Mortgage Rates Charlotte NC
January 6, 2009 by Loan Officer · Leave a Comment
Charlotte Mortgage help can be hard to find when purchasing a new home for the first time. Finding the right home can be a huge accomplishment, but you will need to have the right financing to go with it. With our help, you’ll be able to find the information you need to finance your new home. [...]
Charlotte Refinance
August 8, 2008 by Loan Officer · Leave a Comment
Refinancing Charlotte A Charlotte Mortgage requires a Refinance Benefits Statement. This statement is required by North Carolina to show that there is a benefit in refinancing your current mortgage. Here are the top reasons why most people refinance : a lower interest rate, ARM to Fixed rate mortgage, shorter loan term, debt consolidation, removing PMI, [...]
NC Mortgage Brokers
July 22, 2008 by Loan Officer · Leave a Comment
As a North Carolina Mortgage Broker we can offer you a variety of mortgage products with various lenders. FHA seems to be one of the top mortgage programs that our borrowers ask for. Please make sure to visit our FHA mortgage section. We also are having a high amount of VA loan applications from Veterans [...]
Charlotte Home Mortgages
July 19, 2008 by Loan Officer · Leave a Comment
Charlotte is one of the fastest growing cities in North Carolina. We’re experiencing great home appreciation due to residents relocating from all over the United States, and buying up the homes for sale in Charlotte. Charlotte Mortgage applications are coming in everyday for all types of home financing. Recent Charlotte Home Mortgage inquiries include FHA [...]
PreApproval Underwriting Guidelines
July 17, 2008 by Loan Officer · Leave a Comment
There are 4 main factors that are used today by underwriters to determine a mortgage approval. These factors help a mortgage underwriter understand the borrower’s qualification. These factors determine if a borrower can receive a preapproval, prequalification, and meet necessary underwriting guidelines. The first factor known to the American population is called the ‘credit’ criteria. [...]
FNMA & FHLMC will not fail : Bernanke
July 17, 2008 by Loan Officer · Leave a Comment
The Chairman for the US Federal Reserve spoke with Congress on 07/16/2008, and stated that the mortgage giants Freddie Mac & Fannie Mac are in ‘no danger of failing’. The US Treasury Department & the FED came to their rescue on Sunday. They will be offering help towards their finances to help alleviate any issues [...]
Origination fee & Discount points
July 17, 2008 by Loan Officer · Leave a Comment
Before obtaining good mortgage rates a borrower must understand what actually is included in a ‘mortgage interest rate’. There are many factors that affect all mortgage rates in every mortgage transaction. Discount points, origination fees, Yield Spread Premium, and 3rd party fees are a few factors that can change your interest rate. This information will [...]
Mortgage Glossary
July 17, 2008 by Loan Officer · Leave a Comment
Acceleration clause: a provision that allows the lender to demand full repayment of the total remaining loan balance in the event that a borrower any clauses in the mortgage note. Amenity: home or property features that is beneficial to the buyer. Maybe natural or artificial items such as forest, waterfront, and location or orchard, garden, [...]
