Real Estate Broker

Welcome To North Carolina Real Estate Commission News Update Effective April 1, 2006 Gov. Easley Signs Historic Real Estate Licensing Bill On September 14, Governor Easley signed legislation making the most significant changes ever in the Real Estate License Law. Soon, salesperson licenses will be converted to (provisional) broker licenses, license applicants will be required to complete more real estate education, and persons wishing to become brokers-in-charge of real estate offices must have additional training and real estate experience. At its September meeting, the Real Estate Commission recognized the following persons and organizations who were instrumental in the passage of the legislation: • Representative Julia Howard who, with Representatives William Culpepper and Harold Brubaker, sponsored the legislation and who advocated for it on the House Floor and in committee; • Senate Majority Leader Tony Rand who sponsored a companion bill and spoke for the legislation on the Senate Floor; • North Carolina Association of REALTORS® which used its considerable resources to promote the legislation; and the Commission’s 2004 Broker-in-Charge Advisory Committee which conceived and recommended the legislation to the Commission. Commission Chairman Rick Watts concluded the proceedings by remarking that, as a result of this important legislation, “Real estate consumers will soon be served by more knowledgeable agents, and North Carolina’s real estate licensing program will be restructured to meet the needs and demands of the 21st century marketplace.” For more information about the changes in the North Carolina Real Estate License Law, please click on the following links: Summary of Changes to Real Estate License Law and Frequently Asked Questions Proposed Commission rules effective April 1, 2006 New Publications Two new publications from the Real Estate Commission are now available. Real estate licensees and interested persons may now purchase the Broker-in-Charge Guide a reference publication covering the administrative and supervisory responsibilities of brokers-in-charge of real estate offices. The 104-page volume, which serves as the text for the Broker-in-Charge course, is newly re-designed, will be updated as needed and may be purchased at a price of $10 either here on the Commission’s website or with publications order forms. Also now available is the latest addition to the Commission’s popular series of “questions and answers” brochures - Questions and Answers on: Real Estate Closings . Designed to answer many of the questions frequently asked by purchasers about residential real estate closings, the pocket-sized publication covers such topics as loan commitment letters, property inspections, title insurance, deeds, homeowner associations, and closing statements. Memo to Brokers-in-Charge The Commission has published a memorandum to all Brokers-in-Charge describing the advantages of an all broker office. To view the memo in its pdf form, click here . Trust Account Compliant Software Vendors List Now Available A list of vendors of software that the Commission has found to be "substantially" compliant with Commission rules and the Trust Account Guidelines can be found by clicking here .

home equity options line

Countrywide - Home Equity Loans home equity home owners guide home loan glossary equity credit line process home ownership tips your credit report home equity options line of credit options quick approval options rates & costs home equity calculator loan advisor apply now call us: 1-800-825-4549 1-800-825-4549 contact us | site map | log in CFC home | about us | investor relations | business partners -- Learn: How much you can borrow. The difference between a Home Equity Loan and a Home Equity Line of Credit. The benefits of applying for a Home Equity Loan. Shop: Our rates for a Countrywide Home Equity Loan. Apply: Online now Homeowner Guide Learn about the process for getting a home equity line of credit. Plus, pick up valuable home ownership tips you can use right now. Home Equity Options Get help selecting the right line of credit for you, and discover ways we can speed up the approval process. Rates & Costs Find Today's Rate for our home equity program and learn your options on closing costs. Home Equity Calculator See how large a line of credit you can afford and your home equity will support. Loan Advisor Use this simple tool to find the best home equity loan or credit line for you. See The Benefits of Applying Online See a preview of our online application process where qualified borrowers can get an UpFront approval in minutes. Apply Now Jump start the loan process by taking a few minutes to submit your application online. Easy, Really. Home Equity Line of Credit ("HELOC") or Home Equity Loan A home equity line of credit is a lot like a credit card. You can continuously use it up to your credit limit. One of the best parts of a home equity line of credit is that the interest rate is typically lower than a credit card and the interest paid can be tax deductible (consult your tax advisor about your personal situation). Most home equity loans are simply second mortgages. They have fixed rates with longer terms over a fixed period of time. These loans are amortized - your monthly payment is applied to principal and interest. You receive the amount of money you borrow in one lump sum. For this reason, home equity loans can be ideal for longer-term financial goals. back to top Benefits of Applying for a Home Equity Line of Credit or a Home Equity Loan Home equity lines of credit or home equity loans, you've probably heard about using these types of home equity financing products to meet your financial goals. You can tap into your home's equity and use the money to consolidate your debts*, finance your remodeling projects, pay your children's tuition, buy a new car or a boat, or even take your dream vacation. Tapping into the equity built in your home is a wise choice that allows you to take advantage of lower interest rates. Furthermore, some of Countrywide's line of credit options do not even require an appraisal of your house. Interest on both a home equity loan and line of credit may be deductible (consult your tax advisor about your personal situation). back to top service guarantees | why choose Countrywide? | loan status | find a branch | current customers | home loans | log in loans en espaol | Countrywide's Full Spectrum Lending Division | we house america | banking | insurance | investments your accounts | contact us | site map | careers | about us | investor relations | privacy & security | licenses & registrations Equal Housing Lender. © 2005 Countrywide Home Loans, Inc. Trade/service marks are the property of Countrywide Financial Corp., and/or its subsidiaries. *UpFront Approval is subject to satisfactory appraisal and title review and no change in financial condition. If the rate is not locked or rate protection expires, any rate increase may lower the loan amount for which the borrower has pre-qualified. Some products may not be available in all states. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation. State Licensing . Privacy & Security.

home mortgage programs since

AAMI.net offers Option Arm MTA Index and COFI and COSI and CODI and LIBOR real estate mortgages American Advantage Mortgage, Inc. (AAMI) is an on-line deep discount Mortgage Broker specializing in Option Arm mortgages including the MTA Index and Cost of Funds Index (COFI), Cost of Savings Index (COSI), the LIBOR Index and CODI Index real estate home mortgage programs since 1993. AAMI has a dedicated turn-key system which will Educate, Process, and Close your refinance mortgage or first mortgage in the shortest amount of time. AAMI is one of the original internet Mortgage finance companies going online in early 1995. By keeping our phone calls and overhead down, we can offer competitive rates and fees, but still offer personalized service via the Internet utilizing e-mails, Live-Chat, e-faxes, LTrack and our website. One of our main goals is to educate our potential Borrowers on their chosen mortgage program before, during, and after Settlement by continually updating our website with relevant information concerning each mortgage program. Last year AAMI closed over $16,000,000 in Option ARM mortgages without physically meeting a single client; communication was mainly via e-mails. We didnt start out as an internet company, though. Having worked in the mortgage industry for years, our people bring a level of expertise, professionalism and customer service that other internet companies simply cant match. As an internet company run by mortgage professionals, we can offer you the chance to refinance or purchase your home online at substantial savings over traditional mortgage or banking retailers. Obviously, you will save more money by gaining as much information as possible about your potential mortgage terms and Conditions and Closing Cost before your commit to a certain mortgage Broker or Banker. That is why we have placed the actual cost including the Margin, Life Cap, Points, etc. for all to see; there is no guessing and no sales calls. HOME ABOUT US INDEX MORTGAGES INSPIRED DESIGN WEB SITE DESIGN

Land Loan LoanUniverse Community

LoanUniverse Community > Commercial Land Loan Help - Search - Member List - Calendar Full Version: Commercial Land Loan LoanUniverse Community > Community Forums > Loanuniverse Forums Marnie1065 Dec 6 2005, 08:37 PM Hi everybody. I just found this website. I am looking for commercial loans. I have a client that owns 42 acres , it is zoned agriculture. It is a great location , next to a school and subdivision. He is looking to refi at the highest LTV possible. He does plan on building homes in the future or possible selling off individual lots. The land currently has a 2 million loan on it. The value is 6.5 million. He has owned it for 1 yr. It is actually a corporation of 4 and they all have great credit and tons of assets, their worth is in the millions They also want to purchase another piece of land for 12 million. Any ideas? Thanks loanuniverse Dec 7 2005, 09:27 AM Is the $152M per acre value an as is value as agricultural land? Or an speculative value assuming a rezoning? Is it supported by actual sales? If the value can be supported, I am sure someone can be found to lend at least 50%. Depending on the adjusted net worth of the individuals, maybe significantly more. Many lenders are avoiding land right now in my market unless there is an existing relationship with the developer. I know that I would feel uncomfortable recommending a land loan unless the investors are experienced. lelting Dec 14 2005, 10:48 PM I can help you with the 12 million dollar purchase>I have private investors that will fund at 100 LTV LenderBuddy Dec 15 2005, 10:55 AM If there are crops growing on the land or the land is zoned agricultural then we are talking agricultural land loan and that is a different beast. I haven't worked on one of them in a while but you need to speak with someone who specializes in ag loans. FarmerMac is involved in those transactions and I believe the LTV can go as high as 70%. Good credit and strong financial position are required. Drop me a personal message and I'll forward you the contact information of a guy who specializes in agricultural loans. He can give you all the information you need. This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here . Invision Power Board © 2001-2005 Invision Power Services, Inc.

Florida Real Estate

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