Is it Time to Buy Real Estate in Charlotte?

Charlotte Home

Across the U.S. the housing market has been a mess.  We have all heard about or even witnessed the bankrupt home builders, bank failures, and foreclosure plagued neighborhoods.  A housing bust seemed impossible back in 2006, but here we are and many people are wondering when will all this end? I think there is reason for hope!  […] Read more »

The Truth about Mortgage Rates Part 3

Mortgage Rates

The Federal Reserve or “FED” does NOT directly set mortgage rates. I know its a shocker, but the media is usually all wrong when talking about what moves rates. You have probably heard it mentioned on the evening news that rates are higher because of the “FED” but this is actually all wrong and many […] Read more »

Charlotte Mortgage Rates are LOW!

Mortgage rates have been remarkably low for some time now, but many “experts” thought they would be higher by now.  I am not going to go too far into the subject of what drives rates because that is a whole different topic, but in general the economy drives rates.  If the economy is really good […] Read more »

Benefits of a VA Home Loan in Charlotte NC

What are the advantages of a VA home loan? There are several key advantages to VA home loans that people tend to overlook because there is a little extra paperwork involved.   The first thing I want to make clear is that VA mortgages are NOT hard to obtain, and if you are a veteran you […] Read more »

FHA Increases Annual Mortgage Insurance Premiums

FHA has decided to increase the Annual Mortgage Insurance Premium 25 basis points starting April 18th, 2011.  The annual MIP is collected in the borrower’s monthly payment.  Right now the annual fee is 90 basis points, which would be $900 on every $100,000 borrowed or $75 per month.  A borrower’s monthly payment would increase $20.83 […] Read more »