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Buying Remains 36% Cheaper than Renting!

  • Post published:July 2, 2018
  • Post category:Blog

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas…

Continue ReadingBuying Remains 36% Cheaper than Renting!

Do You Know the Impact Your Interest Rate Makes?

  • Post published:July 2, 2018
  • Post category:Blog

Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your monthly payment and the amount of house that…

Continue ReadingDo You Know the Impact Your Interest Rate Makes?

Home Sales Accelerate During The “Dog Days of Summer”

  • Post published:July 2, 2018
  • Post category:Blog

Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million. Inventory of homes for sale remains below the historically normal 6-month…

Continue ReadingHome Sales Accelerate During The “Dog Days of Summer”

Real estate is top investing choice, with stocks only tied for third, survey finds

  • Post published:July 2, 2018
  • Post category:Blog

According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type…

Continue ReadingReal estate is top investing choice, with stocks only tied for third, survey finds

The Top Reason to List Your House For Sale Now!

  • Post published:July 2, 2018
  • Post category:Blog

If you are debating listing your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes For Sale…

Continue ReadingThe Top Reason to List Your House For Sale Now!

Homes Are Selling at a Rapid Clip

  • Post published:July 2, 2018
  • Post category:Blog

Homes are selling an average of a week faster than they did a year ago, meaning home shoppers should be prepared to move quickly in a competitive housing market, according…

Continue ReadingHomes Are Selling at a Rapid Clip

Rents Skyrocket at Highest Rate in almost a Decade

  • Post published:July 2, 2018
  • Post category:Blog

The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watch revealed the cost of rent was 3.8% higher than a year ago…

Continue ReadingRents Skyrocket at Highest Rate in almost a Decade

2016 Will Be A Breakout Year For FHA Buyers

  • Post published:July 2, 2018
  • Post category:Blog

FHA Approvals In Reach For More Buyers. FHA loans have long been one of the most popular mortgage types available. Roughly one quarter of all mortgage applicants will opt for…

Continue Reading2016 Will Be A Breakout Year For FHA Buyers

¿Ahorrando para comprar una casa? ¿Sabe la diferencia entre el costo y el precio?

  • Post published:July 2, 2018
  • Post category:Blog

Como el vendedor, usted estará más preocupado sobre ‘el precio a corto plazo’- hacia dónde se dirige el valor de la casa en los próximos seis meses. Como comprador, usted…

Continue Reading¿Ahorrando para comprar una casa? ¿Sabe la diferencia entre el costo y el precio?

Mortgage Rates Are Down Further, And You Can Continue to Thank Brexit

  • Post published:July 2, 2018
  • Post category:Blog

Mortgage interest rates are down, and, not surprisingly, new mortgage applications were up last week, with industry insiders pointing to last month's "Brexit" vote as a driving factor. According to…

Continue ReadingMortgage Rates Are Down Further, And You Can Continue to Thank Brexit
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American Mortgage Corporation is an Illinois Residential Mortgage Licensee. | Registration #: Illinois: MB.6761056, Florida: MBR1612 & Texas. Department of Financial and Professional Regulation, 310 S. Michigan Avenue, Suite 2130, Chicago, Illinois, 60604-4278. Rates are subject to change without notice

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Texas consumers: How to file a complaint

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.

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