Types of Mortgage Loans – The Basics

Types of Mortgage Loans – The Basics

Published on: 27/08/2024

In the past, homebuyers more or less had limited mortgage loan options. These days, there are more options than you can shake a stick at, but here’s a primer on the basics.

Mortgage Loan Options – Going Exotic

Mortgage Loan Options – Going Exotic

Published on: 27/08/2024

In the past, a person had limited options when borrowing money for a home purchase. These days, there are exotic mortgage loan options that satisfy just about every borrowing need.

Commercial Mortgage Loans

Commercial Mortgage Loans

Published on: 23/08/2024

Commercial Mortgage Loans are specially tailored for purchasing property that can be used for commercial use, the expansion for current business premises, and any residential and commercial investment as well for property development.

Save Thousands by Prepaying your Mortgage

Save Thousands by Prepaying your Mortgage

Published on: 22/08/2024

Sometimes you may find yourself with extra money at the end of the month or have unexpected income. And you may consider destining that surplus to paying off your mortgage soo

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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