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Reverse Mortgages –Simplified Part 2- Loan Calculation

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...

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

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/Legacy Lending Home...

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Reverse Mortgage for Investment Protection in Texas and New Mexico

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...

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Reverse Mortgages on NBC NEWS

Recently, NBC News did a short story about how reverse mortgages can actually help you save money. With some of the new regulations surrounding them, they are becoming a smart way to bring in more...

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Texas Disclaimer

“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.”