Archive for January, 2008
Charlotte in National Spotlight Again
More Good News Charlotte!
Today, Vice-President Dick Cheney made a visit to Charlotte NC and spoke before the Charlotte Chamber. As expected, Mr. Cheney did speak about how great President Bush has been for the country. That was no surprise by any means.
However, one of the items that excited me was the acknowledgment of Charlotte’s great economy. Mr. Cheney described Charlotte as “one of the most vibrant economies.”
Let me also thank Bob Morgan, Pat Riley, and the members and the staff of the Chamber this morning for arranging my visit. It’s a pleasure to be in Queen City, here in Charlotte. You’ve built one of the most vibrant and diverse local economies in America. In this community, enterprise is encouraged, and hard work is rewarded; optimism is the order of the day. You’re a model to others, and you’ve helped make North Carolina’s economy among the fastest growing in the country. I appreciate the chance to pay a visit this morning, and I bring good wishes to all of you from our President, George W. Bush.
Excerpt from http://www.whitehouse.gov/news/releases/2008/01/20080131-1.html
I love this. With all the national news about how bad the world is, how horrible the economy is and the fear of a recession, Charlotte still stands out as one of the few bright stars! In an economy where home values have fallen across America, Charlotte’s real estate market is one of just a few metropolitan areas that has actually seen an increase in values and still remains strong!
Get excited my fellow Charlotteans! You are part of a great community, and even those at the White House (during an election year no less) are taking notice!
NOW is THE time to BUY!
ATTN: POTENTIAL CHARLOTTE NC HOME BUYERS
NOW IS THE TIME TO BUY!
Seriously, what are you waiting for? Your Charlotte home search just got simple. Heck, get out and drive any neighborhood you like and you will see at least one home for sale! It is amazing just how many homes are for sale in Charlotte! The selection we have right now is not like anything we have seen in quite some time! And sellers are willing to negotiate! THIS IS A BUYER’S MARKET!
Charlotte’s Real Estate Market Still Solid
Check out this ABC News report about Charlotte, NC’s real estate market. Originally released June 2007, this speaks directly as to why Charlotte has remained a solid trend of growth and increased home values.
Although Charlotte has softened somewhat over the past few weeks, thngs are rebounding quickly. However, Charlotte real estate is still much better than majority of the country!
With 100% Financing still available and some of the best mortgage rates in Charlotte, now is THE time to buy a home!
Call 877-411-9327 or Get Pre-Approved Online
No Closing Cost and No Fee Mortgages in Charlotte
Have you heard that “No Fee” and “No Closing Cost” mortgage loans are available in the Charlotte area? Yes, and they are catching on in popularity, especially in the Jumbo mortgage loan market!
But before you jump onto the “NO COST MORTGAGE” bandwagon, you must know some hidden truths about these mortgage loans…
Is Interest Only Right For You?
Over the past few years, lenders have pushed their “interest only” mortgage loans. In many cases it was sold as a way to afford more home. But in all reality, is an interest only mortgage loan right for you?
Election coming… Need a Sign?
I hate politics. I am not looking forward to this Presidential election.
I am not registered either Democrat or Republican, so this post is not politically motivated. I am an independent and consider myself to be moderately conservative, but with some liberal undertones. Sounds like a good drink huh?
So I found the following picture very funny. It is an actual sign in North Carolina. For those of you seeking a sign on how to vote, maybe this could help:
Bank rewards Sale of “Risky Mortgages”
Several times over the past few days I have noticed this headline. The basic story here is that Wachovia, a Charlotte NC based lender is paying their loan officers additional incentives for selling their “Pick a Payment” mortgage program.
The “Pick a Payment” mortgage loan has been the staple loan of World Savings Bank, now owned by Wachovia. This loan offers the borrower several payment options, including one that leads to “negative amortization.” And in light of today’s declining market and the negative press the entire mortgage industry has endured, this certainly makes for great headlines. The problem is that the news media fails to fully explain this mortgage loan, similar to how some not so “above the board” mortgage brokers and lenders failed to explain it to their clients.
The Ink is Not Yet Dry!
Bank of America has agreed to purchase Countrywide for roughly $4.1 Billion. So this makes Bank of America the largest bank in America in regards to mortgages. Many industry analysts have spent much of 2008 speculating on the impact this will or will not have on the market.
And yet… this is not a “done deal” just yet.
Weddington’s Manners
This morning I wrote the following post to Localism, and wanted to share with my visitors here.
Today on my way in to work, I had to take a more scenic route. I am glad I did, as I was exposed to something I normally would not see in “rush hour” morning traffic.
Mortgage Rate Roller Coaster
Earlier today, mortgage rates dropped big time. The bond market had taken a big hit and that forced mortgage rates down considerably. However, by mid afteroon, bonds had rebounded and mortgage rates took a big swing up. A jumbo loan that I had quoted at 5.75% by the end of the day turned into a 6.125% rate!