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Mortgage News

What Mortgage is Best for You: Common Types of Mortgage

12 years ago
What mortgage is best for you? It is not possible to answer that question without knowing your personal details. However,…
Mortgage News

First Time Buyers: Buying Your First Home

12 years ago
First time buyers are usually excited but nervous when they decide to purchase their very first home. They worry about…
Mortgage News

Employment Data and Mortgage Rates: The Connection Between Them

12 years ago
Employment data and mortgage rates are intimately connected. This is partially because the Federal Reserve must maintain conditions that favor…
Mortgage News

Lease Option to Buy: Pros a Cons of Leasing a Home

12 years ago
A lease option to buy enables you rent out your home, but also offers the tenant to the right to…
Mortgage News

Real Estate Property Investment: Using a Self-Directed IRA

12 years ago
Real estate property investment can be a lucrative way to use your IRA. An Individual Retirement Account Fund can be…
Mortgage News

Mortgage Refinance: Advice on Refinancing a Mortgage

12 years ago
Mortgage refinance is not always possible if there is a second mortgage on the home. In fact, many people get…
Mortgage News

Truth in Lending and Your Mortgage Loan

12 years ago
Truth in Lending was introduced in 1968 to ensure uniformity in the way that costs incurred in borrowing, such as…
Mortgage News

Boomerang Buyers and Mortgage after Foreclosure

12 years ago
Boomerang Buyers is the name given to those that are being offered new mortgages after suffering foreclosure on their previous…
Mortgage News

First Time Buyer Issues: Low Credit Scores

12 years ago
A first time buyer mortgage is no longer difficult to get, but a mortgage with low credit score might take…
Mortgage News

Construction Vocabulary: Language of Architecture in Plain English

12 years ago
Construction vocabulary is often convoluted and difficult to understand, and here we try to express the language of architecture in…
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NMLS ID# 1823586, Licensed by California BRE Lic #01311868, California DFPI Finance Lenders Law License 60DBO93907, Colorado Mortgage Company Registration, Florida Mortgage Broker License MBR3758, Licensed by Georgia Department of Banking and Finance – GRMA#1823586, Maryland Mortgage License 06-24526, North Carolina Mortgage Broker License B197971, South Carolina – DCA Mortgage Broker License, Texas SML Mortgage Company License, Virginia Broker License MC-7108

NMLS Consumer Access Website

Consumers wishing to file a complaint against a company or a 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 residentialmortgage 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.

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