits for specific counties.

COPYRIGHT AND TRADEMARKS

All content used on this site is the property of Obelisco Advisers LLC. Any use of text, graphics, logos, icons, buttons, and software that is not for the exclusive objective of company formation, account opening, crypto related transactions, obtaining a mortgage loan or any services provided by Obelisco Advisers LLC is strictly prohibited.

All marketing materials online and offline are trademarks exhibited by Obelisco Advisers LLC, including but not limited to the use of graphics, logos, images, and text, and cannot be used in association or a relationship in connection with any other products or services except those presented by Obelisco Advisers LLC.

LINKS

THIS WEBSITE MAY CONTAIN LINKS TO THIRD-PARTY WEBSITES. OBELISCO ADVISERS LLC DISCLAIMS LIABILITY FOR: ANY INFORMATION, MATERIALS, PRODUCTS, OR SERVICES POSTED OR OFFERED AT ANY OF THE THIRD-PARTY WEBSITES LINKED TO THIS WEBSITE.

By creating a link to a third-party Website, Obelisco Advisers LLC does not endorse or recommend any products or services offered or information contained at the Website, nor is Obelisco Advisers LLC liable for any failure of products or services offered or advertised at those Websites. Obelisco Advisers LLC may remove any third-party link at any time. Such a third party may have a privacy policy different from that of Obelisco Advisers LLC and the third party Website may provide less security than this Website. If you decide to visit a third-party Website via a link contained on Obelisco Advisers LLC Website, you do so at your risk.

Updated June 20, 2021

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