The Two Basic Types Of UK Mortgage

The Two Basic Types Of UK Mortgage

Published on: 23/08/2024

In the United Kingdom there are two main mortgages that people choose between when purchasing their home. Other options are available but for the large majority of people, it is one of either the fixed-rate mortgage or the adjustable-rate mortgage which is best suited to their requirements. The fixed-rate mortgage is the most simple of mortgages and the one which most people see as the traditional way to purchase your home. This involves the mortgage provider lending you t...

Reverse Mortgages – A Tax Free Income For Senior Citizens

Reverse Mortgages – A Tax Free Income For Senior Citizens

Published on: 22/08/2024

I fully realize if it sounds too good to be true, it probably is and There Ain’t No Such Thing As A Free Lunch (TANSTAAFL) immediately jumped into your head when you read the title of this article. However, if you are 62 or over, you may have just found the goose that laid the golden egg.

What Are Subprime Mortgage Loans?

What Are Subprime Mortgage Loans?

Published on: 05/08/2024

You certainly have heard or read news about the subprime mortgage loan mess that the United States is currently suffering from. But, what exactly is a subprime?

Lending Company Puts Forth A New Philosophy

Lending Company Puts Forth A New Philosophy

Published on: 19/07/2024

Global Equity Lending (GEL) proposes the concept of "Equity Optimization," which focuses on leveraging home equity for greater financial security. Key principles include actively using home equity for investments or debt consolidation, offering flexible and customized mortgage solutions, emphasizing financial education, and managing risks. GEL's approach aims to help homeowners maximize their financial potential and build a more secure future.

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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