Service First Mortgage

Service First Mortgage Company

2485 E. Southlake Blvd Ste 160, Southlake, TX 76092

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FAQ

PURSUANT TO THE REQUIREMENTS OF SECTION 157.007 OF THE TEXAS

MORTGAGE BANKER ACT, CHAPTER 157, TEXAS FINANCE CODE, YOU ARE

HEREBY NOTIFIED OF THE FOLLOWING:

COMPLAINTS REGARDING A LICENSED RESIDENTIAL

MORTGAGE LOAN ORIGINATOR SHOULD BE SENT TO THE

TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE

LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS

78705. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT

1-877-276-5550.

Monthly Payment
Calculates your payment for different loan amounts, interest rates, and amortization terms.

Payment Schedule
Calculates the breakdown of principal and interest payments in a yearly or monthly format.

Extra Payment
Calculates how much you can save over the term of your loan by increasing your monthly payment.

How Much Can I Afford
Calculates your maximum mortgage amount based upon the monthly payment, interest rate, and term that you enter.

How Much Can I Borrow
Calculates how much you can borrow based on your income, debts and desired loan terms.

Rent vs Own
Estimates the benefits of owning a home as opposed to renting.

Fixed Rate vs. ARM Calculator
Compares the difference between a fixed-rate and an adjustable-rate mortgage.

15-Year vs. 30-Year Mortgage Calculator
Compares the difference between a 15-year and a 30-year mortgage.

Refinance Interest Savings Calculator
Estimates the benefits of refinancing.

Interest Only Calculator
Calculates the monthly payment for an Interest Only loan.

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 WEB