HELP with R/E Loan

Posted By: HRH Okie Banker

HELP with R/E Loan - 02/17/10 05:42 PM

I have a 15 year $68,000, fixed rate loan to H/W secured by agriculatural land to consolidate personal debt. Are there any requirements other than TIL and FLood for this? I'm sorry to ask for help, but I am not up to date on all the consumer real estate requirements yet. Thanks!
Posted By: HRH Okie Banker

Re: HELP with R/E Loan - 02/17/10 05:53 PM

The land is 157 acres farmland, no structures.
Posted By: Island Dreaming

Re: HELP with R/E Loan - 02/17/10 06:57 PM

Check out the RE lending matrix on www.bankerscompliance.com . It is located on the Compliance resources link - free downloads! (Thanks David!!) It is very helpful when looking for this type of information.
Posted By: HRH Okie Banker

Re: HELP with R/E Loan - 02/17/10 07:07 PM

Thank you, Pjps. I totally forgot about this wonderful tool. I do have a copy but it was an older version. I'm so glad to find out I was right on the money. I was so nervous because of all the changes happening.