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**Hypothetical scenario assumptions:
This chart shows a hypothetical scenario. The amount of money or time needed for repayment may lengthen by consolidating your debts . This example's current mortgage assumes an interest rate of 6.75% and a 30-year term with a principal and interest payment. The payment does not include taxes and insurance which may be required by our mortgage partner. Credit card payments assume an interest rate of 18% with a minimum payment of 2% of the balance or $50 (whichever is greater). Auto loan payments assume 9.5% interest rate and a 4-year term. The “TOTAL NEW LOAN” is based upon a fixed interest rate of 6.75%, APR of 7.03% , a term of 360 months, and total finance charges of $283,528. Loan amount of $208,000 includes origination costs. THIS IS ONLY AN EXAMPLE. Apply Financial's mortgage partners have the right to offered varied rates, payments and origination costs. These costs may also vary based on term and credit. All loans are subject to approval by Apply Financial's mortgage partners. Apply Financial is not a mortgage broker or lender. Apply Financial provides marketing for licensed mortgage brokers and lenders. The proposed legislation is being introduced by the Office of the Comptroller of the Currency. More detailed information regarding this legislation is provided at www.bankrate.com .
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