An assumable mortgage loan lets San Antonio, TX home owners transfer a mortgage loan and its terms to another borrower. The buyer “assumes” the mortgage from the seller, with all the same terms.
Carlos Rendon is a Licensed Mortgage Advisor with Angel Oak Home Loans. Contact Carlos to. NMLS 1529940. Licensed in Texas. San Antonio, TX 78258.
Whether you are purchasing your dream home, first home, refinancing an existing loan, or consolidating debt, our highly experienced team of loan officers can help you find the right loan program at the lowest rate possible. Finding the best mortgage companies in San Antonio, Texas doesn’t have to be difficult.
The equity in your home is the value of your home less any outstanding loans owed against it. A home equity loan in Texas allows you to borrow up to 80% of the value of your home. Example: If your home is valued at $100,000 you may borrow up to 80% of its value or $80,000.
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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.