Document a mortgage loan for a North Carolina property with these easy template Mortgage Forms.
Mortgage companies and other financial institutions are chartered and regulated by the Office of the Commissioner of Banks. In order to become a mortgage broker in North Carolina, you must have at least 3 years of experience in the mortgage industry.
DID YOU KNOW? North Carolina was the first state to adopt laws to protect consumers from predatory mortgage lending.
In North Carolina, a Deed of Trust is used instead of a mortgage to secure repayment of a new home loan.
A Deed of Trust can be used for any real estate property except for agricultural farm land.
A trustee, such as a title company, holds the title as security to ensure that the borrower makes the loan payments on time, pays the taxes, maintains and keeps the property in good condition, and fulfills all of its obligations.