Archive for the ‘Refinance’ Category

Broken ARM? The Doctor is In!

If you are currently suffering from a broken ARM (adjustable rate mortgage), or if your ARM is threatening to break, you need to call the ARM Doctor now!

As your mortgage’s primary care specialist, I will help you diagnose the problems that your mortgage ARM is causing, or may cause in the near future. I can offer suggestions on how to correct the problem, including refinancing your adjustable rate mortgage into a low fixed rate mortgage.

Homeowners all over North and South Carolina, including Charlotte, Matthew, Concord, Gastonia, Huntersville, Rock Hill and beyond are saving money now with great low mortgage rates and fixed mortgage terms.

With amazing products like the FHA refinance mortgage that allows up to 95% cash out, you can save hundreds of dollars each month! Lower your payments, pay off debt (debt consolidation) and secure your best mortgage rate today!

Call me now and let me examine your mortgage situation. Even if you are not strapped with a broken ARM, a free mortgage consultation can let you know if your mortgage is in perfect health, or if you can get a better mortgage.

In Charlotte, call 877-411-9327. As a matter of fact, you can call that same number from anywhere in the Carolinas! Or apply online to refinance your mortgage for a better mortgage.

Campaign to Fix your ARM

Both North and South Carolina have a tremendous number of ARMS that need fixing. Today I am launching a campaign to Fix your ARM! (adjustable rate mortgages)

- No longer must you live with a broken mortgage program that threatens your home’s security!

- No longer must you worry about what mortgage interest rates do… it won’t matter to you!

- No longer will the news of foreclosures scare you!

- No longer will you worry about your struggling budget and personal economy!

As your Charlotte mortgage lender, I will stive to Fix your ARM! I will work diligently to refinance your adjustable rate mortgage into a fixed rate mortgage with no surprises! I will not rest until your mortgage refinance saves you money and saves your personal economy! I will press on in Charlotte, Gastonia, Monroe, Matthews, Cornelius, Lake Norman, Huntersville, Concord and all of North Carolina and all of South Carolina until I have helped every single home owner I can refinance out of that adjustable rate mortgage they are struggling with!

I will work hard to bring you a lower mortgage rate. I will work with blood, sweat and even tears (yes, tears!) to lower your monthly mortgage payments! If you are in need to refinance your mortgage in Charlotte, or anywhere in North and South Carolina, I am here to be your mortgage lender!

I will not run a campaign based on negative smear campaigns, but I will speak the truth! I will find hope for you and help you overcome the financial challenges your adjustable rate mortgage payment has burdened you with! No, I am not able to walk on water, but I do one hell of a job in getting you a better, lower, cheaper mortgage in Charlotte!

So be sure to Vote Now! Cast your vote and apply to refinance your mortgages in NC and SC now!

Vanilla Mortgages now 31 Flavors!

In the past, conforming and FHA mortgages have been considered “vanilla” mortgages. The reason for that label is that for many years these loans were very easy to do. Simply put the information into the computer and voiloa! you had your approval. My have things changed!

Over the past several months, lenders have changed guidelines and added “layers” to the risks involved with creating a mortgage. Used to be if you put 20% down, you pretty much could get approved. Now, even with 30% down, some people are having trouble. Why is that?

I would tend to think that the biggest reason so many lenders are getting turn downs is because they don’t know how to structure the deal properly from the beginning. Too many loan officers are just trying to keep up and have no way to keep up with the changes in the marketplace. So more and more loans are becoming turndowns. And once turned, too many loan officers have no idea what to do next and can’t give any advice on how to improve the chances of getting approved.

The Carolina Mortgage Connection works with all loan appliacants. We have great success with the Good, the Bad and the Ugly! The Good still require more work that we have seen in the past, and while almost any monkey can get someone with a 720 credit score approved, we specialize in structuring the deal to get it closed quickly and efficiently. The bad and the ugly require more work, but our success rate in getting approved and closed is high!

If you are in the market to buy a home in Charlotte or to refinance your Charlotte mortgage loan, let the mortgage loan experts in Charlotte get your mortgage application approved! Call us now at 877-411-9327.

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Recent Mortgage Changes Catching Buyers by Surprise

I have been getting a lot of phone calls lately from Charlotte area real estate agents and salespeople. It seems that they have been seeing a lot of mortgage approvals getting denied! What in the world is going on?

One of the most common concerns has to do with big local banks, such as Bank of America and Wachovia. Because these are such big banks in Charlotte, many Realtors and sales people have just sent their clients to them. The problem is that large banks like Bank of America only offer Bank of America mortgage products. So when they make changes to their own mortgage loan products, it becomes a “yes or no” decision, not a “let’s move it to another program” decision.

Case in point… Joe was approved to buy his first home using a Charlotte FHA mortgage loan from one of these big banks. We’ll call them “Big Bank USA.” Joe didn’t have the best credit in the world, but it was enough to get approved to buy a home in Charlotte. When the approval came from Big Bank USA, Joe was excited to be able to buy his first home! But then, half way through the processing of his mortgage loan, something changed. Big Bank USA changed their underwriting criteria and implemented a credit score requirement that was above what Joe had. All of the sudden this approval was turned down.

Since Big Bank USA is only a bank, they had no other FHA mortgage programs to turn to. However, Joe’s loan is now with the Carolina Mortgage Connection. With the multiple lenders and programs available to us, we are working to place Joe’s loan with a viable lender and get it closed! If Joe had started his loan process with us, we would have been able to move things around a lot faster and easier.

The moral of the story is that big banks have far less flexibilty. The Carolina Mortgage Connection is part of Residential Mortgage Center in Charlotte, NC and operates under a Lender’s license in North Carolina. While we can make mortgage loan decisions using our own money, we still have the ability to broker and close mortgage loans with other wholesale lenders, giving us far greater flexibility and adaptability than your conventional banks. And with great low mortgage rates that rival Charlotte area banks, the Carolina Mortgage Connection will quickly become your most trusted source for mortgage loans in the Charlotte area.

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Need to Refinance your Charlotte Mortgage?

Now may be the best time ever to refinance your Charlotte mortgage loans. A mortgage refinance loan in the Charlotte area is still fairly easy to do. In most cases you can lower your mortgage interest rates, lower your mortgage payments and often times can consolidate other higher rate debts.

Many areas around the country are having trouble with refinancing mortgages. This is due to the declining values. However, Charlotte does not suffer from declining values as our growth has been slower and steadier than the rest of the country. So that allows more flexibility and more options when it comes to a mortgage refinance in Charlotte NC.

If the interest rate on your mortgage seems high to you, chances are it is! If your current mortgage program is an adjustable rate mortgage, its time to fix your mortgage. Today, Charlotte’s fixed rate mortgages are cheaper than most adjustable rate mortgages! Sticking with that ARM with the fixed mortgage rate options available today may not be the smartest choice.

Let the professionals of the Carolina Mortgage Connection help you determine if you could benefit from a mortgage refinance loan in Charlotte North Carolina. From conventional mortgages to FHA and VA mortgages, we have all the options and programs to find the perfect fit for your needs. And with the lowest, cheapest, best and most affordable mortgage rates Charlotte has seen in decades, now is the best time to refinance your Charlotte home mortgage.

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Freightliner Employees Have Small Window

The word is that Freightliner in Cleveland NC is about to go through major layoffs. If you are working at Freightliner (or any position that could be victim to layoff) you have a very limited window to refinance your mortgage and get your finances in order.

With only 60 days until the final word comes, you may want to look to refinance your home mortgage in Cleveland NC as soon as possible. Many Cleveland NC homeowners could benefit from lower mortgage rates, lower mortgage payments, or debt consolidation mortgage to reduce your overall monthly debts now, before a possible job loss.

While few will consider buying a home, those already owning a home in the Cleveland area will want to at least look into this.

Here is an example of how refinancing your mortgage could help:

Current Mortgage Payment: $950
Current credit card Payments: $240
Current Auto Payment: $360
Total Monthly Payments: $1550

Assuming you had equity to pay off the credit cards and the balance on the auto loan, a mortgage payment of $1195 a month would save you over $350 each month! Facing the possibility of lower wages, this could be a major life saver!

If you live in the Cleveland area, work for Freightliner, or work in a job that could be impacted by layoffs or closings, act now before its too late. Once you have been layed off, you will have to wait until you have found a new permanent job and may have to get re-established from there.

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Why do you do that?

It’s a common question asked. When compared to Snakes, Liars, Politicians and Cheaters it’s easy to see why people ask me why I do what I do. But for me, the answer is easy! I love helping people!

I love helping a first time home buyer realize a dream they never imagined would happen! I love assisting a family buying their “move up” home because they have outgrown their starter home. I love helping a family refinance their home mortgage and save hundreds of dollars, allowing them to breathe a sigh of relief! I love helping our military veteransown a piece of this great country they have served!

In short, I love what I do!

Sure, there has been a lot of bad press about the mortgage industry as of late. Much of it, although somewhat misleading, is deserved. Over the past several years, mortgage companies offered ill-advised loans to the wrong borrowers. And with so much “easy money” flowing and over inflated profits realized, even the most reserved of mortgage lenders jumped too far in. So now the entire country is having to correct itself and many people are paying the price.

However, with all the bad news, there is good news too. The Charlotte North Carolina real estate market is still very strong. Charlotte mortgage rates are still at all time lows. And if you have been on the fence about buying a home, Charlotte FHA and VA mortgage loans could make this the best time to buy ever!

So when seeking a Charlotte mortgage company to work with, be sure to find someone that loves what they do. It should be their passion, not their job.

Charlotte VA Mortgages still offer 100% Loans

In a lending environment that is running away from no money down mortgages, there are still no money down Charlotte VA veteran mortgage loans! Read the rest of this entry »