real estate: Half Priced Homes for Firefighters - 04/24/08 01:00 AM
Charlotte Area Firefighters: You too can buy a home for Half Price!
Yes, that's right. You can own a part of the city you risk your life to protect, and own it for only half price. As a full time Charlotte Firefighter, you can buy select HUD owned homes for 50% off!
Say you find a home that HUD is selling for $140,000. Using this special program aimed to give back to Firefighters in the Charlotte area, you can buy this home for only $70,000 and the rest is yours to keep! The selection is constantly changing and homes are typically available throughout … (1 comments)

real estate: Teachers: Buy a home for Half Price - 04/24/08 12:48 AM
Attention Charlotte NC area School Teachers.
Did you know that you have the ability to purchase a Charlotte HUD home for only 50% of the list price? That's right! Using the Good Neighbor Next Door program, Charlotte area teachers can buy a home for half price. In addition to that, Charlotte teachers can take advantage of special Charlotte mortgage loans that require no money down and come with some of Charlotte's lowest mortgage rates!
There are a few restrictions and items you need to be aware of. So for more information on this program and how you can get pre-approved to take advantage … (5 comments)

real estate: Indian Trail, NC | For Sale - Immaculate Home In Crismark For Only $199,700!! - 03/26/08 01:57 PM

real estate: Homes Sales are up! Did you hear? - 03/24/08 04:41 AM
The Associated Press reported today that existing home sales rose in Feb, surprising economists who expected another month of declines.
This is great news for our nation! We are all in a buyer's market and hopefully fear is beginning to lose its grip on Americans.
Visit for more information on how this affects Charlotte Real Estate and Mortgage Loans
Brought to you by Ed Nailor - Charlotte Mortgage Lender
Call 704-651-8704 for your free mortgage consultation, or get pre-approved for a Charlotte mortgage online.

real estate: Concord NC is Growing. Find out why... - 03/21/08 02:50 PM
Concord NC - part of the 29th Fastest Growing County in America
Recent census stats show that Cabarras county is among the fastest growing counties in the country. Growth in Cabarras county can be attributed to the solid real estate market, great Concord area mortgage options, great shopping and entertainment, and fantastic climate!
There are so many reasons to consider moving to Concord NC and Cabarras county. If you are considering a move to the Charlotte North Carolina area, give Concord a shot. You may be one of the many people that have recently called Concord, NC home!
More information: Concord NC and Cabarras County Growth

real estate: Newspaper Ads? What is that? - 03/10/08 01:21 AM
A few years ago, one look at the Charlotte Observer's classified ads and you would think that everyone in Charlotte was selling their home! It would take multiple pages to hold all the homes for sale.
But today, I just noticed something. The Observer's real estate classified ads section is very small. So small in fact that they have had to sell a "special insert" to one of the largest companies selling real estate in Charlotte in order to appear to still offer real estate ads!
So why the decline?
Well it is certainly not due to a lack of homes for sale. Charlotte … (8 comments)

real estate: Union County Taxes and Values - 03/10/08 01:05 AM
By roughly March 17, some 90,000 Union County homeowners and property owners will be notified of Union County's new values. The county is revaluating property values and has indicated that 90,000 residents and owners will be notifed of a change in their value... most likely an increase.
For more information about this notice and what it means to Union County property owners visit: Union County Real Estate and Taxes
Brought to you by The Ed Nailor Mortgage Team, providing Charlotte area mortgage loans

real estate: Charlotte Home Search Tips - 03/05/08 02:16 PM
If you are considering buying a home, here are some great tips for your Charlotte Home Search:
Search Online. Many home buyers are searching for Charlotte homes using the internet. With so many websites available, you will find many options to help.Ask a Realtor. Here on Active Rain, you have access to hundreds of Realtors. This website will give you access to research many agents at once. Realtors have access to the MLS, but can also assist your Charlotte home search with their knowledge of the area and the market.... more tips to help your  Charlotte Home Search
Ed Nailor - Charlotte … (1 comments)

real estate: The Return of Traditional Underwriting - 03/04/08 05:32 AM
Traditional Underwriting has Returned.
Even in an FHA mortgage loan, lenders are really looking at loan applications in a traditional sense. They want good credit, solid assets and a compelling reason to say yes. Above all, credit history is the most influential component for an approval.
Long known for the manual underwriting flexibility of the FHA mortgage program, many underwriters and lenders are getting tougher on mortgage applicant's credit. Recently, a man with 7 years on the job, 16 months worth of reserve savings (that's a balance in savings that is 16 times the monthly mortgage payment), low debt to income ratios (meaning … (2 comments)

real estate: Why underwriting is tighter - 02/20/08 12:58 AM
Have you noticed lately that loans are a bit tougher to close today? It seems that things we used to be able to get around are now road blocks. I have been asked why this is, and without giving the obvious "its the market" answer, I dug a bit deeper to help people understand what is happening.
What many people do not realize is that there is a great deal of pressure and the responsibility placed on underwriters to make sure the loans they approve do not default. Take FHA underwriters for example.
FHA underwriters must go through training to be qualified and approved … (8 comments)

real estate: You call that news??? - 02/13/08 07:28 AM
Good grief!
The news media never ceases to amaze me!
Folks, if you think you are getting any real news when you tune in, please think again. In a recent article I posted at, I discussed how the news media is using misleading headlines in order to sell ad time. The evidence I witnessed last night was overwhelming!
It is sad that today our news media is more focused on headlines that keep you glued, than on actual facts and real stories. So many reports are now laced with conjectures, assumptions, and what-ifs. And then there is the blatant misleading of the general … (3 comments)

real estate: Virtual Tour for 7439 Autumn Trail Drive - 01/30/08 01:10 PM
This virtual tour is brought to you by The Ed Nailor Mortgage Team.
More Info: For Sale: 7439 Autumn Trail Dr, Charlotte, NC
The Ed Nailor Mortgage Team of Charlotte, NC
Charlotte Homes for Sale
Call 704-651-8704 or visit

real estate: And if Buyers don't want to buy.... - 01/30/08 09:23 AM
If the fans don't wanna come out to the ballpark, no one can stop 'em.  - Yogi Berra
"and if Buyers don't wanna buy...well, that's just silly!" - Ed Nailor
What an amazing time we are in! The market is ripe for the taking and the entry fee is lower than it's been in years! Such opportunity awaits... it would be foolish to sit on the sidelines waiting to see what happens next.
What am I talking about?
Now is THE time to buy!
This message brought to you by the Ed Nailor Mortgage Team of Charlotte, NC
Providing the Best Charlotte Mortgage Programs and Charlotte … (8 comments)

real estate: Weddington Manners - 01/23/08 11:55 PM
Today on my way in to work, I had to take a more scenic route. I am glad I did, as I was exposed to something I normally would not see in "rush hour" morning traffic.
Weddington, NC is a quiet town just outside of Charlotte, NC in Union county. It is one of the fastest growing areas and is attracting many affluent people. The charm of the town and the rural feeling really add to the experience there. One of the smaller drawbacks is the main road in and out. Hwy 16 is a simple 2 lane road which gets very … (1 comments)

real estate: Not so sexy topic: PMI - 01/17/08 02:30 AM
For most people, private mortgage insurance is the only way they will be able to buy a home or refinance their existing mortgage! So with something so critical to this process, maybe we should discuss it a bit, don't you think?
PMI is short for Private Mortgage Insurance. This is an insurance policy that protects the lender in case of default of the borrower. The idea is that if a home owner loses their home to foreclosure due to lack of repayment, the bank will only get a portion of the money they lent back when the home is sold. Private mortgage … (1 comments)

real estate: Security Violation - 01/16/08 05:15 AM

As a mortgage professional, I go out of my way to take care of my clients. When it comes to their security and their privacy, I leave nothing to chance. So when I recently visited a local Realtor's website and looked around their website, I was shocked at what I found.
The Realtor offered a pre-approval form on their website, but it was not secured in any way! As a matter of fact, the agent's website is a "template" style site hosted by one of the larger real estate focused website companies!
Read why Mortgage Applications Should be Secure and add your comments there … (18 comments)

real estate: Another Underwriting Change - 01/14/08 11:40 AM
Chase, one of the leader wholesale lenders, has announced some big changes and modifications to their product line up.  
Here are a few of the highlights: Elimination of their Alt A Products Elimination of the MyCommunityMortgage Interest Only Product Increase of Min Credit Scores for Non-Agency 30 and 40 year loans and Interest Only Loans Elimination of 100% Combo loans - Max combined max combo loans ( 95% Agency, 90% non-Agency) Elimination of all Non-Traditional Credit Elimination of internal underwriting of stated income loans Major changes to products in "declining markets" (which Charlotte is NOT!) These changes are being made in light of … (3 comments)

real estate: Chickens and Pigs / Real Estate and Mortgages / What??? - 01/13/08 03:49 AM
A chicken and a pig were walking down the road. Soon they were both very hungry. In discussing what they should eat, the chicken came up with a solution. "Let's eat eggs and bacon. We have all we need right here!" The pig was not so excited with this suggestion. "For you, it's a simple donation," said the pig. "For me, it means total commitment!"
So what has that to do with mortages or real estate?
It has EVERYTHING to do with mortgages and real estate! Click the link to read more. Feel free to comment there too!
This stimulating thought is brought to … (7 comments)

real estate: Suzy, Suzy, Suzy... - 01/10/08 12:05 AM
Thank you to Eleanor for the inspriation on this post!
A collegue of mine recently expressed frustration in dealing with a client. This client wanted to sell their home, but had recently watched Suzy Orman advise someone NOT to sell right now. As my collegue tried to explain to the client, "We do not live in one of those areas that are suffering from a major declining market", the client seemed to take Suzy's advice more seriously.
Should we listen to Suzy? Or just ignore her? Here is what I had to say >> Read Entire Post
Oh and while you're reading the entire … (9 comments)

real estate: Special Offer for Southpark Buyers! - 01/03/08 12:34 PM
In celebration of the New Year, the Ed Nailor Mortage Team wants to help you make that move a reality!
In many cases, potential home buyers get worried about buying a home. The average home buyer is worried about making the payments and the upkeep. After all, what if something breaks in the first year while you are still adjusting to your mortgage payments?
Warranty Your Purchase!
Well, that's where the Ed Nailor Mortgage Team has you covered! We are going to Warranty your Purchase! Yep... that's right! Your mortgage lender in Southpark is standing behind your home purchase with a warranty! Why? … (0 comments)

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CarolinaMortgageConnection.comDedicated to educating, inspiring and assisting in the American Dream. Information to assist you through the hundreds of mortgage loans available today. Visit my other blogs at Charlotte Homes and Mortgages 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.



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