Simplify the borrowing process by building you’re dream home with American Mortgage Corporation Construction to-Permanent Mortgage Loan product. By combining the lot, construction, and mortgage financing into a single loan,…
Why is there so much paperwork asked by the lenders for a mortgage loan when buying a home today? It seems that the lenders need to know everything about you and your spouse and…
The Home Affordable Refinance Program® can save homeowners across the country up to $200 per month or $2,400 per year. If you are looking for ways to save money on…
American Mortgage Corporation is pleased to now offer FHA 203(H) loans with 100% financing Recovering from a major disaster is never easy, especially when a loved home is destroyed. With…
Below are some of the terms you’ll be running into most often. For a more complete list, you can always head to americanmortgagecorporation.com for a breakdown of even more mortgage terms.…
HARP Expiring Soon. The HARP program has been available for over seven years and has helped more than 3 million underwater homeowners refinance. This mortgage type has been a key part…
Should you refinance? With Mortgage interest rates being extremely low, now is a great time for many people to refinance, but what are factors to consider before refinancing a mortgage? Is…
Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period…
Natural disasters can bring out the best in people, as strangers reach out to help others in need. Unfortunately, the aftermath of a crisis typically also brings out many types…
In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers…
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.
