HOUZ MORTGAGE LOANS
DISCLOSURES AND LICENSE
Houz Mortgage 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, martial 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, DC, 20580.
HOUZ MORTGAGE LOANS
STATE DISCLOSURE REQUIREMENTS
Colorado – Houz Mortgage Loans, NMLS #386681, (303) 649-1245,
Regulated by the Division of Real State;
I am Jewish and wish to obtain a mortgage with Houz Mortgage. Does Houz
Mortgage Loans have a Heter Iska that complies with the laws of Ribbis?
Yes, Houz Mortgage Loans has a Heter Iska that is approved by prominent
leading Halachic authorities.
HOW DOES IT WORK?
For any mortgage loan made to you by Houz Mortgage Loans as detailed on
the note and all other mortgage loan documents that may violate the Laws
of Ribbis, the mortgage loan will instead be structured as an investment.
In exchange for the mortgage funds, you will manage your real state and other
Halachically permissible investments in the way most advantageous to Houz
Mortgage Loans, and Houz Mortgage Loans will share any profit and losses from
the investment. Under no circumstances will Houz Mortgage Loan have any liability
above the actual funds advance. If you make all your payments as provided in the
Note, then the Iska terminates and all profits and losses may be retained by you. The
Iska will also terminate when Houz Mortgage Loans sells the mortgage loan to a party
not subject to the Laws of Ribbis.
If you have any further questions you may reach us at [email protected]