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Lender disclosure

Plain words about Mike Oswald, Rate, Inc. and how they relate to PadLeaders, The Kenna Group and Keller Williams DTC. Short version: separate companies, no referral fees, and you are free to choose any lender.

Updated October 19, 2026.

1. Separate, independent companies

PadLeaders (a Kenna Group Enterprises company), The Kenna Group and Keller Williams Realty DTC, LLC (Keller Williams DTC) are not affiliated with Rate, Inc. They are separate, independent companies. None of them owns any part of Rate, and Rate owns no part of them. There is no joint venture and no affiliated business arrangement.

2. Why Mike Oswald is on our pages

Mike Oswald is a loan officer at Rate whom we know, like and trust, and many of our buyers have used him. Listing him is not an endorsement of any loan product and not a guarantee of any rate, term, approval or closing date. Mike and Rate alone decide whether to make a loan and on what terms.

3. You choose: either, both or neither

You are never required to use Mike Oswald or Rate to work with PadLeaders or a Kenna Group agent, and you are never required to work with us to use Mike. Use either, both or neither. Choosing another lender never affects the service you get from us.

Shopping more than one lender is smart. Ask each for a Loan Estimate and compare the rate, APR, points and closing costs side by side.

4. No referral fees

No referral fees are paid or received, and nothing of value is exchanged for referrals between us and Mike Oswald or Rate. Federal law (RESPA, Section 8) prohibits kickbacks and referral fees for mortgage referrals, and we follow it.

As of October 19, 2026, we know of no paid advertising or marketing arrangement between PadLeaders, The Kenna Group or Keller Williams DTC and Mike Oswald or Rate. If one is ever made, it will be described on this page, and any payment would be at fair market value for advertising actually provided, never for referrals.

5. Rates are averages, not a quote

Rates shown on our pages are Freddie Mac's weekly national averages (Primary Mortgage Market Survey). They are not a quote and not an offer of credit from Mike Oswald, Rate or anyone else.

Your rate depends on your credit, down payment, loan type, property and the market on the day you lock. APR may differ from the rate. This is not a commitment to lend. Rates, terms and programs are subject to change and borrower qualification.

Rate's own disclosures say, in substance, that loan approval depends on credit and underwriting and not every applicant is approved; that receiving an application is not an approval or a rate guarantee; and that refinancing can increase total finance costs over the life of the loan. Read them on rate.com/licensing.

6. Licensing

Mike Oswald, NMLS #261003 · Rate, Inc., NMLS #2611 · Equal Housing Lender.

Check both on NMLS Consumer Access. Rate lists its state licenses on its licensing page; see also Rate's privacy policy and terms of use. Mike's Rate profile: rate.com/loan-officers/mike-oswald-261003.

7. Calculators are illustrations

Payment calculators on our pages are illustrations only. The starting values are examples, not terms available from any lender. Results leave out items such as homeowners insurance, HOA dues and mortgage insurance, and they are not an offer, a pre-approval or a Loan Estimate. A lender sets the real terms.

8. Questions

Questions about this disclosure? Contact us through PadLeaders support. Questions about a loan go to Mike Oswald at Rate: (720) 677-5816.