If you live in El Paso and are looking to purchase your first home, the process can be exciting but also stressful, especially for first-time buyers. We will lay out a simple but informative guide for you to follow when looking into home loans. Rocky Mountain Mortgage Co. is El Paso’s largest mortgage company and …
The Ultimate Guide to Home Loans: Everything You Need to Know Read More »
As if there weren’t enough contingencies when applying for a home—credit scores, income to debt ratios, interest rates, etc.— a prospective homebuyer is often faced with the question of loan type. For the average homebuyer, there are typically three options: a conventional loan, FHA loan, and VA loan. So what’s the difference? The answer is …
I’m Applying for a Mortgage in 2022— Which Loan Type is Right for Me? Read More »
Are you looking to buy your first home? Is this your first time buying a home on your own? You have nothing to worry about. All homeowners, no matter how experienced they are with the homebuying market, are learning something new every day about how mortgage and real estate work. Before you apply for a …
Mortgage Terminology to Familiarize Yourself With Read More »
Well, it’s not exactly like returning a broken item to a store. Mortgages can get a little testy. In the simplest of terms, refinancing is trading in your loan for a new one. The reasons why people choose to do this, however, will vary as will the factors involved. With the low-interest rates brought on …
The Great Mystery of Mortgage Refinancing: Should You Go For It? Read More »
Everyone’s path to homeownership is different. Some people buy their first home in their twenties. Others wait until they have a family. And others buy once they settle down in their career and preferred city. There is no “right” time to buy because all of our life’s journeys look different. There are, however, great opportunities …
Getting to the Closing Table: What You Need to Know About Closing Costs Read More »
A mortgage. It’s just one of those things in life. Most people will have some run-in with it eventually. Most will confront it at one point or another. It happens at different times for everyone. Regardless of when it happens, the process of getting a mortgage tends to be an unavoidable part of purchasing a …
The Origins & History of the Mortgage: How Has It Changed Over Time? Read More »
Rocky Mountain Mortgage Company gives a quick overview of some of the changes in home loans during this unprecedented health crisis. Here are a few things you should know.
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Texas Mortgage Banker Consumer Disclosure: PURSUANT TO THE REQUIREMENTS OF SECTION 157.007 OF THE MORTGAGE BANKER REGISTRATION AND RESIDENTIAL MORTGAGE LOAN ORIGINATOR ACT, CHAPTER 157, TEXAS FINANCE CODE, YOU ARE HEREBY NOTIFIED OF THE FOLLOWING: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE, SIGN 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 DOWNLOADED AND PRINTED 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 WEB SITE AT WWW.SML.TEXAS.GOV.
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2244 Trawood Suite 100
El Paso TX 79935
Payments are accepted at our Trawood branch only.
2244 Trawood Suite 100
El Paso TX 79935