Real Estate Loan

REALTOR.com: Real estate listings & homes for sale Welcome, Visitor! Sign Up to: Save Searches Save Listings Sign Up Now! Already a member? Sign In Homebuying Tools Find a Lender Find a Mover Market Conditions Neighborhood Tour Real Estate 101 Buyers Sellers For REALTORS® Resource Center News REALTOR.org Search the Web Select a Top Search: Bad Credit Contractors Homeowner's Insurance Debt Consolidation Interior Design Mortgage Rates Loan Types Rates Points 30-yr fixed 5.74% 0.37 15-yr fixed 5.38% 0.28 ARM 3/1, 30Yrs 4.87% 0.26 Updated: 12/29/2005 11:45:32 AM Check Local Rates Search our national directory of mortgage brokers and lenders. Find a Home Over 2.5 million listings for sale! State/Province AB AK AL AR AZ BC CA CO CT DC DE FL GA GU HI IA ID IL IN KS KY LA MA MB MD ME MI MO MN MS MT NC ND NE NH NJ NM NV NY OH OK ON OR PA PR RI SC SD TN TX UT VI VT VA WA WI WV WY - OR - Minimum Price $0 $500 $1,000 $1,400 $2,000 $5,000 $10,000 $20,000 $30,000 $40,000 $45,000 $50,000 $55,000 $60,000 $70,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $6,000,000 $8,000,000 $10,000,000 to Maximum Price $1,000 $1,400 $2,000 $5,000 $10,000 $20,000 $30,000 $40,000 $45,000 $50,000 $55,000 $60,000 $70,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $6,000,000 $8,000,000 $10,000,000 no maximum Beds 1+ Beds 2+ Beds 3+ Beds 4+ Beds 5+ Beds Baths 1+ Baths 1.5+ Baths 2+ Baths 2.5+ Baths 3+ Baths 3.5+ Baths 4+ Baths More Search Options Map Search Hurricane Relief Find or offer immediately available temporary housing to assist Hurricane victims: HurricaneHousing.net Relief.WelcomeWagon.com -- Find a REALTOR State/Province Alabama Alaska Alberta Arizona Arkansas British Columbia California Colorado Connecticut Delaware District Of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Manitoba Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Ontario Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming From the National Association of REALTORS ® Join REALTORS® in supporting hurricane victims Why Use a REALTOR® With a GRI? Make the most of every moment with FamilyTime, an interactive DVD celebrating the family. Visit REALTOR® Magazine Online Read current NAR Press Releases For REALTORS ® REALTORS Relief Effort exceeds $5.2 million for Hurricane victims, donate now... Enter the Business Success Zone at REALTOR.org! Find out how REALTOR.com can help you secure more listings, sell homes for more and promote yourself and your brand NEW name for NAR member benefits offeringsthe REALTOR Benefits(sm) Program. Learn about the practical, everyday solutions for your professional and personal life! Reach new levels of success with NAR partner, The Pacific Institute! About the National Association of REALTORS ® Representing Home Owners State & Local Associations Real Estate Specialty Organizations Find an Appraiser Find a Commercial Property International Real Estate Search in popular metros: Atlanta | Austin | Boston | Chicago | Dallas | Denver | Houston | Las Vegas | Long Island | Los Angeles | Memphis | Miami | New York City | Orange County | Palm Beach | Phoenix | Sacramento | San Diego | Seattle Site Map | Corporate News & Info | Contact Us | Advertise With Us | Join our staff Terms of Use and PrivacyPolicy . 1995- NATIONAL ASSOCIATION OF REALTORS and Homestore, Inc. All rights reserved. Equal Housing Opportunity REALTOR.com is the official site of the National Association of REALTORS and is operated by Homestore, Inc. REALTOR -- A Registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS and subscribes to its strict Code of Ethics. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR holds membership.

Colorado real estate. If

Colorado Association of Real Estate Investors Home Page Membership Benefits Upcoming M eetings & Events Promote Your Business Hot R eal Estate Topics! Recommended Vendors Real Estate Classifieds Member Area & Discussion Group FREE NEWSLETTER Email: We value your privacy and do not give out your information Read About CAREI in Investors Business Daily! The Truth About Financial Freedom Financial Freedom . You see those words everywhere. They are used to promote every investment imaginable. But can you trust the source of the information? The reason the Colorado Association of Real Estate Investors has become so successful is because our members - people just like you - have become tremendously successful. That is why we are known as the trusted source for investment knowledge on Colorado real estate. If a close friend of yours or a wealthy person referred you to our site, you probably already know this fact: real estate has created more millionaires and multi-millionaires than all other investments combined. We are not here to sell you on real estate; there are many other sites which do that. We assume you already know that real estate is the ultimate investment . What we do on this site and when our Members meet is show you how to invest in real estate intelligently and show you how to outperform the vast majority of all other investors. Investors say that what makes the Colorado Association of Real Estate Investors so unique is that we show our Members how to make money in changing markets. Whether real estate goes up, goes down or even if it stays flat, our Members learn how to make massive profits. Save your time and energy--don’t reinvent the wheel. Many small real estate investors go through the school of hard knocks. Why bother? If you want to be successful at something, find out what other successful people do, emulate their strategies, and you will have similar results. I've made tens of thousands of dollars from the contacts I've made through the Colorado Association of Real Estate Investors. I can't think of any better resource for finding deals, partners, money or referrals." - Bruce Kapp, Investor, Denver, CO The Colorado Assocation of Real Estate Investors was formed in 1994 as a networking and educational group for people interested in using real estate as a vehicle for creating short or long-term wealth. We currently have more than 800 members from all over Colorado. We welcome people from all professions and occupations, full-time or part-time, beginner or experienced. Our focus is on how to acquire residential real estate at a substantial discount or using creative, "nothing-down" techniques. Meetings & Events We have two to three meetings each month to help support your investing success. We generally meet the fourth Wednesday of each month at the Radisson Hotel Denver Southeast near I-225/Parker Rd in South Aurora. Attendance at our generally meetings is about 300 to 400 people. For detailed information about our various monthly meetings, view our the "Meetings & Events" calendar above. "I just wanted to say how much excellent information I received at the last CAREI meeting" - Elizabeth Blackwood, Colorado Springs We feature both local and nationally recognized experts on a variety of topics, such as... Getting Started as an investor Foreclosures "Nothing Down" Purchases "Flipping" Properties Refurbishing & Rehabbing Lease/Options & Lease/Purchase Finding Bargain Properties Writing Contract Offers Creative Financing Techniques Marketing to Find Motivated Sellers Buying Discounted Notes & Mortgages Mobile Homes & Mobile Home Parks 1031 Exchanges & Other Tax Issues Landlording & Property Management Using Self-Directed IRAs to Buy Real Estate Lawsuit Protection & Other Legal Issues How to find money for deals Listen to sample audio from a recent meeting... Guests are welcome to attend our meeting at a charge of $20.00, which can be applied toward membership when you apply the evening of the meeting. No advance registration is required. Meetings start at 7:00 PM and usually last about 2 hours. We also feature members-only meetings on various Saturdays from 9:00 am to 12:00 PM. This meeting is generally held at the Radisson Hotel Denver Southeast (I-225 & Parker). We are also sponsoring a Tuesday evening meeting in Colorado Springs at the Academy Hotel off I-25 & Academy Blvd. Read our events calendar to find out more information on members' meetings. FREE AUDIO CD! Starting in Real Estate Seminar Upcoming Meetings Colorado Association of Real Estate Investors | 300 S. Jackson Street | Suite 100 | Denver, CO 80209 Tel (303) 398-7035 | Fax (303) 671-0516 | e-mail info@carei.com

Real Estate Listing

Champaign & Urbana Illinois real estate listings, home buying, seller financing and relocation information 217-355-1404 Sell a House Buy a Home Contact Us Resources Investors Home Sell Your House In 7 Days or Less! We buy houses in Champaign, Urbana, Savoy, Mahomet, St Joseph, and Tolono. Check our real estate inventory of homes for sale with owner financing! No realtors or agents needed. Do you have a house that you need or want to sell fast? Would it help if we could provide you immediate debt relief, by taking over your mortgage payments for you? Good News! We have several innovative programs that will allow you quick solutions to sell your house in 7 days or less, and move forward with your life. You may need to sell your home for many different reasons * Job Transfer * Divorce * Behind on Payments * Lose Your Job * Buying Another House * Need Repairs * In Foreclosure * Tired of Being a Landlord * Inheritance * Making 2 House Payments * Health Problems * Bad Tenants Learn how to sell your house in 7 days or less. Get your FREE Special Report by clicking here Creative Real Estate Solutions for Champaign Urbana Illinois If you own real estate in the Champaign Urbana area, we can help. Palm Harbor Services, Inc is a real estate investment group. We are not a real estate agency or brokerage firm. We specialize in creative real estate solutions in Champaign County . We are not Realtors, we are investors. We don't want to list your house, we want to buy it! There is no doubt that Champaign Urbana Illinois is a great place to live. Owning real estate has many advantages, however if you need to sell fast, there are many disadvantages too! If you have ever tried to sell a house before, whether you used a Realtor, tried for sale by owner, or any other method, you'll agree that there is a lot of grief and stress involved. When will I find a buyer? Should I have another open house? Is my buyer financially qualified to buy my real estate? How much will I have to pay in real estate commissions?, etc. Will my house ever sell? SELL YOUR HOUSE FAST! We have years of specialized knowledge in both creative and conventional real estate. We've worked on both sides of the fence before and have been involved in Millions of dollars of real estate transactions in the Champaign Urbana area. If you want to eliminate the nightmare of selling your house on your own, or the hassles of listing with a realtor, here are just a few of the benefits of how we can help. We can offer you a variety of options to get your home sold quickly, without hiring an expensive Realtor Company! We can close Fast! You can sell your house in as-is' condition! You can move when you want to! You never pay a real estate commission! You get Fast Debt Relief from your mortgage payments! We have solutions for many situations, including if your house needs repairs, your relocating, behind on payments, in foreclosure, etc. What our clients are saying . . . . I received a post card in the mail. I read the card and gave them a call. We talked about how they could buy my house and take a BIG load off of my shoulders. They did just that, and did all of the work. It helped out a lot! There name is in my cell phone, and if anybody I know needs help, they will be the first people called! Joe Henderson We Have Solutions That Allow You To Move On With Your Life There are many Realtors in the area who could list your house for sale. However, after signing a listing agreement with a Realtor, you will have to sit on the sidelines and wait to see what the market does for you. Sometimes you will have to wait, and wait and wait! Due to circumstances out of your control, there are many houses that will not sell fast in the conventional market. For a lot of people, this may cause a financial strain on you. If your house is vacant, how long can you afford to make payments on a vacant house? Ask us about our Lease-Purchase Program . . . We Can Help! There is no guarantee that a Realtor can sell your house. And if they can, you may have to wait up to 6 months or more to get to the closing table. You will then have to pay your realtor thousands of dollars in commissions. Do you want to go through the realty circus, or do you want to sell your house now? If the circumstances are right, we can pay cash and close when you are ready. If your house doesn't qualify for our Cash-Purchase Program, there is a great chance that it will qualify for our Lease-Purchase Program. Since we are not Realtors, we don't charge you any commissions or fees. We also won't tie up your property for 6 months or more trying to sell it. We can buy your house quickly and relieve you from the financial burdens of mortgage payments right away! If you have a house that you want to sell right now, please complete the Fast Offer Form , and we can provide you with a fair firm offer in 48 hours! Special FREE Champaign Urbana Report We have prepared a special report that we can provide you absolutely free of charge. If you own real estate in the Champaign Urbana area, or any of the following cities; Mahomet, (Saint) St Joseph, Tolono, Thomasboro, or Rantoul, you can get your copy of this Free Report now! In the Free Report you will learn the details on How To Sell Your House in 7 Days or Less . You will discover your options and alternatives, and how to move forward with the next step. To Order Your Free Special Report On How To Sell Your House in 7 Days or Less Complete the form below and your report will be immediately sent to your inbox. Name: Address: City: State: Zip Code: Email: How did you find our company? select one The Homefinder A For Sale sign Postcard Thrifty Nickel Internet Search News-Gazette Business Card Referral Other Palm Harbor Services, Inc. | P.O. Box 7167 | Champaign, IL 61826 Search for Lenders serving Champaign and Urbana Illinois | Online Real Estate Schools

Denver Real Estate Leads

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Home Equity Conversion (HEC).

Home Equity Conversions: Reverse Mortgages Home Equity Conversions: Reverse Mortgages Authors: Celia Ray Hayhoe, Ph.D, CFP®, Family Resource Management Cooperative Extension Specialist and Stacey Williamson, Graduate Assistant; Virginia Tech Publication Number 354-025, Posted April 2004 Many senior adults are finding it hard to live on their fixed retirement incomes and are looking for ways to supplement those incomes. For some, the largest asset they own is their home, but they do not want to sell their home and move. For these individuals, there is an option called Home Equity Conversion (HEC). One type of home equity conversion is a reverse mortgage. The equity or cash value of the house is used to provide income to repay the loan. All reverse mortgage options are not the same. They have different eligibility requirements, income amounts, timing of payments, interest rates, and/or initial costs. Homeowners should compare the different options, keeping in mind their goals and needs. Advantages The value of your house, not your income, is used to determine eligibility. You can receive a lump sum, a line of credit, or a monthly amount, without having to make a monthly repayment. You do not have to sell your home and move, and can continue to live in the same familiar surroundings. You do not have to worry about losing your home to foreclosure since the payments are made out of your equity in the home, not from your income. The loan must be repaid when the house is no longer used as your personal residence. However, the lender can only look to the proceeds from the sale of the house for repayment. They cannot go to your heirs if the house sells for less than what was borrowed. Money can be used for any purpose. You must attend a free HECM/HUD approved counseling session to see if this type of mortgage is right for you. Disadvantages Interest for a reverse mortgage is compounded, and cannot be deducted on income taxes until you repay it. The income you receive decreases the equity in your home, and the equity may not be adequate for your future needs or for your estate. Interest rates and initial costs (application fees, points and closing costs) are usually higher for a reverse mortgage than for other equity loans. Income ends when you sell your home or no longer use it as a principal residence. Payments may affect Supplemental Security Income and Medicaid payments. You must attend a free HECM/HUD approved counseling session. This may add time to the process of obtaining a loan. You may need to pay off your existing mortgage out of the proceeds of your reverse mortgage. You will be required to maintain the house, pay the taxes, and carry property insurance. Eligibility You could be eligible if you own your own home, use the home as your principal residence, and are at least 62 years of age. You must also have adequate equity in the home. A lender looks at the equity in the home plus any expected appreciation or depreciation in the value of the home to calculate a base amount. The costs associated with any reverse mortgage loan (application fees, interest rates, closing costs, initial charges, sales commissions, and homeowner's insurance) also must be considered. All reverse mortgages currently available in Virginia require homeowner's insurance. The lender and the homeowner must work together to determine the type of payment, the payment amount, and the time period. This is determined not only by the calculations of the base amount by the lender, but also by keeping your goals and financial needs in mind. Income Income from a reverse mortgage is not taxable, and will not affect Medicare eligibility or benefits. But the added income can affect both Supplemental Security Income and Medicaid eligibility and benefits for Virginia residents. Confused? A home equity conversion is not a home equity loan! Home-equity loans require that a homeowner has enough income to pay back the loan, and the payments are made in monthly amounts. A home-equity loan would not work for the majority of senior adults who are living on limited fixed incomes and who could not afford a loan payment. Example A wide variety of loan options are available depending upon your age, the amount of equity available, the time period of the loan, and the way payments are disbursed. For example, Mary Jones, a 75-year-old widow whose home is her principal residence, is looking at a ten-year reverse mortgage that will provide her with additional monthly income of approximately $450. At the end of the ten years the monthly income payment will stop. But because her loan is through an insured lender (loans offered by HUD approved lenders have government guarantees), the loan will not have to be repaid until she sells the home, moves, or dies. Home Equity Conversion Checklist These questions can to help you determine if you are eligible for a home equity conversion (HEC). YES NO 1. Are you 62 years of age or older? _____ _____ 2. Is your mortgage paid off in full or nearly so? _____ _____ 3. Do you use your home as your primary residence? _____ _____ If you have answered yes to questions 1 through 3, you might want to consult with an HEC lender for specific information. The following questions will help to determine if you are eligible for a Housing and Urban Development (HUD) home equity conversion. A HUD-HEC is similar to other HECs but with additional requirements for the property and residents. 4. Is your home a single-family dwelling? _____ _____ 5. Will your home probably meet HUD minimum property standards? _____ _____ 6. Is your family income less than 80% of area median? _____ _____ If you have answered yes to questions 1 through 6; you might want to consult with a HUD-HEC lender for specific information. The following is a list of HEC/Reverse mortgage programs. FHA - HECM (Home Equity Conversion Mortgage) Guaranteed by FHA/HUD Flexible Income Payment Option Growing Line of Credit Maximum Lending Limit - $ 280,749 Cash Account Flexible Income Payment Options Growing Line of Credit Higher Equity Release Options No Maximum Lending Limit HomeKeeper by Fannie Mae Guaranteed by Fannie Mae Line of Credit Options Maximum Lending Limit - $ 322,700 Zero Point Cash Account Closing Costs Limited Minimum Draw at Closing Required Interest Rate Cap No Maximum Lending Limit The following lenders offered HEC/Reverse mortgages as of March 2004: Mortgage Capital Investors Equity Division 6571 Edsall Road Springfield, VA 22151 (703) 941-0711 East West Mortgage - HECM, HK, CA 4321 Northview Drive Bowie, MD 20716 (866) 9REVERSE [(866) 973-8377] (301) 809-1568, ext. 225 Financial Freedom Senior Funding Corp. (Subsidiary of Lehman Brothers, FSB) - HECM, HK, CA (800) 368-3254 Reverse Mortgages of the Mid-Atlantic - HECM, HK, CA (800) 745-0102 Suntrust 564 Lynnhaven Parkway Virginia Beach, VA 23452 (757) 431-4876 Fidelity & Trust Mortgage, Inc. - HECM, HK, CA 7229 Hanover Parkway Suite C Greenbelt MD 20770 (703) 273-3797 (800) 458-4624 People's Choice Mortgage - HECM, HK, CA (757) 564-8596 Wells Fargo Home Mortgage - HECM, HK (888) 292-1180 Inclusion on this list of lenders does not imply endorsement by Virginia Cooperative Extension, nor does omission from this list imply a lack of endorsement. Home Equity Conversion Comparison Worksheet Name of Lender Features Payment Option: ----------------------- ----------------------- ----------------------- Lump Sum Option Line of Credit Option Monthly Benefit Option APR (Annual Percentage Rate) Time Period Application Costs Closing Costs Sales Commissions Insurance Costs Other Initial Charges For More Information AARP Home Equity Information Center 601 E. Street NW Washington D.C. 20004 (202) 638-2863 http://www.aarp.org/revmort/ Reverse Mortgage Money (866) 363-1914 requestinfo@reversemortgagemoney.com American Credit Counselors Tudor Square, Ste. 10 211 Roanoke St. Christiansburg, VA 24073 (800) 926-0042 virginia@cccsswva.org http://www.americancredit.org HECM Counseling National Center for Home Equity Conversion 360 Robert Street North Suite 403 St. Paul, MN 55101 (651) 222-6775 People Incorporated 1173 W Main St Abingdon, VA 24210-2428 (540) 623-9000 HECM Counseling Original authors: Patricia Gorman, graduate assistant, and Kathleen Parrott, former Extension housing specialist, Virginia View this document in PDF format Visit Virginia Cooperative Extension