From the category archives:

Home Buying

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: [...]

Read the full article →

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.

Read the full article →

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 [...]

Read the full article →

Mortgage Rates This Week

Conforming and FHA mortgage rates rose for the first time in 5 weeks last week, pulling mortgage pricing off its best levels of the year.

Read the full article →

ARMs and Interest Only Loans aren’t for Everyone

For the first time this year, Fannie Mae announced significant updates to its mortgage underwriting guidelines. The changes include newer, harsher ARM qualification standards, the elimination of a once-popular loan product, and tighter rules for interest only mortgages.

Read the full article →

← Previous Entries

Next Entries →

var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-23005174-2']); _gaq.push(['_trackPageview']);(function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })();