February 2020 - Carlsbad Mortgage Company

Steps in refinancing your home

If your financial position has changed or the value of your home has gone up since you purchased it, you may be considering changing the terms of your home loan. If you want to get more favorable terms, lower your…

When to Consider a Second Mortgage (And When to Avoid It)

February 12, 2020
Bryce Schetselaar
First Time Home Buyer, Mortgage Refinance, Mortgage Tips, Second Homes

Over half of American homeowners financed their home purchase and have a mortgage. Banks and lenders like this arrangement because they earn money in the form of interest payments when they loan money to buyers. Buyers like it because they…

Attn: ILLINOIS APPLICANTS
COMMUNITY REINVESTMENT NOTICE
THE DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION (DEPARTMENT) EVALUATES OUR PERFORMANCE IN MEETING THE FINANCIAL SERVICES NEEDS OF THIS COMMUNITY, INCLUDING THE NEEDS OF LOW-INCOME TO MODERATE-INCOME HOUSEHOLDS. THE DEPARTMENT TAKES THIS EVALUATION INTO ACCOUNT WHEN DECIDING ON CERTAIN APPLICATIONS SUBMITTED BY US FOR APPROVAL BY THE DEPARTMENT. YOUR INVOLVEMENT IS ENCOURAGED. YOU MAY OBTAIN A COPY OF OUR EVALUATION. YOU MAY ALSO SUBMIT SIGNED, WRITTEN COMMENTS ABOUT OUR PERFORMANCE IN MEETING COMMUNITY FINANCIAL SERVICES NEEDS TO THE DEPARTMENT.
(SOURCE: P.A. 101-657, EFF. 3-23-21.)

Attn: OREGON APPLICANTS:
RESIDENTIAL MORTGAGE LOAN SERVICERS ARE REGULATED BY THE OREGON DIVISION OF FINANCIAL REGULATION. TO FILE A COMPLAINT, CALL 866-814-9710 OR VISIT HTTP://DFR.OREGON.GOV.

Attn: TEXAS APPLICANTS:
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 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.

Attn: ILLINOIS APPLICANTS (205 ILCS 735/35-20)
COMMUNITY REINVESTMENT NOTICE
The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department.
(Source: P.A. 101-657, eff. 3-23-21.)

**Mortgage and Real Estate Wire Transfer Fraud is on the Rise. Be aware that MortgageOne, Inc. will never send/email wiring instructions and all wiring instructions received should be verbally verified with escrow, closing attorney or title company office.**

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