100% Financing is still available!! - 10/24/08 06:28 PM
Many lenders have stopped offering 100% financing but Myers Park Mortgage has it for Charlotte, NC!
With a credit market that is affecting which programs lenders offer, homebuyers are reluctant to move forward right now because they fear rates are high or they will be required to put too much money down.  This is a MYTH that has been spread because of the media madness lately about the credit crisis.  
The TRUTH is that mortgage lenders are still lending and Myers Park Mortgage is still offering several 100% financing programs in the Charlotte real estate market.  We are offering 100% … (1 comments)

Mortgage Rates for North Carolina - 10/09/08 11:12 AM
Mortgage Rates move higher even though stocks are down!
In a typical market, if stocks are getting killed mortgage rates improve.  We are NOT in a typical market.  The driving force behind conforming mortgage rates (Fannie, Freddie, FHA, etc...) are mortgage bonds, also know as Mortgage Backed Securities (MBS). 
In the investment world, mortgage has become a four letter word.  Even though they offer a good return and far less risk than stocks, investors are too afraid to put money into anything with the word "mortgage" right now.  That causes rates to move higher.
This is NOT a rate quote!  This … (0 comments)

Is anyone still lending money?? - 10/02/08 01:17 PM
YES!  YES!  YES!
Consumers have gotten the idea that mortgage lenders don't have money to lend!  NOT TRUE.
I am a lender in Charlotte, NC, and we are doing just fine.  Rates are low and loan programs haven't changed all that much.  The main scenario that have gotten tough to find or more expensive are:
Stated Income Investment Properties Condos (a little tougher but still available) Buying new homes before current home is sold (holding 2 homes) People looking to buy for the first time can find plenty of financing programs.  Credit guidelines have gotten a little more strict but not … (6 comments)

 
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Olan Carder

Charlotte, NC

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Fairway Independent Mortgage

Address: 8430 Read Road, Suite E, Charlotte, NC, 28277

Cell Phone: (980) 721-7478

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