Real Estate MIT established
MIT Center for Real Estate - Home Skip to content. home contact sitemap search: Prospective Students Prospective Students Overview Curriculum Faculty Admissions Prospective Students Overview Curriculum Faculty Admissions Prospective Students Overview FAQ MBA or MSRED? Student Life Meet our Students Request Info Curriculum Faculty Admissions Prospective Students Overview Curriculum MSRED Courses Electives Industry Participants Faculty Admissions Prospective Students Overview Curriculum Faculty Admissions Application Procedure Cost & Aid Visit MIT/CRE Careers Careers Career Services Recent Employers Alumni Career Profiles Research Research Research Initiatives Working Papers Thesis Research Faculty Research Projects Research Research Initiatives NCC HAI CREDL Working Papers Thesis Research Faculty Research Projects Industry Partners Industry Partners Becoming a Partner Partner List Alumni Alumni News & Projects Update Spaulding Award Continuing Education Continuing Education Course List Registration & Fees Events Events News News About Us About Us Staff Giving Giving MIT Center for Real Estate MIT established the Centerfor Real Estate in 1983 to improve thequality of the built environmentand to promote more informed professionalpractice in the real estate industry. It is thehome of the first one-year Master's degree programin real estate development and a respected summerinstitute of professional developmentcourses. Its partnership program provides opportunitiesfor students, practitioners andacademics to get together on both a formal andan informal basis. Learn more about our MSRED Program See which Industry Leaders are partners of MIT/CRE Introducing MIT/CRE’s Featured Partner This Fall we recognize Caisse de dépôt et placement du Québec, one of the Center’s newest partners. Caisse de dépôt was instrumental in making this year's Student Class Trip to Europe a reality, and will also be featured as Leaders in Real Estate on December 2, 2005. Learn more about Caisse de dépôt and CRE. MITCenterforReal Estate Phone: 617-253-4373 Fax: 617-258-6991 Email: mit-cre@mit.edu Mail: 77 Massachusetts Avenue, w31-310, Cambridge, MA 02139-4307 Breaking News Forum in Issues in Real Estate - San Francisco, CA Highlights Alumni/ae Reunion Weekend 2005 , 9/29 - 10/1 Tune in to the ARW 2005 Webcast on 9/30 at 3:30pm EST -- 2005 MIT/CRE Fall Open House Videos of 2004 Open House available Real Estate Opportunity Fund Investment Performance Persistence (pdf 274k) - by David Geltner, Thea C. Hahn, and Nori Gerardo-Lietz
foreclosure property There are
Is Foreclosure Investing for You? Online Catalog | Shopping Cart HOME | Foreclosure Investing | Short Sales | Articles | Financing | Commercial | Mobile Homes | Cash Flow | Legal | News Group CRE Online > Money-Making Ideas > Is Foreclosure Investing for You? Is Foreclosure Investing for You? by Ronald Starr If you are new to real estate investing and considering buying foreclosure properties, you need to be realistic about what you are facing. If you feel more sober about foreclosure investing after reading what I have written below, I will have accomplished my goal. Foreclosure investing is not a good investment approach for beginners. I recommend that you have at least a couple of years' experience with more traditional real estate investing first. The profits from foreclosure investing can be huge. That makes foreclosures attractive. There is an awful lot to know in order to avoid the problems that can occur. If you don't know what you are doing, one disastrous foreclosure investment can wipe out your capital and your enthusiasm for all real estate investing. Three ways to buy a foreclosure property There are three basic approaches to buying properties in foreclosure depending on the stage of the foreclosure process: buying pre-foreclosures, buying at the foreclosure auction, and buying from lender after the foreclosure sale. If you buy from the delinquent property owner before it goes to auction, you have bought a pre-foreclosure deal. Buying at the auction is self-explanatory. If nobody bids, the lender ends up with the property. Buying from the lender after the auction is called buying REOs (real estate owned) or Repos, (repossessions). Sometimes you will see them referred to as "corporation owned" or, my favored term, "lender owned." REOs are the least risky way to buy foreclosures You may have more risk than you would in a regular real estate transaction, but REOs are less risky than in buying at the auction. Since REOs are somewhat similar to a regular sale, they can be pretty safe. You might not get a seller's disclosure. In California, a lender who acquires a property through foreclosure does not have to offer a disclosure to you as a buyer. But, if there are problems after you buy the property, you might be able to sue the lender who sold you the property, or at least threaten to sue them, and they might make things right or pay part of the cost. There's a good chance they will still be around after the sale. The risks of buying pre-foreclosure real estate The next riskiest foreclosure purchase is the pre-foreclosure. If an owner of a pre-foreclosure disappears, you risk not getting anything from him after the sale. A pre-foreclosure seller might be desperate and lie to you about the condition of the property and the neighborhood. There might be liens on the property that the seller "forgot" to mention. The big utility bills become the buyer's responsibility if the pre-foreclosure investor failed to check them out. Ditto for unpaid property taxes. There may be another person on title who did not sign the deed, and so on. In California and, I believe, some other states, there are special laws related to dealing with and buying a property from a homeowner occupant who is in default on a loan. If the contracts and the sale are not done according to the law, the seller has the right to rescind the sale and could, long after the sale, sue to have the sale reversed. There are extreme penalties for violating the law. Remember, "Ignorance of the law is no excuse." You need to know the state law when you do pre-foreclosure investing. Can the seller can legally deed the property to you? What if the seller is already in bankruptcy? The deed is likely not valid unless it has gone through the bankruptcy court. You have to call the local bankruptcy court to check for a possible filing. And, of course, the seller could have filed bankruptcy in another bankruptcy court that you did not call. And, even if the seller does not file bankruptcy until after your purchase, you may have to deed the property back to the seller up to three years after you bought it. If selling the property made the seller destitute, and the seller sold for much below market value--which you hope he did so you could make a good profit--the bankruptcy trustee can require you to deed the property into the bankruptcy estate on the grounds that the sale was a "fraudulent transfer," wherein the seller deprived his creditors of an asset which could help pay the debts. At that point, you become a creditor of the bankruptcy estate. Is this really what you planned when you bought the "great pre-foreclosure deal"? A lot of pre-foreclosure buyers may forego some of the inspections because they are hurrying to buy before the foreclosure auction. Sometimes the buyers will give money to the owner, get a deed, and record the deed themselves in the land records office of the county. The pre-foreclosure buyer has to be very alert to a lot of possibilities and check them out. You must have superior knowledge of real estate investing before you start doing pre-foreclosure investing. But, if you sign a proper sales contract with the owner, get appropriate inspections, go through an escrow with a knowledgeable escrow agent, and look at the property yourself, you probably will not be at great risk. If you use the safeguards above, you are going to have less risk than in most foreclosure auction buys. The risk of buying at the foreclosure auction Buying at the auction is the riskiest foreclosure purchase. At the auction you have no real estate agent to lead you through the process. You have no escrow and no title report let alone title insurance. In most jurisdictions it is an all cash sale. In some states you may have a week to a month to come up with the full purchase price. If you do not raise the money, you lose your deposit. At the auction the people conducting the sale will announce that the successful bidder will receive NO WARRANTY OF ANY KIND. You have no assurance that there are not other liens or loans on the property. You do not have any inspections by contractors, roofers, pest inspectors, building inspections, water well, or septic system experts. You get no disclosure from the seller as to the condition of the building or what is happening in the neighborhood. Usually you cannot see the inside of the building; perhaps not even the back of the outside. You know nothing about the electrical system, the plumbing, the heating, or air conditioning. If you buy an occupied property, you have to do an eviction, which, in some states, can drag out for a while, preventing you from getting into the property quickly to prepare for resale. Sometimes the occupants, if they are former owners, will vandalize the properties before leaving or steal items, such as cabinets, doors, fixtures, lamps, etc. If you are buying to resell the property quickly for a profit, you had better know if your buyer can readily get title insurance when buying your foreclosed-upon property. When you get a very good deal at a foreclosure auction, you may find that the former owner files a lawsuit to attempt to overturn the sale. So be prepared to hire an attorney and fight for your profit. Experience and knowledge build your foundation Now do you begin to understand why I recommend that beginners not start investing in foreclosures? Start with simpler buying approaches and get some experience with properties, laws, ordinances, deeds, and loans, and so on to provide a foundation. Learn to do title searches as fast as the professionals. Get to know intimately the government offices that have property records and tax assessment rolls. Get to know the property values in an area where you invest. Learn about the problems with properties in different neighborhoods, such as bad soil, poor construction in certain subdivisions, problems with septic systems and wells, and soil contamination. When you have learned all that, start studying up on foreclosures. Study the foreclosure laws in your state. Study law books on the priority of liens, bidding at auctions, title insurance, and bankruptcy. When you fully understand foreclosures, start buying them. I am not trying to stop you from investing in foreclosures. They can be profitable for those who can practice it well. But, few beginners can do it well. I'm telling you to be realistic and get the background that will allow you to be successful in foreclosure investing. The field is rife with risk. You can easily lose your whole investment if you make a single mistake. Please believe me, even with all my years of real estate investing experience, it has happened to me. Good Investing, Ron Starr MORE INFORMATION More on this topic... Customers also bought...
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FCIC: The Guide to Single Family Home Mortgage Insurance Return to Federal Citizen Information Center Home Page Printer-friendly page -- Guide To Single Family Home Mortgage Insurance U.S. Department of Housing and Urban Development Office of Housing Office of Single Family Housing www.hud.gov espanol.hud.gov Revised February 2005 Becoming a Homeowner Many people in the United States dream of owning their own homes,but few are able to pay cash for them. Many individuals and families whocould not otherwise afford to own a home become homeowners with thehelp of the Federal Housing Administration (FHA) mortgage insurance programs. FHA is a part of the U.S. Department of Housing and Urban Development (HUD) . One of the chief purposes of FHA is to help people obtain financing to buy their homes. This booklet can help homebuyers understand how they can make use of FHA mortgage insurance programs. It explains: How FHA mortgage insurance works Who can get FHA mortgage insurance How to shop for a HUD-approved lender How to apply for an FHA-insured mortgage loan What restrictions apply to FHA-insured mortgage loans Buying a home is the biggest single purchase that most people will make in their lifetimes. Most people borrow money through a mortgage loan to buy a home. Some people reduce the amount of money they borrow by making a large downpayment on the loan to buy a home. Persons who do not have money for a large downpayment may need the help of an FHA-insured mortgage to get a loan. MortgageA legal document that promises a property to the lender as security for payment of a debt. Here is more information about mortgage loans. DownpaymentThe part of the purchase price that a buyer pays in cash and is not included in the mortgage. How FHA Mortgage Insurance Works FHAs mortgage insurance programs help low- and moderate-incomeindividuals and families obtain financing to buy homes or refinance theircurrent mortgages. FHA mortgage insuranceallows a homebuyer to make a low downpaymentand get a mortgage loan for the balance ofthe purchase price. The mortgage loan is made by a HUDapproved lender, such as a bank, mortgage company, or credit union. FHA insures the mortgage and pays the lender if the homebuyer defaults on the loan, or fails to repay the loan. FHA/HUD does not make direct loans to people who want to buy, build, or refinance homes. Who Can Get FHA Mortgage Insurance If you are buying a home, refinancing a mortgage for a home youalready own, or making home improvements, you may qualify for anFHA-insured mortgage. In fact, almost anyone who has a satisfactory credit record, enough cash to close the loan, and sufficient steady income to make monthly mortgage payments can be approved for an FHA-insured mortgage. There is no upper age limit and no certain income level required, although individual mortgage amounts are limited by law. Generally, homebuyers must live in the home in order to get an FHA-insured mortgage loan. The program is not open to investors. To find a HUD-approved housing counseling agency near you, call the HUD housing counseling and referral line toll-free at 1-800-569-4287 or visit the HUD website at www.hud.gov . To find a HUD-approved lender , search online at www.hud.gov . You can also find lending institutions in the yellow pages of the telephone directory under the heading Mortgages. To find out if you qualify for an FHA-insured mortgage loan, youshould visit a HUD-approved housing counseling agency or a HUD-approved lender , such as a bank, credit union, or mortgage company. The housing counselor or lender will look at certain information about your income and spending to determine if you qualify. Federal law prohibits housing discrimination based on your race, color, national origin, religion, sex, family status, or disability. How FHA Mortgage Insurance Can Help You Whether you are buying a home, making home improvements, or refinancingyour current mortgage, you should work with a HUD-approvedlendersuch as a bank, a mortgage company, or a credit unionto applyfor a mortgage loan.Once your loan isapproved, FHA willinsure the loan and paythe lender if you defaulton the mortgage.Because the lender isprotected by this insurance,the lender cangive you better termson your loan. A lower downpayment Some lenders require borrowers to pay 10 percent or more of the price of a home in cash as a downpayment. With FHA-insured mortgages, your downpayment can be as low as 3 percent. The lender will likely require you to prove that you have enough money for the loan downpayment. Use of cash gifts toward downpayment With an FHA-insured mortgage, under certain circumstances you can use a gift from a relative, a local nonprofit organization, or a government agency for all or part of the downpayment and closing costs. The Kinds of Homes Covered by FHA Mortgage Insurance FHA-insured mortgages are available in urban and rural areas for: Single family houses Houses with two, three, or four units Condominium units Houses needing rehabilitation In addition, FHA-insured mortgages are available for reverse mortgages for seniors, called a Home Equity Conversion Mortgage . To make sure that its programs serve low- and moderate-income people, FHA sets upper limits on the dollar value of the mortgage loan. These limits change every year and vary by city and state. Check with a local lender or look online on HUDs website, www.hud.gov . Shopping for an FHA-Insured Loan Since buying a home is one of the most important purchases you willmake in your lifetime, HUD recommends you visit a HUD-approved housing counseling agency where a counselor can help you compare loansand give you homebuying tips. You can find counseling agencies by callingthe HUD housing counseling and referral line toll-free at 1-800-569-4287 or visiting the HUD website at www.hud.gov . You can also findHUD-approved lenders on the HUD website. Your house hunting and homebuying experience can be easier when you become pre-qualified for a loan. To become pre-qualified, you will complete a pre-qualification loan application. When a lender pre-qualifies you, the lender tells you the maximum amount of money you can borrow to buy a home. With that information, you can spend your time looking at homes that you can afford rather than ones that are too expensive. Some lenders may charge a fee for pre-qualification, so you should ask about fees and compare two or more lenders. You should shop for an FHA-insured mortgage loan the same way you shop for any high-cost itemcompare prices and features. The cost of getting a mortgage can vary from one lender to another, so compare these features when you are comparing lenders: Interest rate Discount points Closing costs and other fees Annual percentage rate FHA/HUD does not set the amounts for the above factors. You can negotiate with the lender and come to agreement on the interest rate, points, and most processing fees. Interest Rate You can negotiate with your lender on the interest rate that you will pay for your mortgage. Interest rates fluctuate daily, depending on conditions in the mortgage market. FHA recommends that you check with several mortgage lenders to make sure you get the best interest rate available. Discount Points Lenders can charge you discount points when the interest rate is lower than the yield required by investors who buy mortgage securities. A discount point is $1 for every $100 of the mortgage loan amount. The number of points charged varies in different places at different times and among different lenders. Discount points for an FHA-insured mortgage may be paid by you as the homebuyer, by the homebuilder, or by the person selling the house. Closing Costs and Prepaid Items When your loan is finalized, you will have to pay closing costs. Closing costs are costs in addition to the price of the property that are paid when you close your loan to cover the transfer of ownership. A mortgage loan is made up of two parts: principal and inter- est. Principal is the amount of money borrowed to buy your home. Interest is the amount paid for the privilege of borrowing the money and paying it back later, usually over 30 years. When the borrower pays the mortgage each month, some of the amount goes toward paying the principal and some toward interest. Equity is an owner's financial interest in a property. It is the difference between the amount still owed on the mortgage loan and the fair market value of the property. Closing costs are generally made up of thefollowing: Closing agents or attorney fees Interest paid from date of closing through the end of the month of closing Loan origination fee to cover lender administrative costs Credit report fees Appraisal fees Recording fees Survey fee First mortgage insurance premium Title insurance (yours and your lenders) Certain of these closing costs, as well as certain of the prepaid items listed below, may be paid by the seller, or shared between the borrower and the seller, depending on the terms of the sales contract. Prepaids are advance payments (property taxes, first annual premium for homeowners insurance, etc.) made at closing by the borrower that may be placed in an escrow account and used by the lender to pay these bills as they become due. The property tax you will pay is the amount that the state or locality, or both, assesses as a tax on your piece of property based on the value. While the property taxes due at closing are usually covered in your prepaids, your mortgage payment will also include an amount to pay future taxes as assessed by your state or locality. These tax rates vary by area and typically increase over time. Homeowners insurance combines hazard insurance and lia- bility insurance. Hazard insurance covers property damage caused by fire, wind, storms, and other similar events. Coverage for earthquakes and floods may or may not be included with hazard insurance, and you should check with your insurance carrier to determine if this is included in your policy. Liability insurance coverage protects you against claims alleging negligence or inappropriate action resulting in bodily injury or property damage. Annual Percentage Rate The Truth in Lending Act requires the lender to tell you the annualpercentage rate (APR) charged on your home mortgage. The annual percentagerate is calculated by adding the interest rate, the discount points,the initial service charge, the premium paid to insure the mortgage, andcertain other charges collected by the lender. The APR is not the sameas the mortgage loan interest rate. The Cost of FHA Mortgage Insurance When you get a mortgage loan insured by FHA, you have to pay an up-front insurance premium, which can be included in the loan you get through a lender. You will also have to pay a monthly insurance premium that is added to the regular mortgage payment. FHA uses the premiums to pay the lender if you default on your mortgage. The Importance of Getting a Home Inspection Buying a home is one of the most important purchases you will make in your lifetime, so you should be sure that the home you want to buy is in good condition. A home inspection is an evaluation of a homes condition by a trained expert. During a home inspection, a qualified inspector takes an in-depth and impartial look at the property you plan to buy. The inspector will: Evaluate the physical condition: the structure, construction, and mechanical systems. Identify items that should be repaired or replaced. Estimate the remaining useful life of the major systems (such as electrical, plumbing, heating, air conditioning), equipment, structure, and finishes. After the inspection is complete, you will receive a written report of the findings from the home inspector, usually within five to seven days. FHA does not guarantee the value or condition of your future home, and FHA does not perform home inspections. If you find problems with your new home after closing, FHA cannot give or lend you money for repairs, nor can it buy the home back from you. Thats why it is so important for you, the buyer, to get an independenthome inspection. You should remember that an inspection is differentfrom an appraisal, which also will be performed as part of the mortgageprocess. Ask a qualified home inspector to thoroughly examine the physicalcondition of your future home and give you the information you needto make a wise decision. Information Resources You may want more information for yourself, your family, or others.The following services are available to help you. Internet www.hud.gov or espanol.hud.gov HUDs website contains comprehensive information about homebuying, homeownership, selling a home, making home improvements, and other housing-related topicsin English and Spanish. HUD-Approved Housing Counseling Agency Locator HUD supports a network of approved housing counseling agencies that provide counseling services across the nation. For a complete list of HUDapproved agencies in your area, call the HUD housing counseling referral line toll-free at 1-800-569-4287 or visit the HUD website at www.hud.gov. HUD-Approved Lenders A searchable database of HUD-approved lenders, including banks, mortgage companies, and credit unions, is available on the HUD website at www.hud.gov. HUD Customer Service Center 1-800-767-7468 (TTY: 1-800-877-8339) https://webapps1.hud.gov/dds/ Most of the information products developed by HUD are available from HUDs Customer Service Center by calling toll-free 1-800-767-7468 (TTY: 1-800-877-8339) weekdays between 8:00 a.m. and 5:15 p.m. EST. Written requests should be addressed to: U.S. Department of Housing and Urban Development Customer Service Center Room B-100 451 Seventh Street, SW Washington, DC 20410 You may fax requests to (202) 708-2313. Return to Federal Citizen Information Center Home Page Printer-friendly page --
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Mortgage Mag Main Page Mortgage Mag Main Page MBA Orlando Convention! New Clips! - View the daily clips, contact us. 1.0 State Information Loans, Lenders, Jobs, Associations 2.1 Loan Leads Lead Generation, Telemarketing 2.3 Software Registry Software, Systems, Technology 2.7 Free Loan Search Engine Find a Home for a Loan 4.1 Secondary Marketing Loan Securities, Pipeline, Software 5.0 Industry News Press Releases, Events 5.1 Market Commentary Rates, Events, Calendar 5.3 MortgageMag LIVE! Multimedia, Interviews, Audio, Video 6.1 Net Branching Branching, Associative, Partnerships 6.2 LOX Loan Officer Exchange Job Seekers & Employers 6.3 Job Listings Jobs, Resume Postings and Services 6.4 Recruiter Registry Mortgage, Banking, Finance 7.0 Consulting Registry Mortgage Banking, Finance 8.0 Mortgage Forums Jobs, Branching, IT 11.1 Appraisal Registry Find an Appraiser, Services 17.0 Administration Advertise , FREE LINK! , Search , Help • Friday Update w/ Aaron Freedman Rob Hain 12/16/2005 • Friday Update w/ Aaron Freedman Rob Hain 12/9/2005 • Friday Update w/ Aaron Freedman Rob Hain 12/2/2005 • Tuesday Market Update Rob Hain 11/29/2005 • Monday Market Update Rob Hain 11/28/2005 MortgageMag Live Interviews • Impac Mortgage Group of Companies Bill Ashmore 12/15/2005 • Quality Control in Leads Seth Goldstein 12/13/2005 • More Than Just Mortgages Roger Dunker 11/29/2005 • The Freedman Report Aaron Freedman 11/22/2005 • Old School Recruiting Rob Huxtable 10/25/2005 Market News • MortgageMag will be at the MBA Orlando Convention! - 10/04/2005 • Mortgage Application Volume Down In Latest Survey - 12/21/2005 • President Expected to Sign TRIA Legislation - 12/21/2005 • Pros See No Doom, Gloom in Slowdown - 12/19/2005 Mortgage Technology • SupportTrac and TracTalk Provide Del Mar Database Customers with Online Support Tools - 12/21/2005 • Digital Map Products Partners with Aerials Express - 12/17/2005 • SupportTrac and TracTalk Provide Del Mar Database Customers with Online Support Tools - 12/17/2005 • Swiftpro recruitment software is pleased to announce the launch of two new channel partner and reseller schemes. - 12/17/2005 Fannie Mae • Fannie Mae Updates 12/16/2005 - 12/17/2005 • Fannie Mae Alerts - 12/12/2005 • Fannie Mae Alerts - 11/15/2005 • Fannie Mae Updates 11-7-2005 - 11/07/2005 Freddie Mac • Freddie Mac Updates 12/16/2005 - 12/17/2005 • Freddie Mac Updates 12/12/2006 - 12/12/2005 • Freddie Mac Alerts - 11/15/2005 • Freddie Mac Updates - 10/28/2005 Mortgage Mag Main Page Main Index 1. Loans 2. Loan Originations 3. Loan Processing 4. Mortgage Banking 5. News/Commentary 6. Jobs & Resumes 7. Consulting Registry 8. Forums/Groups 10. Real Estate 11. Property Services 12. Finance 13. Banking 14. Credit Services 15. Legal Services 16. IT/Systems 17. Administrative 18. Related Web sites 1. Loan Center 1.1 Loans by State 1.2 Lenders by State 1.3 Commercial 1.4 Note Sales 2. Loan Originations 2.1 Loan Leads 2.2 Mortgage Marketing 2.3 Lending Software 2.4 Training/Education 2.5 Mortgage Exam 2.6 Licensing 2.7 LoanSearch Engine 2.8 Advertise/Marketing 2.9 Associations 3. Loan Processing 3.1 Processing 3.2 Underwriting 3.3 Closing 3.4 Document Services 3.5 Title Services 3.6 Mortgage Services 4. Mortgage Banking 4.1 Wholesale 4.2 Correspondent 4.3 Loan Processing 4.4 Secondary Markets 4.5 Portfolio Services 4.6 Loan Administration 4.7 International 4.8 Support Services a. Warehouse Loans b. Consultants c. Software d. Govenrment 4.9 Industry Info 5. News/Information 5.1 Market Audio 5.2 Daily News 5.3 MortgageMag Live! 5.4 Lending Forums 5.5 Convention Info 5.6 PR Posting 6. Jobs & Resumes 6.1 Branching [Net] 6.2 Loan Off Exch-LOX 6.3 Jobs - Search/Post 6.4 Recruiter Database 6.5 Job Forums 6.6 Resume Search 6.7 Resume Resources 7. Consulting Registry 8. Forums/Groups 8.1 Market Commentary 8.2 Loan Requests 8.3 Commercial Loans 8.4 Broker Licensing 8.5 Loan Leads 8.6 Mortgage Banking 8.7 Software/Technology 8.8 Branching [Net] 8.9 Employment 10. Real Estate 10.1 Agents 10.2 Resources 10.3 Commercial 10.4 Rental/Apartments 10.5 Construction 11. Property Services 11.1 Appraisal Registry 11.2 Flood Services 11.3 Property Services 11.4 Insurance 11.5 Environmental 11.6 Trust Management 11.7 Mortgage Services 11.8 Government Links 12. Finance 13. Banking 14. Credit Services 15. Legal Services 15.1 Attorneys 15.2 Accounting & Tax 16. IT/Systems 16.1 Video Services 16.2 Video Production 16.3 Webcasting 16.4 Audio 16.5 Multi-Media 16.6 Graphics 16.7 Internet Services 16.8 Software 17. Administrative 17.1 Contact 17.2 Advertising 17.3 Free Listings 17.4 News Posting 17.5 Job Posting 17.6 Resume Posting 17.7 E-Mail Posting 17.8 Search the Site 17.9 Forums 18. Related Web Sites 18.1 Home Loans 18.2 Media 18.3 Brokers 18.4 Mortgage Bank 18.5 Employment 18.6 Real Estate 18.7 Legal 18.8 Finance 18.9 Banking 18.10 Technology
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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: 1-800-785-8016 Home Equity Calculator Financial Information How much credit could you have available? Use this calculator to get an estimated line of credit based upon your home equity. Property ZIP Code: ZIP code finder Current Loan Balance: $ Property Value: $ Monthly Income: $ Monthly Debt*: $ Total Payment (PITI): $ Credit Rating: Excellent Good Average Cost: I'll pay the costs Include costs in rate * Exclude home loans and debts to be paid off with the initial draw from your credit line. Click the links for more information. 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. 1-800-785-8016 contact us | site map | log in CFC home | about us | investor relations | business partners 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.