Posts tagged as:

mortgage loan

What to do about PMI

So, you have a mortgage with PMI, or Private Mortgage Insurance.  How can you get rid of it?  There are a few ways, and you find, you are actually better off paying PMI than the alternatives. In general, if you have a mortgage loan with PMI, you have to pay it until you get to [...]

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What is going on with Jumbo Mortgages in Charlotte?

A frequent question I get – what is the Jumbo Mortgage market like? Over the past year, those who qualified for loans that conformed to Fannie Mae guidelines (Conforming loans), saw very low interest rates and pretty streamlined approvals – you just needed to have documented income, a down payment of 3.5% to 20%, and [...]

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What are your Rates?

For many people the first question they ask a mortgage loan officer is, “What are your Mortgage Rates?” When I get this question, I could flippantly choose between any of these answers: A. That Depends A. Anywhere from 1% to 10%, what would you like them to be? A. 5% plus or minus A. Rates [...]

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Another Lending change that will affect many homeowners

If you happen to have an FHA loan on your home, an important benefit that you have is about to be taken away.  FHA loans currently have an option of a ‘Streamline Refinance’, which is a great way to lower your interest expense with very little hassle, paperwork or uncertainty. This month, the FHA announced changes [...]

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