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Do you need to consider Credit Repair?

For some folks, it’s not as easy as simply paying down the balances on a few credit cards to improve their score to where they need it to be. Sometimes, a person needs professional help to get credit scores back to where they should be.  If you have some of the following on your report, [...]

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How much of a Downpayment do you need?

I got two funny phone calls today from Charlotte Real Estate Agents, both asking about down payments.  Since the mortgage crisis started three years ago, the biggest mis-information in the media has been concerning down-payments, with most news articles saying you need 25% or more for a down payment. The first call went like this: [...]

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Should you carry debt in today’s economy?

I’ve been saying for years – Mortgage debt along with other savings is far better than no debt with no savings. In other words, build up your savings and form the habit of saving money, then pay off your mortgage.  apparently, the Wall Street Journal thinks so also: By JANE J. KIM And JEFF D. [...]

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FHA Mortgages: Payments are Going up

In a near-unanimous vote, the House of Representatives gave the FHA power to raise the monthly mortgage insurance premiums it charges to its borrowers.

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Why are rates dropping, and what to do about it

Last week’s jobs report, and the continuing financial woes in Europe, are keeping mortgage rates low in Charlotte and throughout the US. On Friday, after the weak Employment Report, mortgage rates fell to their lowest level on 2010. When rates eventually go back up, it will happen quick.  It could be this weeks $70 Billion [...]

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