If you are overwhelmed with the reverse mortgage loan details, don't be. More and more senior homeowners are considering applying for a reverse mortgage loan to pay off current financial…
Are you looking for the best reverse mortgage rates in the market? Shopping around is always the best first step to know what you are getting into and that you…
Reverse mortgage companies, the unscrupulous ones, took advantage of retirees in the past by exploiting the needs of the Seniors. But that is all in the past as the Federal…
How is the interest on reverse mortgages computed? And why should I be educated on this? When applying for a reverse mortgage, you need to be aware of the best…
You have heard about reverse mortgages, and there may be terms and important details that you are not familiar with. One of the distinct advantages of a reverse mortgage is…
Reverse mortgage refinance works similarly to how refinancing a conventional mortgage is processed. You get a new loan to pay off the earlier mortgage. But before you explore the road…
An AARP reverse mortgage could be money that is waiting to be accessed by our senior citizens. AARP works with the older demographic and helps them not only get by,…
American Advisors Group (AAG), like American Mortgage Corporation, exists to give their clients the best service possible to give them the retirement of their dreams. Both companies offer services with…
Reverse mortgage calculation can be a tricky thing for mortgage applications. So if you want to have an idea of how much your reverse mortgage will cost, a reverse mortgage…
Selling your house while on reverse mortgage? Yes, it can be done. But before you jump at the opportunity to do so, here are some of the facts you need…
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.
