Archive for February, 2008

Charlotte: Refinance Now!

Mortgage Rates are at all time low’s! Recently we have seen some mortgage interest rate fluxuations in the market. Last week there was a quick drop that lasted a couple hours and then popped back up. But keep in mind, you do not want to float around hoping for that again! The next time we see that, if we see that, I would expect a high jump after the fall. In other words, if mortgage rates drop a 1/4 point in rate, I expect there to be a 1/2 point recovery afterwards!

Mortgage rates in the Charlotte area are still hovering in the 5% range as of this post. For anyone with a 6.5% or higher interest rate on your mortgage, now might be the time to refinance your Charlotte home mortgage. Do it now, before rates begin to increase… it will happen sooner than you think!

Apply Online or Call 877-411-9327

Refinance Charlotte Home Mortgages Today

That’s Right!

100% FHA Mortgage Loans

for Charlotte FHA Home Buyers

 Right now, Charlotte home buyers can buy a Charlotte FHA repossessed home with only $100 down! Under this special financing program, Charlotte FHA home buyers can waive the required 3% down! This means less cash out of your pocket, and the best mortgage rates on the market!

FHA has acquired a large number of foreclosed homes in the Charlotte real estate area. In an effort to reduce the inventory, we have access to a special FHA mortgage program called the HUD Repo Program, that allows a home buyer in Charlotte to buy an FHA property with only $100 down. The best news is that there is no addition to the rates, so you will still get fantastic FHA mortgage rates!

Call the Carolina Mortgage Connection to get pre-approved, and we can connect you to an FHA qualified Realtor that can help you locate these special homes!

Apply online or call 877-411-9327!

100% FHA Mortgages in Charlotte! Act now!

Special Contribution Article

1. Take your time…  Many Buyers in 2007 felt ‘rushed’ to make a decision to purchase property for fear that they would either get into a bidding war or the ‘cream of the crop’ would fly off the market.  We have a bit more time in 2008. Read the rest of this entry »
   

Special Contribution Article

So, Hawaii and Florida may be known as ‘vacation’ states but, North Carolina is now the TOP ‘migration’ state!  A recent study by United Van Lines revealed that in over 200,000 interstate moves, NC had the largest number of newcomers and the least number of residents leaving the state!  Charlotte, The Queen City, and the largest city in North Carolina, has been extremely popular due to economic and job growth.  In a recent interview, the Charlotte Chamber of Commerce VP of research, Tony Crumbley, stated that it is ‘fact that we are creating jobs and our quality of life’ are other draws to our beautiful city.  The fact that our region enjoys a four-season year is also a big draw.  Read the rest of this entry »

Beazer announced that they will no longer build homes in North Carolina (and four other states). In addition, Beazer Mortgage is being shut down. This is all a result of problems found last year in their business practices, mainly exposed by the Charlotte Observer.

In my opinion, this shows why “combined services” can be very dangerous. Although the companies that combine home sales and mortgages tout it as a convenience for their clients, these combined services can also be harmful for a great number of home buyers. As evidenced by Beazer Homes, the temptation to Read the rest of this entry »