11/3/2023 0 Comments Nrmla reverse mortgage calculatorThe FHA (Federal Housing Administration) provides certain insurance benefits for lenders and borrowers in connection with the lender’s HECM loans the FHA does not make or originate loans. Reverse Mortgages are neither “endorsed” nor “approved” by the Federal Government. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT Oregon Applicants: ORS 86A.196 at the conclusion of a reverse mortgage, borrower must repay the loan & may have to sell the home or repay the loan from other proceeds charges assessed with the loan may include an origination fee, closing costs, mortgage insurance premiums & servicing fees the loan balance grows over time & interest is charged on the outstanding balance borrower is responsible for property taxes, hazard insurance & home maintenance, failure to pay these amounts may result in the loss of the home interest on a reverse mortgage is not tax deductible until the borrower makes partial or full re-payment. 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. 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. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-87. “Texas Mortgage Broker Disclosure Figure: 7 TAC §80.200(b) “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. Loans made pursuant to California Finance Lenders Law, License #60DBO-86253 | Colorado Mortgage Company Registered by the Division of Real Estate | Florida Office of Financial Regulation Mortgage Broker Business License #MBR729 | Idaho Mortgage Broker License #ML-5709 | Oregon Mortgage Lending License #ML-6909 | Texas Mortgage Broker | Washington Mortgage Broker License #MB-76801 Real Estate Broker, California Department of Real Estate #01456165 | CA Department of Financial Protection and Innovation. dba Zyng Mortgage, Zyng Mortgage Co, MLS Reverse Mortgage, MLS Mortgage and NextView Reverse Mortgage | NMLS #76801 To speak with someone at Sunshine State Mortgage, please call (954) 258-9077.Phone (888) 888-4834 | State Licensing | NMLS #76801 Access Link You are not required to enter into this agreement as a condition for doing any kind of business with Sunshine State Mortgage, and you can revoke this consent any time. By sharing your contact information, you express consent to Sunshine State Mortgage to contact you about your inquiry via phone call or text at the phone number and/or email address you provide using a manual or automated system. Please see our privacy notice for additional details.Ĥ. As we are a financial institution, any personal identifying information submitted to us here will be used for the purpose of communicating with you or advertising to you now or in the future, with the hope of presenting you with financial products that may fit your need. We do not sell our subscriber email list to other parties. Be contacted about a mortgage at my phone number even if my phone number appears on a State or Nationalĭo Not Call Registry, or any other Do Not Contact List.ģ. Receive disclosures and communications about my loan inquiry in electronic form (I confirm that I haveĪ working computer system and internet website browser to view this webpage) andĢ. By clicking "Submit" I agree by electronic signature to:ġ.
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