In Charlotte, thousands of families have been waiting to buy their first home. For a Charlotte Renter, the choices and decisions seem too complex and important to rush into. With our Path 2 Buy program, we have discovered the 7.5 reasons why Renters are failing to make the decision to buy a Charlotte House today. [...]
Tag Archives: Charlotte Home loans
Charlotte Home Owners Can Reduce Their Junkmail
January 10, 2012 – 3:35 pm
Here is a quick tip for Charlotte Home Owners and Charlotte Home Buyers to use to reduce their junk mail and to stop marketing calls during dinner: Visit www.optoutprescreen.com. When you visit the website, you will be asked to provide certain personal information, including your home telephone number, name, Social Security number, and date of birth. [...]
Mortgage Refinancing – better now than later
December 27, 2011 – 1:45 pm
If you have been considering a refinance of your mortgage, you are more likely to get a good deal now rather than waiting. Here are two key reasons why: Home values are still dropping. When you refinance your mortgage, your mortgage lender will most likely need to get an appraisal done on your house. Homes [...]
Maximum Conforming Loans stay the same in 2012, Jumbo Loans are still a great option
November 30, 2011 – 8:09 am
For 2012, home buyers in Charlotte will see the best rates on mortgage loans that are at or below the “Conforming Limit” of $417,000. Loan amounts greater than $417,000 are considered Jumbo loans. n general, Jumbo loans are not backed by Fannie Mae or Freddie Mac, so they have higher interest rates than conforming loans. [...]
Three Keys to the Lowest Interest Rate on Your Next Mortgage
October 13, 2011 – 7:23 am
For a Homeowner looking to Refinance, or a Home Buyer, there are three simple keys to get the lowest interest rate on your mortgage. Prepare yourself Choose the right Mortgage Lender Lock your rate when the Market says so Prepare yourself to get the lowest interest rate. A Home-buyer’s personal situation has the biggest impact [...]
Did you pay cash for you house and now are thinking, whoops…?
September 21, 2011 – 11:20 am
It’s the dream for a lot of Charlotte Home Buyers to own their house with no mortgage, or to buy a new house for cash. What could be better? Sometimes, however, people realize that they should have gotten a mortgage so that they can keep some of their money liquid and availble to them. Up [...]
The Lowest Rate on your Refinance
August 13, 2011 – 8:44 am
For Charlotte home owners, this was a week to look at refinancing. The Interest rates were changing so fast it was crazy. If a Home Owner talked to a Charlotte Mortgage Lender, and then finished the conversation with, “Let me think it over”, they would find the next day that the rates were higher or [...]
Mortgage Planning: Loan Programs, Fixed or Adjustable?
June 20, 2011 – 7:10 am
For a Charlotte Home Buyer, once you have determined the Down Payment Size, the next most critical piece of a Mortgage Plan is to decide which loan program is best for you. Over the past year, most Charlotte Home Buyers simply chose a 30 year fixed rate mortgage. As recently as 2010, Freddie Mac reported [...]
FHA Mortgage with No Mortgage Insurance Premium?
May 13, 2011 – 1:04 pm
Here is a new loophole for Charlotte home buyers: You can potentially get an FHA loan with No Mortgage Insurance. The FHA Mortgage program is typically for lower down payments or people with lower credit scores. Many First Time Home Buyers in Charlotte will choose an FHA loan because of a down payment as low [...]
Should you pay Points on your next mortgage?
May 11, 2011 – 11:27 am
Paying Points, or an Origination Fee is something that some Charlotte Home Buyers choose to do, and it is something some Charlotte area Mortgage Lenders require. At Fairway Independent Mortgage, we show our customers both options and let them decide. In general, if you pay a Point on a Mortgage Loan, you will have higher [...]
2012 Income Tax Brackets – and, What to do about them
It’s one thing to know what your tax bracket is – that’s important. It’s another thing to know what to do about your tax brackets – that is really important. Here are the basic tax brackets for your taxable income: There are two important things to know about your tax bracket: What does it cost [...]
