Affiliate Disclosure
We always aim to provide unbiased recommendations of products and services. Some products and services we are not compensated for but we recommend. We will disclose the services that we are compensated for recommending. We need to pay our teams and website costs so we make money in a number of ways. We sometimes use affiliate links to products and services on retailer sites for which we can receive compensation if you click on those links or make purchases through them. When this is the case the content is clearly marked as sponsored or promoted, so you’ll always know which content we are compensated for our recommendation and which is not. First Texas Funding LLC is our parent company and has an in-depth terms and conditions page with a lot more information that you can read right here.
Broker Disclosure
NO STATEMENT OR REPRESENTATION BY A MORTGAGE BROKER IS VALID OR ENFORCEABLE UNLESS THE STATEMENT OR REPRESENTATION IS IN WRITING.
You have engaged the above-named mortgage broker to advise and assist you in obtaining a residential mortgage loan to be secured by real property you own or are purchasing upon such terms and conditions as you may request in your loan application and/or a lender may require. This Broker Fee Agreement (“Agreement”) describes some of the services the mortgage broker will provide and the compensation for such services.
1. OUR SERVICES: We are acting as an independent contractor and not as your agent or fiduciary. By signing below, you request us to arrange a mortgage loan from a mortgage lender and you agree to the Broker Fees listed below for our services. Our services may include, but are not limited to:
• Arranging for a conditional mortgage loan commitment between you and a mortgage lender;
• Taking an application, assembling information and preparing all paperwork and documentation necessary for a conditional mortgage loan commitment; and
• Reviewing, analyzing and evaluating your financial statements, income and credit history.
We will continue to provide these services until your loan is closed or you terminate our services for any reason, whichever occurs earlier.
You understand that the mortgage broker works on a best effort basis and cannot make mortgage loans or issue loan commitments in the broker’s name. We cannot guarantee acceptance into any particular mortgage program or promise any specific mortgage loan conditions.
BROKER FEES: Our Broker Fees will either be paid by you directly, or by the mortgage lender, Federal law prohibits us from receiving Broker Fees from you and the mortgage lender on the same transaction. If our Broker Fees are paid by the mortgage lender, your interest rate will be higher than if you pay our Broker Fees directly. However, the amount of Broker Fees we receive from the mortgage lender will not vary based upon the interest rate you receive. In addition to our Broker Fees, estimates of other fees you will pay in connection with your loan are shown on your loan estimate.