A quick guide to mortgages

A quick guide to mortgages

Published on: 16/07/2024

A mortgage is a loan specifically designed to finance the purchase of a property. It enables borrowers to obtain substantial funds needed for buying a home or property at comparatively low interest rates and with manageable repayment terms. To ensure you secure the most favourable terms, it is crucial to shop around and compare offers from different lenders. The property purchased with the mortgage serves as collateral for the loan. It is important to understand that if there are defaults in repayment, the lender has the legal right to repossess the property to recover the outstanding amount.

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NEXA Mortgage, LLC is an Equal Housing Lender

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5559 S Sossaman Rd Bldg #1 Ste #101 Mesa, AZ 85212

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© Copyright - , Mortgage Loan officer | Powered By Mortgages By Shan

NMLS# 1660690 | 3100 W Ray Road #201 Office #209 Chandler, AZ 85226

NEXA Mortgage LLC is an Equal Housing Lender

Notice To Texas Loan Applicants: 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, TX 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