Archive for the ‘Credit Tips’ Category
Charlotte: Shining in the Darkness
Charlotte’s Real Estate Market Shines!
Today, Bloomberg reports that the S&P/Case-Shiller home-price index dropped 10.7 percent from January 2007. In 20 major US metropolitan markets, property values dropped overall. The drops were dramatic and many economists are predicting tough times ahead.
Yeah yeah, we have heard all of this time and time again! “The sky is falling, the sky is falling!” And yet again, Charlotte NC real estate remains one of the bright spots in the nation! This report went on to say (very briefly I might add) that Charlotte home prices defied the averages yet again! Read this excerpt:
All but one of the 20 cities in the index showed year-over- year declines in prices in January, led by drops of 19.3 percent in Las Vegas and Miami. Prices rose in Charlotte. (view report)
This is further proof that Real Estate is local. While other areas in the country that saw “crazy - stupid” property value increases are resetting themselves to reality, Charlotte’s real estate market, which has remained steady, is continuing to grow. Remember when your economic’s professor said “slow and steady wins the race”??? Well, here is your proof! Charlotte NC has the best real estate market in the Country! Those of us that live here already know this is the place to live. The rest of the nation is seeing this too! If you are thinking of moving, you should seriously consider moving and buying a home in Charlotte NC!
Get Multiple Mortgage Loan Offers Now! Mortgage loans for all of the Carolinas, including Charlotte, Raleigh, Matthews, Concord and more! All mortgage applications and requests are submitted through LendingUniverse.com, an affiliate partner that can provide you with multiple loan quotes and offers from lenders.
Exciting News!
A Step Forward
Dear friends, clients and partners;
It is with great excitement and anticipation that I am pleased to announce that the Carolina Mortgage Connection has joined Residential Mortgage Center in Charlotte, NC.
Residential Mortgage Center is a licensed Mortgage Lender serving both North and South Carolina and is located at 205 Regency Executive Park Suite 200 Charlotte, NC 28217.
With this move to Residential Mortgage Center, we will continue to offer the best mortgage rates and service in the Charlotte area! In addition to that, there will be on site loan processors to get your mortgage loans closed faster than ever!
Greater Flexibilty
Working with a mortgage lender will give us greater flexibility in the marketplace. In today’s volatile mortgage market, flexibility will be a key difference in getting results! With the ability to adapt mortgage programs to fit the individual needs of our borrowers, the Carolina Mortgage Connection can custom tailor the right program just for you! And because you are working directly with the lender, mortgage rates will be more competitive than ever!
Focused on You
Change can be a scary thing. But in this case it is very exciting! This business maneuver will allow us to focus on providing our clients and partners with unparalleled service while allowing us to pursue our mission of educating, inspiring and assisting in the American Dream!
As always, you can always contact us by calling 877-411-9327 or via the website at www.EdNailor.com
Sincerely,
Ed Nailor
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?
Mortgage Applications Should be Secure
As a mortgage professional in Charlotte, I go out of my way to take care of my clients. When it comes to their security and their privacy, I leave nothing to chance. So when I recently visited a local Realtor’s website and looked around their website, I was shocked at what I found.
Read the rest of this entry »
100% Financing has new Requirements
According to a Countrywide bulletin this morning, the private mortgage insurance companies have raised the bar for 100% mortgage loans in Charlotte and the entire country. Now to qualify for a conforming conventional mortgage loan, you will need to have Read the rest of this entry »
Shopping Spree could Stop your Home Purchase
Wow. You are almost there! You have been pre-approved for a mortgage and located just the right house. Your offer to purchase was accepted after some further negotiations over the house’s price.
You submitted your offer to purchase to your mortgage lender and all the income documents he requested. The home inspection went well and the home appraisal came in over what you offered!
The lender has submitted your loan to underwriting and you are simply waiting for final approval so you can close on your home… your dream is almost real!
Only a few more things to do before closing… Read the rest of this entry »
Misleading and certainly NOT objective
Earlier I was snooping around CNN Money online to get info from Bernanke’s speech today about the Fed Reserve. While there I saw an ad from Bankrate.com, a well “respected” website that is supposed to be objective. For the fun of it, I clicked on the rate comparison for a 30 year loan (which advertised a SUPER LOW rate.) I was then prompted to provide more information about locality, loan amount and down payment. When all was said and done, that rate was nowhere to be found.. and at the bottom of the list of lenders and their “Todays’ Rates” list was this tag: Read the rest of this entry »
How to remove a bankruptcy from your credit report…
Special Contribution Article
I was given a bit of advice from a friend who had a bankruptcy removed from his credit report on his own without paying anyone a dime. The idea is very simple. He found out that after a certain number of years, the county moves it’s records from a paper file to microfiche. (In his case, it was 3 years.) He waited until 3 years had passed and then Read the rest of this entry »
"Piggybacking" crackdown…
Special Contribution Article
In anearlier blog about credit repair I had talked about a method of improving one’s credit score by “piggybacking” on someone else’s good credit. The theory is simple, and here’s one example: a student with virtually no credit wants to start building some. He gets mom or dad to add him as an “authorized user” on one of their credit cards. Technically he becomes able to use the account, but is not responsible for payment (they don’t even have to give him the card). But the years of good credit history from mom & dad instantly pop up on his credit report and jacks his score up. Then he can go out and start building credit MUCH easier than starting from scratch. Read the rest of this entry »
Great Rate in 2008! Apply Now!
2008 may be your last chance to get a great rate!
Experts are saying that rates may be heading upwards, and while they are still low, the time to lock in your Great Rate in ‘08 is now!