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Reverse Mortgages –Simplified Part 2- Loan Calculation

February 25, 2021 423 admin

There is a loan calculator managed by FHA/HUD that determines your HECM reverse mortgage loan amount or the amount of equity in your home that a homeowner may access. The calculator uses the age of the homeowner or youngest age (if more than 1...

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25 Ways to Use a HECM – (Home Equity Conversion Reverse Mortgage) In Texas and New Mexico

February 26, 2018 603 admin

25 Ways to Use a HECM – (Home Equity Conversion mortgage, or simply put, a Reverse Mortgage) in Texas and New Mexico as outlined by Bruce Anderson from Legacy Mortgage powered by Guild...

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Reverse Mortgage for Investment Protection in Texas and New Mexico

February 22, 2017 313 admin

Reverse Mortgage for Investment Protection in Texas and New Mexico Michael Lazar Contributor, NowItCounts.com The media has changed its tone on reverse mortgages in recent months in all areas of Texas and New Mexico, namely after new laws passed...

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Reverse Mortgages on NBC NEWS

April 27, 2016 261 admin
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Guild Mortgage Company; Equal Housing Opportunity; AZ BK #0018883; Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; MA Mortgage Lender License #MC3274; MA Mortgage Broker License #MC3274; Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the N.J. Department of Banking and Insurance; NV Mortgage Company #1141; OR ML-176; Rhode Island Licensed Lender; Rhode Island Licensed Third-Party Loan Servicer; Company NMLS ID 3274. www.nmlsconsumeraccess.org/.

All loans subject to underwriter approval. Terms and conditions apply, subject to change without notice. Guild Mortgage Company is an Equal Opportunity Employer. Guild Mortgage Company 5887 Copley Drive, Floors 1, 3, 4, 5, 6, San Diego, CA 92111; For more licensing information, please visit www.guildmortgage.com/licensing.

*These are brokered loan products. The above material is not from HUD or FHA and was not approved by HUD or a government agency. Consult your tax professional to determine the tax effects of a reverse mortgage loan. Reverse mortgage borrowers must maintain the property and keep current on all property taxes, homeowner’s insurance and HOA dues.

Attn: TEXAS 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 (DOWNLOAD FORM HERE), 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 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.”