cornelius nc 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)

cornelius nc 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)

cornelius nc 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)

cornelius nc 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)

cornelius nc 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)

cornelius nc 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)

cornelius nc mortgages: 30 year fixed rates at 4.625% fixed! Unbelievable! .375 below National Average! Gabriel Libutti - 10/07/09 06:55 AM
Mortgage applications jump Industry group says mortgage activity surged 16.4% last week as consumers took advantage of low interest rates. NEW YORK (CNNMoney.com) -- Mortgage applications surged last week as interest rates on home loans remained low, an industry group said Wednesday. The Mortgage Bankers Association said its index of mortgage application volume rose 16.4% last week versus the previous week. The surge in activity came as rates on 30-year fixed rate mortgages, the most widely used loan, remained below 5% for the third week in a row. The average interest rate for 30-year fixed-rate mortgages fell to 4.89% last week … (1 comments)

cornelius nc 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)

cornelius nc 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)

cornelius nc mortgages: Renovation Loans up to 95% Nationwide! By Gabriel Libutti at American Home Bank! - 10/01/09 09:21 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. NEW YORK (CNNMoney.com) -- 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 … (0 comments)

cornelius nc mortgages: Construction and Renovation Lending at its Finest! 96.5% with a 620 Credit Score! - 10/01/09 09:14 AM
Foreclosure blight: The cleanup crawls along Washington put up billions to save blighted areas by buying abandoned homes. But states and cities are having trouble getting properties away from banks. The city of Orlando is one of many localities struggling to rehab homes. Lured back to prime neighborhoods Thanks to sinking home prices, these 5 homebuyers were able to score deals in areas they couldn't previously afford. View photos Quick Vote When will you know that an economic recovery is underway? When the Dow tops 10,000When GDP turns positiveWhen job growth resumesIt's already started or View results NEW YORK (CNNMoney.com) -- … (0 comments)

cornelius nc mortgages: 96.5% LTV Construction to Perm FHA Loan Nationwide! Exclusively from Gabriel Libutti! - 10/01/09 09:08 AM
Home prices gain for 3rd straight month Case-Shiller index shows 1.6% gain in July, a sign that recovery may be in motion. Climbing in July Price trends improved for all 20 cities in the S&P/Case-Shiller Home Price index. City Year-over-year change Change from June Minneapolis -17.3% 4.6% San Francisco -17.9% 3.3% Chicago -14.2% 2.7% San Diego -12.3% 2.5% Atlanta -11.8% 2.3% Washington, D.C. -9.8% 1.8% Los Angeles -14.9% 1.8% Phoenix -28.5% 1.8% Cleveland -1.3% 1.5% Denver -2.9% 1.5% Tampa -18.4% 1.4% Miami -21.2% 1.3% Dallas -1.2% 1.2% Boston -4.9% 1.2% Portland -13.9% 1.1% Detroit -24.6% 1.1% New York -10.3% 0.8% Charlotte … (0 comments)

cornelius nc mortgages: 96.5% LTV Construction to Perm Loan Nationwide! Exclusively offered by Gabriel Libutti! - 10/01/09 08:00 AM
Home prices gain for 3rd straight month Case-Shiller index shows 1.6% gain in July, a sign that recovery may be in motion. Climbing in July Price trends improved for all 20 cities in the S&P/Case-Shiller Home Price index. City Year-over-year change Change from June Minneapolis -17.3% 4.6% San Francisco -17.9% 3.3% Chicago -14.2% 2.7% San Diego -12.3% 2.5% Atlanta -11.8% 2.3% Washington, D.C. -9.8% 1.8% Los Angeles -14.9% 1.8% Phoenix -28.5% 1.8% Cleveland -1.3% 1.5% Denver -2.9% 1.5% Tampa -18.4% 1.4% Miami -21.2% 1.3% Dallas -1.2% 1.2% Boston -4.9% 1.2% Portland -13.9% 1.1% Detroit -24.6% 1.1% New York -10.3% 0.8% Charlotte … (0 comments)

cornelius nc mortgages: 96.5% LTV Construction to Perm Loan Nationwide! Exclusively offered by Gabriel Libutti! - 10/01/09 07:59 AM
Home prices gain for 3rd straight month Case-Shiller index shows 1.6% gain in July, a sign that recovery may be in motion. Climbing in July Price trends improved for all 20 cities in the S&P/Case-Shiller Home Price index. City Year-over-year change Change from June Minneapolis -17.3% 4.6% San Francisco -17.9% 3.3% Chicago -14.2% 2.7% San Diego -12.3% 2.5% Atlanta -11.8% 2.3% Washington, D.C. -9.8% 1.8% Los Angeles -14.9% 1.8% Phoenix -28.5% 1.8% Cleveland -1.3% 1.5% Denver -2.9% 1.5% Tampa -18.4% 1.4% Miami -21.2% 1.3% Dallas -1.2% 1.2% Boston -4.9% 1.2% Portland -13.9% 1.1% Detroit -24.6% 1.1% New York -10.3% 0.8% Charlotte … (0 comments)

cornelius nc mortgages: 96.5% LTV Construction to Perm Loan Nationwide! Exclusively offered by Gabriel Libutti! - 10/01/09 07:54 AM
Home prices gain for 3rd straight month Case-Shiller index shows 1.6% gain in July, a sign that recovery may be in motion. Climbing in July Price trends improved for all 20 cities in the S&P/Case-Shiller Home Price index. City Year-over-year change Change from June Minneapolis -17.3% 4.6% San Francisco -17.9% 3.3% Chicago -14.2% 2.7% San Diego -12.3% 2.5% Atlanta -11.8% 2.3% Washington, D.C. -9.8% 1.8% Los Angeles -14.9% 1.8% Phoenix -28.5% 1.8% Cleveland -1.3% 1.5% Denver -2.9% 1.5% Tampa -18.4% 1.4% Miami -21.2% 1.3% Dallas -1.2% 1.2% Boston -4.9% 1.2% Portland -13.9% 1.1% Detroit -24.6% 1.1% New York -10.3% 0.8% Charlotte … (0 comments)

cornelius nc mortgages: 96.5% Construction to Perm loans with a 620 Credit Score from gabriel libutti - 09/28/09 03:33 AM
Homes: Sell at a loss, buy at a discount Jennifer Galdes wants to buy a home in a better neighborhood, but is now the right time? The month Jennifer Galdes moved into her condo in the Albany Park section of Chicago, the local paper suggested that the area was up and coming. Six years later, she's still waiting for a Whole Foods. Galdes, a self-employed publicist, longs to trade up to a similar-size (2,000-square-foot) apartment in a tonier neighborhood. With area condo prices down 16% since their peak, according to S&P/Case-Shiller, she sees her chance. The catch: She'll have to unload … (3 comments)

cornelius nc mortgages: Subaru River Jam Concert Series at the US National Whitewater Center going on now! - 09/27/09 12:57 AM
The Subaru River Jam Concert Series at the U.S. National Whitewater Center features some of the best live music in Charlotte along with great food and drinks and the beautiful Whitewater Center as its backdrop. Here is this summer's band schedule. AllSport Passes. Now you can buy one Pass, and play all day!
Be sure to visit the U.S. National Whitewater Center's website for a complete list of events at the Whitewater Center.
Our goal is to make it easy to get the most out of your visit... that's why we've introduced the new
Our staff is here to help - … (1 comments)

cornelius nc 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)

cornelius nc mortgages: Blues, Brews and Burritos, Downtown Mooresville NC tonight! - 09/25/09 01:02 AM
Finally This Friday...Rain, Rain, Hold Off For This Great Event!!! The Ninth Annual Blues & Burritos will be held on Sept. 25TH. The event is hosted by the law firm of Homesley, Goodman & Wingo, PLLC and takes place on the front lawn of the firm's office in the historic Isaac Harris House at 330 S. Main St., Mooresville. Max Drake and Pat "Mother Blues" Cohen will be special guest performers joining the Part Time Blues Band. Main Street will be closed in front of the office to provide more room for the event. All costs associated with the event are … (1 comments)

cornelius nc 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)