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A small, rural fire department in Texas County has a big problem on its hands. "And of course without a fire truck in our community, the community members are at risk if their home catches on fire..
Ameriquest Mortgage Company, a residential mortgage lender, made a home equity loan for $45,500 to homeowners James S. Doody and Paul V. Carrington (Doody). The parties closed the loan in January 1998. As part of the loan transaction, Ameriquest required Doody to secure hazard insurance on the homestead during the loan’s term.
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John Schutze of Guaranteed Rate, one of the country’s leading mortgage lenders, manages the Austin, TX branch where the loan limit is $453,100 sees this helping buyers in cities like Austin which has.
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