charlotte mortgages: 100% USDA Financing Still Available exclusively from Gabe Libutti at Dover Mortgage! - 07/19/10 07:19 AM
Dover is still closing and funding 100% USDA loans!
 Most people who've heard of the USDA loan program think that it´s strictly limited to highly rural areas, but in fact, it´s available in many locations that are commonly thought of as much more suburban. With the program available in most areas of Iredell, Rowan,Cabarrus, Catawba and other Rural Counties, it´s definitely in your best interest to learn more about it.  The USDA guaranteed home loan program is a fantastic opportunity that makes it easier for moderate income families to afford their own home.  Dover offers this program in NC, SC, VA … (0 comments)

charlotte mortgages: Still Closing FHA Purchases in less than 3 weeks! Gabe Libutti from Dover Mortgage Company! - 05/25/10 08:00 AM
Treasury rates' 'amazing' slide continues
NEW YORK (CNNMoney.com) -- Treasury prices rallied Tuesday and yields touched recent lows as confidence in the global economy sank and investors flocked to the safety of the bond market.
The overall fear in the marketplace has fueled Treasury prices and significantly pressured yields over the past month. While the 10-year yield was about 4% a month ago, it is now hovering near 3%, signaling a plunge in risk appetite.Treasurys are viewed as low-risk investments since they are backed by the U.S. government, and are therefore particularly attractive during times of economic uncertainty.
"It really is … (0 comments)

charlotte mortgages: Should FHA home loans be more expensive? NO!!!!!!!!!!!!!!!!!!!!!!! - 12/02/09 06:30 AM
The federal mortgage insurer's reserve fund has slipped below its mandated minimum. Now the FHA and some lawmakers want to raise up-front costs for borrowers. Should it be more expensive to get a mortgage insured by the Federal Housing Administration? That is the question the House Financial Services Committee is examining on Wednesday afternoon. Currently, FHA loans comprise more than 30% of the entire home-loan market. But as some of those insured loans have defaulted, the FHA loan-guarantee fund has slipped below the Congressionally mandated 2% level. As a result, some lawmakers are suggesting that FHA loans need to be more … (0 comments)

charlotte mortgages: 30 Year Fixed Rate at 4.375%. Refinance Now! - 11/30/09 05:30 AM
Option ARMs: Housing recovery killer? An explosion of foreclosures will result from option ARMs set to reset to higher payments. Rates provided by Bankrate.com. NEW YORK (CNNMoney.com) -- Option-ARMs: File under, "It sounded good at the time." These exotic mortgages allowed homebuyers to come to closing with little cash and choose, monthly, how much to pay: interest and principal, interest only, or a minimum amount less than the interest due. Of course, the last option is the one 93% of option-ARM buyers selected, according to a new report released this week by Standard & Poors. But eventually, everyone has to pay … (0 comments)

charlotte mortgages: Gabriel Libutti! Your HUD Repo Specialist Nationwide! 203B, 203B with Repairs and Hud 100 Down! - 11/03/09 04:36 AM
Is it time to dump your ARM? Some 1.5 million adjustable-rate mortgages reset soon. If yours is one of them, you need to decide whether to lock in your rate and refinance into a new loan. (Money Magazine) -- If you are among the 6.5 million homeowners who took out a low-rate adjustable-rate mortgage during the housing boom, you've probably spent the past couple of years waiting for your day of reckoning to come. After all, you've probably heard repeated warnings that when your ARM resets your payments would spike dramatically: an especially big problem if you used a low-rate ARM … (0 comments)

charlotte mortgages: $8000 First Time Homebuyers Credit! Still time to close before deadline! - 11/02/09 02:38 AM
$8,000 home credit still in play Negotiations about whether and how to extend and expand the tax credit for homebuyers are moving quickly. Here are the latest developments. NEW YORK (CNNMoney.com) -- Confused about whether lawmakers will extend the $8,000 first-time homebuyer credit and what it would look like? That's understandable, since the situation is still very fluid. Here's where things stand. Support for the credit: There is still bipartisan support in Congress for extending the credit past Nov. 30 and making it available to more homebuyers. The Obama administration wants the credit extended for a "limited period," Treasury Secretary Tim … (0 comments)

charlotte mortgages: 96.5% ltv Construction Lending Nationwide with 620 Credit Score! - 10/28/09 06:23 AM
Surprise drop in new home sales Sales of newly constructed homes fell 3.6% in September, after five months of gains, according to a government report. NEW YORK (CNNMoney.com) -- Sales of newly built homes fell unexpectedly in September after rising for five straight months, according to government figures released Wednesday. The Commerce Department said new home sales fell 3.6% to a seasonally-adjusted annual rate of 402,000 last month, from a downwardly revised rate of 417,000 in August. It was the first time new home sales declined since March. Economists surveyed by Briefing.com had expected September new home sales to rise to … (0 comments)

charlotte mortgages: 96.5% Construction to Perm-203 K Alternative from Gabriel Libutti and American Home Bank - 10/28/09 06:11 AM
Foreclosures: 'Worst three months of all time' Despite signs of broader economic recovery, number of foreclosure filings hit a record high in the third quarter - a sign the plague is still spreading. NEW YORK (CNNMoney.com) -- Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter, according to a report issued Thursday. "They were the worst three months of all time," said Rick Sharga, spokesman for RealtyTrac, an online marketer of foreclosed homes. During that time, 937,840 homes received a foreclosure letter -- whether a default notice, auction notice … (0 comments)

charlotte mortgages: Renovation Loans with a 620 Credit Score up to 96.5% LTV! - 10/26/09 05:57 AM
Pick the right pro at the right price To keep a lid on home-improvement costs, hire only the expertise you really need. (Money Magazine) -- For anything from a small upgrade to a major remodeling job, perhaps the most important decision you'll make is whom to hire. You'll seek out a top-notch worker with a stellar reputation, of course, but first you'll have to decide what kind of expert you're looking for. That choice can have a dramatic effect on the cost of your project. Whether you're wondering if you really need an architect to design your new den or debating … (0 comments)

charlotte mortgages: Lets expand the $8000 tax credit for all home buyers! - 10/15/09 04:33 AM
Push on to expand $8,000 tax credit Some want to expand the tax credit for homebuyers. Supporters say it could stem price declines. Critics say it would just be a costly, temporary fix. NEW YORK (CNNMoney.com) -- Congress is considering proposals to greatly expand a soon-to-expire $8,000 tax credit for first-time homebuyers -- potentially applying it to all but the wealthiest homebuyers. Supporters say doing so would further boost home sales, stabilize housing prices and generate jobs. Opponents say extending and expanding the credit would be a waste of money and only temporarily stave off further price declines. The credit now … (0 comments)

charlotte mortgages: Mortgage Rates at Historical Lows! Gabriel Libutti from American Home Bank! - 10/13/09 05:39 AM
Mortgages under 5% are back in bloom With one of the key measures below the benchmark for the second week in a row, would-be home buyers face the best rates since the spring. NEW YORK (CNNMoney.com) -- The possibility of securing a mortgage rate below 5% has greatly improved in recent weeks, in a positive sign for would-be home buyers. Home mortgage rates fell for the sixth straight week, according to two key measures, with one of them pointing to a sub-5% rate for the 30-year fixed loan for the second week in a row. Freddie Mac's (FRE, Fortune 500) weekly … (0 comments)

charlotte mortgages: Renovation Loans Nationwide! Sell those scratch and dent properties with this amazing product! - 10/02/09 12:25 AM
Home sales contracts in 7-month rally Realtors' index rises 6.4% in August for 7th straight gain as tax credit deadline boosts activity. Homebuyers signed more sales contracts in August than in any month this year, boosted by the looming expiration of a homebuyers' tax credit, according to an industry report released Thursday. The August Pending Home Sales Index from the National Association of Realtors (NAR) surged 6.4%, the seventh straight month-over-month improvement in the indicator. The increase far exceeded economists' expectations -- a panel of analysts surveyed by Briefing.com had forecast a 1% rise. Pending home sales rose 3.2% in July. … (0 comments)

charlotte mortgages: FHA Construction Loans with a 620 credit score up to a 96.5% LTV! Exclusively from Gabriel Libutti at American Home Bank! - 10/02/09 12:20 AM
Manhattan home prices flattening After substantial drops over the past year, Big Apple prices stabilized during the third quarter. NEW YORK (CNNMoney.com) -- The cost of entry onto crowded Manhattan island, one of the most expensive real estate markets in the nation, may have gotten a little steeper in the past three months. Or not. Reports released Friday by four of the city's biggest real estate agencies showed very different results. By one calculation, the median price of a home rose 1.7% to $850,000 in the past three months; but another expert said it declined by 1.8% to $791,000. Jonathan Miller … (0 comments)

charlotte mortgages: Freedom in the Park today. Dont let the rain spoil the fun! - 09/26/09 04:25 AM
Don't Forget Festival In The Park, Freedom Park...This Weekend!

Since 1964, Festival in the Park has been bringing good music, good art and good times to Charlotteans and visitors from around the world. The sounds of "big band music" drift across Freedom Park's lake whose still surface reflects the lights strung from Camelot exhibit tents.  

The scents of a variety of food fill the air, as small children with painted faces happily produce their first art work. Others find the many talented artists who can create an original work of art to grace their home or to give as the … (1 comments)

charlotte mortgages: FHA Loans Nationwide! Gabriel Libutti from Americna Home Bank! - 09/23/09 07:10 AM
Need a mortgage? Consider an FHA loan Government-insured Federal Housing Administration loans now make up about 25% of the mortgage market. Here are five things you need to know. 1. Chances are good that you'll come across one. During the heyday of no-money-down lending, you were unlikely to have a buyer using a government-insured Federal Housing Administration (FHA) loan, which lets borrowers purchase a home with a down payment of as little as 3.5%. Now FHAs are the only game in town for anyone who can't put down the minimum 10% many banks require to get a conventional loan. About a … (0 comments)

charlotte mortgages: gabriel libutti and american home bank are stronger than ever. Products, stability and strength! - 09/20/09 02:48 AM
Federal Reserve's '5 Tips for Shopping for a Mortgage' by Broderick Perkins Financing the purchase of a home could be the most complex financial decision you'll every endure. You need all the help you can get. To help get you started with the basics, the Federal Reserve offers "5 Tips for Shopping for a Mortgage," because, well, the fundamentals always apply. Don't bite off more than you can chew. Check your budget. You must have a budget so you can estimate what you can afford to pay for a home, including the mortgage, property taxes, insurance, and monthly maintenance and utilities. … (0 comments)

charlotte mortgages: Construction to perm Loans up to 96.5% with a 620 Credit Score! gabriel libutti has it - 09/20/09 02:39 AM
Quality of home construction on the rise Customer satisfaction with newly built, single-family homes is increasing after sagging in boom years. NEW YORK (CNNMoney.com) -- Builders may not be putting up as many houses as they did during the boom, but what they are building, they're building better. According to the J.D. Power and Associates 2009 U.S. New-Home Builder Customer Satisfaction Study, overall customer satisfaction increased for the second consecutive year, up 32 points to 811 on a 1,000 point scale. Satisfaction with the quality of the home also grew, to 825 up from 799. The rate of customer-reported problems dropped … (2 comments)

charlotte mortgages: Portfolio Jumbo Loans in all 50 states by Gabriel Libutti from American Home Bank! - 09/18/09 04:52 AM
Luxury real estate vultures A Fortress Investment veteran is now at an auction house that hopes to feed off of distressed estates. (Fortune Magazine) -- When an ex-managing director of hedge fund Fortress teams up with Sotheby's in a real estate venture, you know something funny is going on in the luxury residential market. But that's basically what happened last month when George Graham, formerly of Fortress's Drawbridge Special Opportunities Fund, joined a real estate auction house that works closely with Sotheby's (BID) International Realty and other firms to sell off luxury homes. Graham is CEO of Concierge Auctions, founded in … (0 comments)

charlotte mortgages: Construction loans for less than perfect credit! Gabriel Libutti at American Home Bank! - 09/18/09 01:48 AM
Builder confidence up, but tax fears loom An industry group says the nascent recovery in residential real estate could be derailed if a popular credit isn't renewed. NEW YORK (CNNMoney.com) -- An index of home builders' confidence rose in September for the third month in a row, but an industry group said Wednesday the fragile residential real estate market recovery could be cut short if a popular government tax credit isn't extended. The National Association of Home Builders said that its Housing Market Index, which it compiles for Wells Fargo, rose one point last month to 19 -- the highest level … (2 comments)

charlotte mortgages: Subprime Mess! Lets put Countrywide Ex-CEO in Jail already! - 09/16/09 12:25 AM
Where are the subprime perp walks? Three years after the housing bubble popped, prosecutors have yet to bring a major case tied to the subprime fiasco. What gives? NEW YORK (Fortune) -- Where are the perp walks for the subprime mortgage executives that dragged us into this mess? Three years after the housing bubble popped, federal prosecutors have yet to bring a case against the executives whose firms took part in some of the worst excesses of the subprime mortgage market. It's not like there's a shortage of abuses to investigate. The landscape is littered with the wreckage of financial institutions … (2 comments)