Traditional Mortgage Acceptance Corporation 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

27201 Puerta Real, Suite 300, Ofc. 63, Mission Viejo, CA 92691
• Toll Free 1-833-250-6142
• info@GoodLifeHomeLoans.com

CALIFORNIA STATE LICENSING INFORMATION
Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act.

STATE OF ILLINOIS COMMUNITY REINVESTMENT NOTICE

The Illinois Department of Financial and Professional Regulation (”Department“) evaluates our performance in meeting the financial services needs of the state of Illinois (the ”community“), including the needs of low-income to moderate-income households in Illinois. 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 once the Department completes our first evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department. We will update this notice when our first evaluation has been issued.

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:

• Reverse Mortgages
• Senior Tax Payers
• Consumer Advisory

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.

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 1-844-960-2794.

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.

Visit the NMLS access page for more information.