Charlotte Mortgage - Economic Update 05/17/09
On Tuesday, May 12, according to the ICSC-Goldman Sachs index, store sales rose 0.3% in the week ending May 9 compared to the previous week. Compared to a year ago, retail sales were up 0.5%. That is the best year-over-year reading since late November 2008.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage [...]
Quit Claim Deed vs. Warranty Deed
A Difference Indeed
A quit claim deed is the legal way that one person (the grantor) transfers real property, such as a house or land, to another person (the grantee). As an example, a divorcing husband may quit claim his interest in certain real estate to his ex-wife. While the concept is simple and straightforward — [...]
Frequently Asked Questions
Here are some of the questions we asked most often. Click on the link to see the answer. Please call me if you have any other questions.
I am currently renting, how do I determine if I can afford to buy?
To determine if it makes financial sense to buy, compare the cost of renting to the [...]
Save Before You Buy
Saving money is a very important step in home ownership. You will need money for several different needs during the process. Money in the bank will also show those making decisions on your loan that you have established a level of responsibility with your income, that you aren’t living paycheck-to-paycheck. It will prove to you that you don’t have to spend every dime you get….
Renting vs. Buying
Buying a home will probably be the most important purchase of your life, and the process can be intimidating. We are here to make it easy for you. This page outlines some of the basics you may want to know before getting started. Everyone has to start somewhere and now just may be your time.
First Time Home-buyer Tips 101
Tips for the First-Time Home-buyer
Educate Yourself
Become familiar with the home buying process. You can do this fairly inexpensively by picking up easily understandable books such as Home Buying For Dummies. Also look for local free first-time home-buyer seminars in your area.
Mortgage Loan Charlotte - Document Checklist
The loan process is all about documentation. The underwriters usually get the blame for asking for all of this info but its really the guidlines that need to be met. The underwriter is only following the rules and trying to prepare your loan for acceptance and funding on the secondary market. Here is a basic [...]
FHA 203k loan - Increase Energy Efficiency
Insulating your house can can be a great way to conserve energy and reduce your heating and cooling bills. FHA’s 203k home renovation loan can provide you with money for this upgrade and so much more. Today lets talk about the R-Value of your home and exactly what that means for your wallet.
