Beware of Unsolicited Letters Suggesting Potential Mortgage Audit Refunds

I have been contacted by several homebuyers and homeowners with questions about letters being received by them in the mail from “Mortgage Auditing Program, Division of A.M.T.” These letters are being received all over the county and they get the attention of homeowners by offering risk free mortgage audits that can lead to potential refunds due […] Read more »

Can You Buy Before Selling Your Home?

can you buy before selling your home

A lot of people want to buy a new home in today’s market to take advantage of these crazy low prices and interest rates.  The problem is selling the home they already own.  For some, this totally blocks them because they can’t afford to buy a new home without selling, but some owners believe they […] Read more »

FHA Lowering Loan Limits in Charlotte NC

FHA is lowering existing loan limits for single family housing in Charlotte MSA from $303,750 to $271,050.  This change is set to go into effect on October 1st, 2011.  Although I am not happy about the change I seriously doubt it will have any real impact on the local housing market and here’s why… Read more »

How to Avoid PMI

Avoid PMI

First let’s talk a little about what PMI is and why lenders require it.  PMI stands for private mortgage insurance.  When most homebuyers hear the term insurance they immediately think it is for their benefit.  It gets associated with mortgage life insurance that pays off the mortgage in case they die, but PMI does not […] Read more »