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 [...]
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 [...]
A Charlotte First Time Home Buyer is going to wonder about mortgage interest rates. How do I get the best interest rate on my mortgage? How come different lenders have different interest rates? Why do interest rates change? The Charlotte Mortgage lender you choose to work with makes a difference in the interest rate you [...]
Charlotte Homeowners that are feeling crowded should look into moving up now. There are two great reasons for a home owner in Charlotte to sell their starter home and move up to their next home now. 1. Interest Rates are still remarkably low. Mortgage Rates in Charlotte will not stay this low for much longer. [...]