Independence Day will soon be celebrated and this amazing day will be welcomed by fireworks, family reunions, political speeches, parades, and everything else that we do to commemorate our independence.…
What is a reverse mortgage? A reverse mortgage is a loan agreement between the borrower a lender where the homeowner borrows against the equity or the value of the home. The…
Conventional loans and FHA are options to people who have good credit standing. But before you decide which one is suitable for you, first, you have to know what the…
Before you take out a construction loan, make sure that you know what you are about to sign for. Now that you have a dream house in mind, make sure…
Thinking of how to appreciate your Dad for Father’s day? To begin with, appreciating your Father for everything that he has done for the family would be a great start.…
Home refinancing can be a burden for a homeowner looking for possible ways to ease the burden of your mortgage. Maybe you are thinking about refinancing your home loan to…
Reverse mortgages are one of the best options for 62 years old or older and interested in having extra financial liquidity. Do you have expenses that you have not prepared…
FHA loan is an option that you can avail of if you want to buy your own home. Homeownership is not an impossible dream now because FHA loans are available…
FHA (Federal Housing Administration) loans are guaranteed loans with lenient rules to help people get their homeownership. An FHA loan is not given by a lender itself but it is…
Jumbo loans, or jumbo mortgages, are loans that are for big-ticket homes. These are homes that the usual conventional loans will not cater to. These are properties that are usually…
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.
