Disclosures
LEGAL
REVERSE MORTGAGES
Point Mortgage Corporation is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency. Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. Youngest borrower must be at least 62 years old. Your monthly reverse mortgage advances may affect your eligibility for some other programs. At the conclusion of the term of the reverse mortgage loan contract, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to you and you may need to sell or transfer the property to repay the proceeds of the reverse mortgage with interest from your assets. We will charge an origination fee, a mortgage insurance premium, closing costs or servicing fees for the reverse mortgage, all or any of which we will add to the balance of the reverse mortgage loan. The balance of the reverse mortgage loan grows over time and interest will be charged on the outstanding loan balance. You retain title to the property that is the subject of the reverse mortgage until you sell or transfer the property and you are therefore responsible for paying property taxes, insurance, and maintenance and related taxes. Failing to pay these amounts may cause the reverse mortgage loan to become due immediately and may subject the property to a tax lien or other encumbrance or to possible foreclosure. Interest on reverse mortgage is not deductible to your income tax return until you repay all or part of the reverse mortgage loan. This is not an offer to enter into an agreement. Not all customers will qualify.
Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Opportunity.
LICENSE
Point is required to disclose the following license information.
(http://nmlsconsumeraccess.org/EntityDetails.aspx/company/231073);
| STATE | LICENSE AGENCY | LICENSE TYPE | LICENSE NUMBER | EXPIRATION | DISCLAIMER | REGULATOR |
|---|---|---|---|---|---|---|
| Alabama | Licensed by the Alabama State Banking Department | under the Alabama Consumer Credit Act. | License #22587 | 12/31/2024 | State Banking Department of Alabama Bureau of Loans 401 Adams Avenue, Suite 680 Montgomery, AL 36104 Phone: (334) 242-3452 | |
| Arizona | Licensed by the Arizona Department of Financial Institutions | Arizona Mortgage Banker License | # 0947102 | 12/31/2024 | Department of Financial Institutions 100 N. 15th Avenue, Suite 261 Phoenix, AZ 85007 Phone: (602) 771-2800 Fax: (602) 381-1225 | |
| Arkansas | Licensed by the Arkansas Securities Department | Mortgage Banker-Servicer License | #11111 | 12/31/2024 | Arkansas Securities Department Heritage West Building 1 Commerce Way, Suite 402 Little Rock, Arkansas 72202 Phone: (501) 324-8688 Fax: (501) 324-9268 | |
| California | Licensed by the California Department of Financial Protection and Innovation | under the California Residential Mortgage Lending Act, | License #4130876 | 12/31/2024 | Department of Financial Protection and Innovation Residential Mortgage Lending Act 320 West 4th Street, Suite 750 Los Angeles, CA 90013-2344 Phone: (866) 275-2677 | |
| Colorado | Colorado Mortgage Company Registration | Regulated by the Division of Real Estate. | 12/31/2024 | Colorado Division of Real Estate 1560 Broadway, Suite 925 Denver, CO 80202 Phone: (303) 894-2166 Fax: (303) 894-2683 | ||
| Connecticut | Licensed by the Connecticut Department of Banking | as a Mortgage Lender, | License #ML-231073 | 12/31/2024 | Department of Banking Consumer Credit Division 260 Constitution Plaza Hartford, CT 06103-1800 Phone: (860) 240-8225 | |
| Florida | Licensed by the Florida Office of Financial Regulation | Mortgage Lender Servicer License | #MLD1621 | 12/31/2024 | Office of Financial Regulation Division of Finance Bureau of Regulatory Review 200 East Gaines Street Tallahassee, FL 32399 Phone: (850) 410-9895 Fax: (850) 410-9882 | |
| Georgia | Licensed by the Georgia Department of Banking and Finance | Georgia Residential Mortgage Licensee, | Lender License #70373 | 12/31/2024 | Department of Banking and Finance NDFI Division 2990 Brandywine Road, Suite 200 Atlanta, GA 30341-5565 Phone: (770) 986-1136 Fax: (770) 986-1029 | |
| Idaho | Licensed by the Idaho Department of Finance | Mortgage Broker/Lender License | #MBL-2080231073 | 12/31/2024 | Department of Finance 800 Park Boulevard, Suite 200 Boise, ID 83712 Phone: (208) 332-8000 | |
| Illinois | Licensed by the Illinois Department of Financial and Professional Regulation Division of Banking | Illinois Residential Mortgage Licensee | #MB6761545 | 12/31/2024 | State Of Illinois 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. | Department of Financial and Professional Regulation, Division of Banking 100 W. Randolph, 9th Floor Chicago IL 60601 Phone: (800) 532-8785 |
| Indiana | Licensed by the Indiana Department of Financial Institutions | under the First Lien Mortgage Lending Act, | License #61235 | 12/31/2024 | Department of Financial Institutions Consumer Credit Division 30 South Meridian Street, Suite 300 Indianapolis, IN 46204 Phone: (317) 453-2539 | |
| Iowa | Licensed by the Iowa Division of Banking | Mortgage Banker License | #2015-0002 | 12/31/2024 | Division of Banking 200 East Grand Avenue, Suite 300 Des Moines, IA 50309-1827 Phone: (515) 281-4014 Fax: (515) 281-4862 | |
| Kansas | Licensed by the Kansas Office of the State Bank Commissioner | Supervised Loan License | #MC0025767 | 12/31/2024 | Office of the State Bank Commissioner Division of Consumer & Mortgage Lending 700 SW Jackson Street, Suite 300 Topeka, KS 66603 Phone: (785) 296-2266 | |
| Kentucky | Licensed by the Kentucky Department of Financial Institutions | Mortgage Company License | #MC823009 | 12/31/2024 | Department of Financial Institutions Mail Stop 2 SW 19, 500 Mero St. Frankfort, KY 40601 Phone: (502) 782-9020 Fax: (502) 573-8787 | |
| Maryland | Licensed by the Maryland Department of Labor Licensing and Regulation | Mortgage Lender License | #231073 | 12/31/2024 | Department of Labor, Licensing & Regulation 500 N. Calvert Street, Suite 402 Baltimore, MD 21202 Phone: (410) 230-6155 Fax: (410) 333-0475 | |
| Michigan | Licensed by the Michigan Office of Financial and Insurance Regulation | First Mortgage Broker/Lender License | #FR00238510 | 12/31/2024 | Department of Insurance & Financial Services 530 W. Allegan St, 7th Floor Lansing, MI 48933 Phone: (517) 284-8800 Fax: (517) 284-8837 | |
| Minnesota | Licensed by the Minnesota Department of Commerce | Residential Mortgage Originator License #MN-MO-231073. | 12/31/2024 | This is not an offer to enter into an agreement Any such offer may only be made pursuant to Minn Stat 47206 (3) & (4) | Department of Commerce 85 7th Place East, Suite # 280 Saint Paul, MN 55101 Phone: (651) 539-1600 | |
| Montana | Licensed by the Montana Division of Banking and Financial Institutions | Montana Mortgage Lender License | #231073 | 12/31/2024 | Division of Banking & Financial Institutions Mortgage Licensing 301 S. Park Ave., Suite 316 Helena, MT 59601 Phone: (406) 841-2920 Fax: (406) 841-2930 | |
| New Jersey | Licensed by the New Jersey Department of Banking and Insurance | Residential Mortgage Lender License | 12/31/2024 | New Jersey law prohibits discrimination in housing. For additional information: https://www.njoag.gov/wp-content/uploads/2022/07/Sale-and-Rentals-Housing.pdf | Licensed by the New Jersey Department of Banking and Insurance Licensing Services Bureau, Banking 20 West State Street, 8th Floor Trenton, NJ 08608 Phone: (609) 292-7272 Fax: (609) 633-0822 | |
| New Mexico | Licensed by the New Mexico Financial Institutions Division | Mortgage Loan Company License | 12/31/2024 | Financial Institutions Division, Mortgage Unit 2550 Cerrillos Road, 3rd Floor Santa Fe, NM 87505 Phone: (505) 476-4819 Fax: (505) 476-4670 | ||
| North Carolina | Licensed by the North Carolina Commissioner of Banks Office | # L-195041 | 12/31/2024 | Commissioner of Banks Mortgage Division 316 W. Edenton Street Raleigh, NC 27603 Phone: (919) 733-3016 Fax: (919) 733-6918 | ||
| Ohio | Licensed by the Ohio Department of Commerce Division of Financial Institutions | Residential Mortgage Lending Act Certificate of Registration | #RM804899000 | 12/31/2024 | The Ohio Department of Commerce Division of Financial Institutions 77 South High Street 21st Floor Columbus, OH 43215-6120 Phone: (614) 728-8400 Fax: (614) 728-0380 | |
| Oklahoma | Licensed by the Oklahoma Department of Consumer Credit | Mortgage Lender License | #ML014423 | 12/31/2024 | Department of Consumer Credit 629 N.E. 28th Street Oklahoma City, OK 73105 Phone: (405) 521-3653 | |
| Oregon | Licensed by the Oregon Division of Finance & Corporate Securities | Mortgage Lender License | #231073 | 12/31/2024 | 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. | Department of Consumer and Business Services 350 Winter Street, Fourth Floor Salem, OR 97301 Phone: (503) 378-4100 Fax: (503) 378-6444 |
| Pennsylvania | Licensed by the Pennsylvania Department of Banking | Lender License | #98497 | 12/31/2024 | Pennsylvania’s Loan Interest and Protection Law applies to loans of $50,000 or less. This law requires a Lender offering a mortgage with a variable interest rate to also offer a mortgage with an interest rate that will not change. This fixed interest rate mortgage must be offered to you at reasonably competitive terms and rate. On variable interest loans, the Lender will explain to you how the interest rate can change in the future, the effect of changes in the index on the rate and term, and an explanation of the index. | Department of Banking and Securities Market Square Plaza 17 N. Second Street, Suite 1300 Harrisburg, PA 17101-2290 Phone: (717) 787-3717 |
| South Carolina | South Carolina Board of Financial Institutions | Mortgage Lendere / Servicer License | MLS-231073 | 12/31/2024 | Know Your Rights https://storage.googleapis.com/apolloimage/images/SC_Lenders_Rights_Responsibilities.pdf | State Board of Financial Institutions Consumer Finance Division 1205 Pendleton St., Suite 306 Columbia, SC 29201 Phone: (803) 734-2020 |
| Tennessee | Licensed by the Tennessee Department of Financial Institutions | Mortgage License | #196731 | 12/31/2024 | Department of Financial Institutions Compliance Division Tennessee Tower, 26th Floor 312 Rosa L. Parks Avenue Nashville, TN 37243 Phone: (615) 253-6714 | |
| Texas | Licensed by the Texas Department of Savings and Mortgage Lending | SML Mortgage Banker Registration | 12/31/2024 | Attn: Texas Applicants Consumer Compliant & Recovery Fund Notice Complaints regarding a licensed residential mortgage banker or loan originator should be sent 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 a certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originator. 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. | TX Department of Savings and Mortgage Lending 2601 North Lamar, Suite 201 Austin, TX 78705 Phone: (512) 475-1350 Fax: (512) 475-1360 | |
| Utah | Licensed by the Utah Division of Real Estate | Mortgage Entity License | #12038159 | 12/31/2024 | Department of Commerce Division of Real Estate Heber M. Wells Building, 2nd Floor 160 East 300 South Salt Lake City, UT 84111 Phone: (801) 530-6747 Department of Financial Institutions 324 S State Street, Suite 201 Salt Lake City, UT 84111 Phone: (801) 538-8834 | |
| Virginia | Licensed by the Virginia State Corporation Commission | Mortgage Lender License | #MC-5950 | 12/31/2024 | State Corporation Commission Bureau of Financial Institutions 1300 E. Main Street, Suite 800 Richmond, VA 23219 Phone: (804) 371-9690 | |
| Washington | Licensed by the Washington Department of Financial Institutions | Consumer Loan Company License | #CL-231073 | 12/31/2024 | Department of Financial Institutions 150 Israel Road SW Turnwater, WA 98501 Phone: (360) 902-8703 Fax: (360) 586-5068 | |
| Wisconsin | Licensed by the Wisconsin Department of Financial Institutions | Mortgage Banker License | #231073BA | 12/31/2024 | Department of Financial Institutions Division of Banking 4822 Madison Yards Way, North Tower Madison, WI 53705 Phone: (608) 261-7578 Fax: (608) 267-6889 |