Tracker Mortgages Still An Attractive Choice

Tracker Mortgages Still An Attractive Choice

Published on: 19/07/2024

First time buyers are still being advised to seriously consider opting for a tracker mortgage, despite growing rumours of a rise in interest rates before the end of the year. Although the Bank of England moved to hold interest rates at 4.5 per cent recently, speculation is mounting that a quarter point rise will be enacted before the start of 2007. However, Money super market argues that those currently looking for mortgages should not automatically discount the idea of a ...

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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