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charotte nc mortgage advice: Financing Charlotte Homes: What is an FHA 203(k) Rehab Loan? - 04/10/11 02:43 PM
Financing Charlotte Homes:  What is an FHA 203(k) Rehab Loan? There has been much talk lately of the 203k rehab loans offered through the Federal Housing Administration (FHA).   These loans have been around for quite some time but, have recently become a more popular form of financing due to the increase in distressed/foreclosure properties in the Charlotte area.  If you’re rehabbing a Charlotte home, it might be just the best loan for you. What is a 203(k) Loan? The FHA developed the 203(k) program to help revitalize/rehabilitate homes throughout the country.  This program provides insured loans that can also be used … (2 comments)

charotte nc mortgage advice: Which Type of Mortgage Lender Do You Use? - 01/13/11 09:56 PM
Which Type of Mortgage Lender Do You Use? One of the least understood aspects of Charlotte home loans is the different types of lending that is available to buyers.  Most buyers mistakenly assume they have to obtain a home loan from a traditional savings and loan.  There are several different types of lenders; here are the main types of mortgage lenders and how each of them function: Mortgage Bankers:   Mortgage bankers are loan originators that operate with the sole objective to sell the loan they create to another source. Even though they will sell the loan they must have the … (19 comments)

charotte nc mortgage advice: Charlotte NC Buyers Q&A: What is PMI ? - 12/22/09 08:01 AM
What is PMI ? Should buyers place a down payment of less than 20% on their new home purchase, they are required pay for Private Mortgage Insurance (PMI).
 
Private Mortgage Insurance protects the lender in the event that one doesn't make their mortgage payments.  If the homeowner fails to pay, the bank will foreclose upon the property.  The insurance company will then pay the bank the difference between 20% and the amount actually put down on the property.  
 
For example, if you only put down 5% and default on your mortgage, the insurance company will pay the bank/lender … (11 comments)

charotte nc mortgage advice: What's YOUR Credit Score? - 11/16/08 02:01 PM
What's YOUR Credit Score? What's YOUR Credit Score? Do you KNOW the importance of having an accurate report and a good credit score but, don't have any idea what your credit score is, nor what is on your report? If you're a buyer, sitting on the fence and afraid to make that jump into the homebuying process, why not check your own credit?   A good credit report and high credit score gives you the power to negotiate a better interest rate on your loan. Even those in search of a job or a lease have their credit report pulled--why not be … (12 comments)

charotte nc mortgage advice: Debe's Dozen (Things to Do in Charlotte NC) - 11/14/08 04:51 PM
Things to Do in Charlotte NC Debe's Dozen (Things to Do in Charlotte NC) Whether you live in our beautiful city or are contemplating a move to Charlotte NC, you've probably found that there is so much to do here!  Below is a list of a dozen things to see and do here in Charlotte, including local cultural, entertainment and sporting links:
Charlotte Arts and Entertainment Afro-American Cultural Center Blumenthal Performing Arts Center Charlotte Symphony Children's Theatre of Charlotte Discovery Place ImaginOn Mint Museum of Art North Carolina Dance Theatre  Charlotte Sports Carolina Panthers – NFL team Charlotte Bobcats – NBA … (21 comments)

 
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Debe Maxwell - Search Charlotte Homes for Sale - Charlotte NC Neighborhoods

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