Mortgage Banker: An ambiguous* sales person working for and representing one retail lender, rather than the consumer. am·big·u·ous– unclear or inexact because a choice between alternatives has not been made. Mortgage Broker: A transparent* educator working…
“Would you like to buy a house BUT….YOU JUST DON’T Have the FULL down payment?” NO PROBLEM….At American Mortgage Corporation, WE ARE CURRENTLY INTRODUCING A NEW LOAN PROGRAM WHICH will…
The 30-year fixed mortgage rate surged in the week ending Feb. 15 to reach its highest level since April 2014, according to the Primary Mortgage Market Survey released by Freddie…
Read Actual Customer Reviews And Testimonials About American Mortgage Corporation And Learn About The Great Experiences That Our Clients Have Had With The Mortgage Process, Whether Buying A New Home…
Why are homeowners suddenly so interested in cash-out mortgage refinancing? Although mortgage rates have ticked up recently, they are still relative bargains by historical standards. This is giving homeowners a…
Just because you don’t make a lot of money does not mean you will not qualify for a mortgage. Thanks to many low downpayment home loans available today, you can…
When preparing to purchase a home you’ll likely hear the term “closing.” Closing, often referred to as settlement, is the completion of the real estate transaction between you as the…
Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall.…
It depends on a host of factors, such as the value of your home, the amount of real property taxes you pay, and whether you take the standard deduction or…
National home prices have increased by 6.7% year-over-year. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market. As a…
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.
