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Read more about the article Forbearance during COVID-19

Forbearance during COVID-19

  • Post published:September 7, 2020
  • Post category:American Mortgage Corporation/Construction Loan/COVID-19

Have you been affected by the COVID-19 pandemic to the point that you are not being able to pay your mortgage on time? Do not worry because you can avail…

Continue ReadingForbearance during COVID-19
Read more about the article Labor Day in the Land of the Free

Labor Day in the Land of the Free

  • Post published:September 5, 2020
  • Post category:1x Close Construction Loan/American Mortgage Corporation

How are you going to celebrate this year’s Labor Day? Why should we celebrate it?  It is during this time that we tip our hats off to the hard-working American…

Continue ReadingLabor Day in the Land of the Free
Read more about the article Texas celebrates Lyndon B. Johnson Day

Texas celebrates Lyndon B. Johnson Day

  • Post published:August 25, 2020
  • Post category:American Mortgage Corporation

One of the most important contributions of President Lyndon Baines Johnson in the world of real estate in the US was the Housing and Urban Development Act of 1965.  President…

Continue ReadingTexas celebrates Lyndon B. Johnson Day
Read more about the article Own a home with AMC

Own a home with AMC

  • Post published:August 21, 2020
  • Post category:American Mortgage Corporation/Buying vs Renting/Conventional Loan

Your American dream of owning a home is not as impossible as you would think. If you have been worried because you feel that your current financial status will not…

Continue ReadingOwn a home with AMC
Read more about the article How to Pay Off Your Mortgage Faster

How to Pay Off Your Mortgage Faster

  • Post published:July 13, 2020
  • Post category:American Mortgage Corporation/COVID-19

Americans are now becoming more financially literate especially because of the realities that this COVID-19 pandemic brought.  Life before the pandemic was just how we usually went about it –…

Continue ReadingHow to Pay Off Your Mortgage Faster
Read more about the article Mortgage loan process made easy

Mortgage loan process made easy

  • Post published:July 6, 2020
  • Post category:American Mortgage Corporation/Buying vs Renting

An integral part of being an American is the ability to own a home. But even if we live in the land flowing with milk and honey, homeownership can be…

Continue ReadingMortgage loan process made easy
Read more about the article VA Loans for our heroes
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VA Loans for our heroes

  • Post published:July 3, 2020
  • Post category:American Mortgage Corporation/Construction Loan

Independence Day 2020 and we take our hats off to the men and women who sacrificed their lives for us to enjoy our freedom! To our modern-day heroes who are…

Continue ReadingVA Loans for our heroes
Read more about the article How Reverse Mortgage Works

How Reverse Mortgage Works

  • Post published:June 28, 2020
  • Post category:American Mortgage Corporation

What is a reverse mortgage? A reverse mortgage is a loan agreement between the borrower a lender where the homeowner borrows against the equity or the value of the home. The…

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Read more about the article Construction loans – What you need to know

Construction loans – What you need to know

  • Post published:June 21, 2020
  • Post category:American Mortgage Corporation/Construction Loan

Before you take out a construction loan, make sure that you know what you are about to sign for. Now that you have a dream house in mind, make sure…

Continue ReadingConstruction loans – What you need to know

Home Mortgage on Father’s Day

  • Post published:June 19, 2020
  • Post category:American Mortgage Corporation

Thinking of how to appreciate your Dad for Father’s day? To begin with, appreciating your Father for everything that he has done for the family would be a great start.…

Continue ReadingHome Mortgage on Father’s Day
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Texas consumers: How to file a complaint

Figure: 7 TAC §81.200(c)

“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, 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 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.”

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