Thursday, November 11, 2010

A New National Multi-Cultural Real Estate Franchise Formally Announces its Launch


OneRes, a multi-cultural independent real estate franchise organization based in Celebration, Florida, officially announces its launch at the National Association of Realtors in New Orleans, LA this week.

Celebration, FL (PRWEB) November 7, 2010

OneRes, a multi-cultural independent real estate franchise organization based in Celebration, Florida, officially announces its launch at the National Association of Realtors in New Orleans, LA this week. OneRes was founded by former real estate franchisees, former Fortune 500 company executives, residential and commercial developers.

OneRes leadership consists of African American, Asian, Hispanic and Caucasian ethnicities and represents the diversity of America. Corporate Directors are Eric Waddell, President/CEO, Edie Waddell, VP of Franchise Relations, Joe La Rosa, Chief Executive Consultant, Mike La Rosa, VP of Business Development, Ana Alvarez, VP of Recruiting and Carmen Chong, VP of Education.

From Celebration, Florida, Eric Waddell, President and CEO of OneRes said, “The Company was formed because there is a definite need for small to medium sized real estate brokerages to have affordable access to business support in the areas of education, training and technology.

The current economic conditions and the real estate and financial market collapse had a greater impact on small to medium size real estate brokerages, driving income down and many out of business causing a call to action and thus OneRes was created.” With a focus on providing education, training, and collaborating with franchisees on community outreach initiatives, the OneRes brand is a proponent of interconnecting awareness and effectively servicing outreach initiatives that have an immediate impact on improving our communities. OneRes expects a high level of growth within the next 12 months.

OneRes currently has branch locations in Texas, California, New York and Florida and intends to begin franchising new locations in November and December with a nationwide rollout in January 2011.

For more information or to schedule an interview with the principles of OneRes, please contact Edie Waddell at 407-566-2689.
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Thursday, November 04, 2010


Questions You Should Ask Your Lender When Shopping For a Loan


1.Are both fixed-rate and adjustable mortgage loans available?

2.What is the interest rate?

3.How long can I "lock-in" the financing at the current interest rate?

4.Is a float down lock available in case rates drop after I have locked in?

5.What are the other fees a lender may charge me in conjunction with my loan?

6.Are funds for a second mortgage available?

7.On adjustable loans, how often will the interest rate be adjusted?

8.Is there a maximum limit on each rate change?

9.How often will the monthly payment be adjusted?

10.Is there a ceiling on payment adjustments?

11.Can the term of the loan be extended?

12.What is the maximum rate that can be charged over the life of the loan?

13.Is there any potential for negative amortization?

14.Is there a pre-payment penalty clause? This involves extra charges for paying off the loan before maturity. About 80% of all loans in the United States are paid off early.

15.What is the "grace" period?

16.How late can a monthly payment be made before a late charge is assessed?

17.What will happen if a payment is missed?

18.If you sell your house, will the new buyer (if he/she qualifies) be able to assume your mortgage at the same interest rate?

19.Do you have to pay "points" to get your new mortgage?

20.Usually lenders charge points for the cost of giving you a mortgage loan. A "point" is 1% of the loan.

21.Will the lender require mortgage insurance?

22.Is the loan serviced locally or is the servicing sold? Ask for a written "good faith deposit".

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