GoodLife® Home Loans
Disclosures & Licensing

Traditional Mortgage Acceptance Corporation, doing business as GoodLife® Home Loans, is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, D.C., 20580.

State Licensing Disclosures

NMLS ID: #971307 | Branch NMLS ID #1805842

www.nmlsconsumeraccess.org

23032 Mill Creek Drive, Suite 62, Laguna Hills, CA 92653

  • Toll Free 1-866-840-0279
  • info@GoodLifeHomeLoans.com
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State

License

License Number

Alabama

Consumer Credit License

22282

Arkansas

Combination Mortgage Banker-Broker-Servicer

119210

Arizona

Mortgage Banker License

1001977

California

Residential Mortgage Lending Act License

4131246

Colorado

Mortgage Company Registration

D.C.

Mortgage Lender License

MLB971307

Florida

Mortgage Lender Servicer License

MLD1294

Georgia

Mortgage Lender License/Registration

50050

Hawaii

Mortgage Servicing License

MS254

Iowa

Mortgage Banker License

2020-0086

Illinois

Residential Mortgage License

MB.6761161

Kansas

Mortgage Company License

MC.0025641

Kentucky

Mortgage Company License

MC354645

Maine

Supervised Lender License

971307

Maryland

Mortgage Lender License

Michigan

1st Mortgage Broker/Lender/Servicer Registrant

FR0019843

Minnesota

Residential Mortgage Originator License

MN-MO-9717307

Missouri

Mortgage Company License *Servicer Designation

20-2501-S

Mississippi

 Mortgage Lender License

971307

Montana

Mortgage Servicing License

971307

North Carolina

North Carolina Mortgage Lender License

L-190545

North Carolina

North Carolina Reverse Mortgage Lender Approval

RM-230

Nevada

Nevada Mortgage Company License

5107

Nevada

Nevada Supplemental Servicer License

5109

Nebraska

Mortgage Banker License

971307

New Hampshire

Mortgage Banker License

18626-MB

New Jersey

RMLA-Licensed Mortgage Servicer Registration

New Jersery

Residential Mortgage License

Ohio

RMLA- Certificate of Registration 

RM.804603.000

Visit the NMLS access page for more information

Oregon Reverse Mortgage Disclosure

At the maturity of a reverse mortgage loan, the lender will have a claim against the equity in your property and you may need to sell the property to repay the loan, or repay the loan from other assets.

The lender will charge an origination fee, a mortgage insurance premium, closing costs and/or servicing fees, which fees will be added to the loan balance.

The balance of the mortgage loan grows and the interest is added to the loan balance.

You retain title to the property until you sell the property, and therefore you are responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts may cause the loan to become due and may subject the property to a tax lien or other encumbrance or to foreclosure.

Interest on a reverse mortgage is not deductible from your income tax until you repay all or part of the loan.

Before obtaining a reverse mortgage, you should consult a trusted financial adviser or planner. There are government agencies and nonprofit organizations that can give you information about reverse mortgages. You can locate these resources at:

Please note that before you can complete an application for a Federal Housing Administration – insured Home Equity Conversion Mortgage loan, you must undergo counseling with a counseling agency approved by the U.S. Department of Housing and Urban Development (“HUD”). Your loan originator will provide you with a disclosure of available HUD-approved counseling agencies. ORS 86A.196.

Oregon

Mortgage Lending License

ML-5839-1

Pennsylvania

Mortgage Lender License

71103

Pennsylvania

Mortgage Servicing License

71644

South Dakota

Mortgage Lender License

ML.05144

Tennessee

Mortgage Company

129605

Texas

Mortgage Banker

Texas State Licensing Information

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. 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 1-866-840-0279.

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 website at www.sml.texas.gov.

Utah

Residential First Mortgage Notification

Virginia

Mortgage Lender

Virginia

Mortgage Broker

Washington

Consumer Loan Company License

CL-971307

Wisconsin

Mortgage Banker License

971307BA

West Virginia

Mortgage Lender License

ML-32381

Visit the NMLS access page for more information