Mortgage in Charlotte NC
Information about mortgage and home loans for North Carolina, specifically serving Charlotte, Matthews, Lake Norman, Huntersville, Pineville, Cornelius, Monroe, Gastonia, Concord and the sourrounding areas.
ARCHIVED BLOG POSTS
2007
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An interesting article appeared in Friday's Charlotte Observer. Due to copyright laws, I can not do a simple copy/paste, so I will do my best to summarize for you. The article can be found online at www.Charlotte.com, at least for the time being.In an article titled "Price trends? Area stats amon...
11/25/2007
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For those of you in the Charlotte area, especially in Ballantyen and Pineville, my son's Cub Scout pack will be offering a tree removal service to take away your Christmas trees after the holidays. I believe it is just a donation to the pack that is required. All money raised is used to support t...
11/21/2007
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For those of you in the Charlotte area, especially in Ballantyen and Pineville, my son's Cub Scout pack will be offering a tree removal service to take away your Christmas trees after the holidays. I believe it is just a donation to the pack that is required. All money raised is used to support t...
11/21/2007
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"Ask and ye shall receive"I recently posted about the delivery fees that Freddie Mac will be imposing on loans with score below 680 and LTV's above 70%. With that report, I have been asked several times how this will work... Will the borrower need to have an additional 2% for closing? Will this b...
11/21/2007
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This week Inside the Money:Freddie Mac announces Higher Costs for MortgagesFreddie Mac announced that beginning March of 2008, it will impose "delivery fees" to lenders that write loans with credit scores below 680 and with loan to values over 70%. The fees will range from 0.75% to 2% of the loan...
11/21/2007
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When applying for a mortgage loan, one of the major considerations is the value of the home. After all, a lender will not want to lend more money on a home than it is worth. So to establish its value, a licensed appraiser will be normally required to perform an appraisal of the property.Typically...
11/20/2007
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Earlier today I posted about the fact that Freddie Mac had announced new "delivery fees" that they are planning to require beginning March of 2008. I just read an article in the news that might expain why this is...According to the Associated Press, Freedie Mac lost $2 billion in the 3rd quarter,...
11/20/2007
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I have decided that each and every week I will submit a post highlighting someone within our community that does an outstanding job and deserves a pat on the back. Normally I would do this on Thursday (yes, I have a schedule for these things!) but with Thanksgiving hitting us this week, I did not...
11/20/2007
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Happy Thanksgiving to All!Just a quick update as to my hours over the next couple days.I will be in on Wednesday November 21 from 9:00 am until about 12:00 noon. After that I am heading home to prepare for our Thanksgiving Dinner. We will be celebrating Thanksgiving on Wednesday at our home due t...
11/20/2007
I just got word that Fannie Mae and Freddie Mac are about to raise the cost of obtaining a mortgage! This is not a normal rate fluctuation we are talking about. What is being proposed and expected is that there will be a add-on "delivery fee" charged by Fannie and Freddie to accept a loan from th...
11/20/2007
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The articles, reviews and stories written and published on this website are simply the opinions of Ed Nailor. While Ed Nailor has professional experience as a mortgage loan officer, the information posted on this website should not be taken as personal counsel or an endorsement of anything. For mortgage related counsel or advice to be meaningful and effective, one must sit down one on one with a professional to discuss the particulars of their situation. Ed Nailor can not be held liable for any decisions you make as a result of what you might read or infer on this website. Proud supporter of the Right to Free Speech.