Posts Tagged ‘Home Buying’
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…
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.
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!
The Chicken and the Pig
A chicken and a pig were walking down the road. Soon they were both very hungry. In discussing what they should eat, the chicken came up with a solution. “Let’s eat eggs and bacon. We have all we need right here!” The pig was not so excited with this suggestion. “For you, it’s a simple donation,” said the pig. “For me, it means total commitment!”
So what has that to do with mortages or real estate? 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 »
Bank of America and Countrywide. What’s Next?
So by now you have heard the news. Bank of America is buying out Countrywide for pennies on the dollar. You got to give it to BOA… they got a deal. Of course, it does come with baggage as well, but I think it will still be good for BOA. My question is though, will it be good for consumers….
Suzy Orman’s Advice on Real Estate
Look, I like Suzy. For the most part I think she gives very good solid GENERIC advice on finances. She even has a great product (Suze Orman’s FICO® Kit Platinum*) that helps with credit scores. But here lately Suzy is becoming just another “Talking Head” on the TV.
A colleague of mine recently expressed frustration in dealing with a client. This client wanted to sell their home and had recently watched Suzy Orman advise someone NOT to sell right now, so they were going to wait for now. As my collegue tried to explain to the client, “We do not live in one of those areas that are suffering from a major declining market”, the client seemed to take Suzy’s advice more seriously.
Folks, please remember that when you are getting your advice in life, make sure that the advice you are getting is from good counsel that is not only informed in general, but also knows your own situation. If you watch Suzy’s show, she gives advice to folks on the TV after a 30 second Q&A drill! This means that she has to take a sliver of information about your situation and then provides you with potentially LIFE ALTERING financial advice! Is this the advice you really want to listen to?
Find a professional in your area that can sit down with you and actually offer solid advice based on YOUR situation… not what the media news claims. After all, when the current story changes tomorrow, so will the advice given by these “experts.”
As a professional mortgage lender in Charlotte, I have told folks that they should not buy a home, or they should not refinance their mortgage. YES… I turned business away! Why? Because it was the right thing for that customer! And by doing the right thing for my customers, I will always be able to give solid advice without compromise and my customers know that they can trust it. I am here for the long haul, not just seeking the quick buck!
So if you need financial advice, give me a call. At least I will listen to your entire situation BEFORE offering potentially life altering advice! And you will know that since I took the time to get to know you, you can trust what I am sharing with you.
Thanks,
Ed Nailor
877-411-9327
Thank you Eleanor Thorne for the inspiration for this article. Eleanor is a top mortgage professional in the Raleigh, NC area. Visit her site at http://stevethorneonline.com/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.
*promotional affiliate link
Video: Introduction to Charlotte, NC
Real Estate Agent Terry McDonald gives a nice introduction to the Charlotte, NC area.