North Carolina Teachers deserve Special Treatment
Announcing special mortgage loan financing program for North Carolina Teachers.
My wife is a teacher, so I know first hand the stresses and under-appreciation NC teachers get. They do not get the support or credit they deserve. I may not be able to do a lot to correct that, but I will do my part.
All summer long, I will be offering special mortgage options for North Carolina teachers. With great low mortgage rates and discounted closing costs, I want to help encourage NC teachers to buy a home or refinance their higher rate mortgages.
Combine that with the Good Neighbor Next Door program that allows Teachers to buy homes for half price, this North Carolina teachers mortgage program can help our well deserving teachers and administrators to really save big!
Visit the website for more information on my Carolina Teacher's Mortgage Program at carolinamortgageconnection.com
So you're getting money back from Uncle Same to spend. And yes, the idea is to spend it!
While I think its a great idea to save the money or at least pay off some debt with it, the fact of the matter is that most American's do not save. We spend. That's why the government is so sure you will use it to get the economy going.
So how do you spend while saving? Look for ways to spend the money that will provide returns in savings. One example... replacing a worn out storm door. The newer ones are more energy efficent and can help save you money.
Want more ideas... Check out Spend and Save
_______________________________________
This idea brought to you by Ed Nailor, Mortgage Lender in Charlotte NC
Recently Zillow announced it's Mortgage Marketplace. I have to admit, I am not crazy about the idea of pitting lenders against each other for "blind" annonymous rate quotes. The whole idea of comparing my services against another lender with at best half the facts makes me nervous. Long term I see this giving the lending industry more of a black eye as the "rate shopper" begins to further feel as they have been mislead or lied to.
With rates changing 5 to 6 times a day it only compounds the problem.
That being said, I decided to test the Mortgage Marketplace, first as a "borrower."
I created a profile as John Q Public and submitted a request. I did not get much by way of response and the ones I did get were all over the place. As a borrower I would wonder why that is.
As a lender, I see where a potential borrower would quickly contact the "best rate" offer, even if that may not be the best rate.
I blasted Zillow for this product and claimed I would not be part of this. However, after discovering that the responses left much to be desired, I felt maybe I should try it before completely dimissing it. So to be fair, I have signed up as a Lender and once they have verified my information I will work a few leads and see how things go.
I am reluctant in some ways as I don't like typical "rate shoppers." Not that I can't compete... I usually win. But the borrower usually comes away with a bad taste in their mouth feeling as if they still got taken.
I will give this a little time and then come back and give my honest opinion as to my thoughts. I am sharing this with you all so you don't think I talk out of both sides of my mouth... and if I was wrong, I will admit it.
One of the biggest complaints from Realtors today is that it seems to be taking forever to close a loan, especially the FHA mortgage loans. The average turn time to get a loan submission through underwriting is roughly 21 business days... only counting business days means that's a month!
One of the main reasons for the slower processing of FHA mortgage loan submissions is that too many mortgage brokers that only did subprime mortgages are trying to convert these loans to an FHA mortgage. FHA is not subprime, and while too many past buyers that could have gone FHA were sent to subprime (due to faster turn times and good pricing at the time), loan officers must realize that FHA mortgages are not the same as subprime.
With the sheer volume of "manually underwritten" FHA mortgage loans, lenders are simply getting overwhelmed. There are not enough underwriters to keep up with the submissions, and the ones they are hiring need to be trained.
So what's a Realtor to do?
Get to know who can really do FHA mortgages. Find a local lender that knows how to package a loan properly to get it looked at quickly. Even if it takes a little longer to get it into underwriting, a completed loan package will get clear to close quicker than a half-hearted attempt.
_________________________________________________
For Charlotte FHA mortgage loans, give me a call. I know how to package a loan for fast approval and clearing to get your loans to the closing table fast. Of course, a mortgage loan that needs to be manually underwritten will still take a little longer, but with the attention to detail I bring to the table, you can rest assured that the deal will be submitted with the best possible chance of getting it closed.
Ed Nailor, Charlotte FHA Lender
704-651-8704 or visit carolinamortgageconnection.com
As a HUD approved FHA mortgage lender in Charlotte, Residential Mortgage Center can provide FHA loans, including FHA Secure and FHA Rehab loans, for home owners and home buyers in the Charlotte area (including Concord, Gastonia, Matthews, Monroe, Huntersville and Ft. Mill as well as all of North and South Carolina.)
Apply online for your Charlotte area FHA mortgage loan
or call 704-651-8704 for your free mortgage consultation.
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 Charlotte, NC. To really capitalize on this program though, it is highly recommended that you get pre-approved for the mortgage financing. With low Charlotte mortgage rates and mortgage programs that offer 100% financing, now is the best time for Charlotte firefighters to buy a home in Charlotte.
There are a few restrictions and items you need to be aware of. For those details and to get started, visit Half Priced Homes for Charlotte Firefighters
___________________________________________________
Ed Nailor is a loan specialist with Residential Mortgage Center, a HUD approved Mortgage Lender offering mortgage loans for the Good Neighbor Next Door Program. This program allows Teachers, Firefighters, Law Enforcement Officers and Emergency Medical Technicians in the Charlotte area to purchase a HUD home for half price!
some restrictions apply
Apply online for your Charlotte area GNND mortgage loan
or call 704-651-8704 for your free mortgage consultation.
Because its about more than a mortgage... Its about your Life, your Home. Dedicated to educating, inspiring and assisting in the American Dream. Visit http://CarolinaMortgageConnection.com
Our Mission We are dedicated to educating, inspiring and assisting in the American Dream. Our Core Values A note from Ed Nailor:It's about more than a mortgage...
It's about your life and your home!
I love what I do and take great satisfaction in helping others acheive their goals.
I have worked in the areas of finance and money for many years and have always believed in serving my client's interests over mine. As a mortgage loan specialist, it is my goal to help find you the best solution for your mortgage and financial needs. Working with several lenders across the nation, I have access to hundreds of mortgage programs... some of which are only available on a wholesale basis! Allowing me to work for you will save you the time, frustration and headache of calling 50 lenders and getting 100 different solutions for your one problem. Let me use my experience and expertise to help you.
I have developed a couple websites to help provide more information about myself and also the mortage process. For more information about me or my company, please visit http://carolinamortgageconnection.com/.
That's just a brief description of me professionally. But that's not all of who I am.
I have been a Charlotte area resident since 1999 and absolutely love the area. I am married and have 3 wonderful kids. We attend church at Harrison United Methodist Church in Pineville. Some of my personal interests include whitewater rafting, playing the drums and playing poker. I enjoy good conversation, especially with folks that have an open mind. Of course, there is more to me than this, but that doesn't leave much fun in getting to know someone, now does it? I also love good coffee, if you'd like to grab a cup some day!
So in light of that, I look forward to meeting and getting to know you!
Sincerely,
Here are a few of the programs available for our customers:
Conventional and Jumbo Loans
Conventional loans are secured by government sponsored entities or GSE's such as Fannie Mae and Freddie Mac.
Subprime Loans
Programs for those that have less than perfect credit.
FHA Loans
Programs that help low and moderate income families become homeowners by lowering some of the costs of their mortgage loan.
VA Loans
Loan programs available to those who qualify by military service.
Second Mortgages and Home Equity Lines of Credit
Loan programs to take advantage of the equity in your home.
Fixed Rate Mortgages
A loan program where your monthly principal and interest payments never change.
Adjustable Rate Mortgages (ARMs)
These loans generally begin with an interest rate that is 2-3 percent below a comparable fixed rate mortgage, and could allow you to buy a more expensive home.
Introductory Rate ARMs
Most adjustable rate loans (ARMs) have a low introductory rate or start rate, some times as much as 5% below the current market rate of a fixed loan.
COFI Index
This index is used to determine the interest rate for some types of ARMs.
LIBOR Index
This index is used to determine the interest rate for some types of ARMs.
Balloon Mortgages
Balloon loans are short term mortgages that have some features of a fixed rate mortgage.
Interest Only Loans
"Interest only" products are an easy way to save money and a very popular alternative to traditional fixed rates but they are not without risk. An "Interest Only" loan can offer consumers greater purchasing power, increased cash flow and a number of other benefits.
Graduated Payment Mortgages (GPMs)
The GPM is an alternative to the conventional adjustable rate mortgage, and has a fixed note rate and payment schedule.
Interest Rate Buydowns
The most common buy down is the 2-1 buy down. In the past, for a buyer to secure a 2-1 buy down they would pay 3 points above current market points in order to pay a below market interest rate during the first two years of the loan. At the end of the two years they would then pay the old market rate for the remaining term.
Reverse Mortgages
A reverse mortgage is a special type of loan made to older homeowners to enable them to convert the equity in their home into cash.
Commercial Loans
Loan programs for commercial and investment properties
Find out more at carolinamortgageconnection.com
Common Search Keywords to Find Me
Charlotte Home Loans , Charlotte Mortgage , Homes in Charlotte , Charlotte Real Estate
Ballantyne home loans , Ballantyne Mortgage , Homes in Ballantyne , Ballantyne Real Estate
Pineville home loans , Pineville Mortgage , Homes in Pineville , Pineville Real Estate
Monroe home loans , Monroe Mortgage , Homes in Monroe , Monroe Real Estate
Testimonials
Debe Maxwell, Charlotte NC Realtor posted: http://activerain.com/blogsview/434294/Right-Back-At-Cha
G. Ahern, CFP wrote: Thank you for taking care of (client name omitted). I don't trust my clients to anyone and you have certainly demonstrated that I can make a referral and not have to worry about how my client will be cared for.
M&L Calwile wrote: Ed, We have to give thanks once again for all the hard work! May God Bless and we will never forget what you have done for us.
T. Brown, REALTOR wrote: Dear Mr. Nailor, Thank you for your hard work on the successful closing of (address withheld) for Mr. and Mrs. S. I look forward to working with you in the future.
F. Rivers wrote: Ed, You made all of this possible. My kids and I thank you.
D. McCray wrote: Dear Ed, Just wanted to let you know that we are truly enjoying our new home. And would like to Thank you for all of your hard work, and all of your reminders and my b-day card. Thanks again for all of your hard work. If this world had more Ed's like you, it would be a better place!
G. Thomas, REALTOR wrote: I heard about what happened yesterday with Ms. J. Thanks for making sure everything was taken care of. I tried to call her several times but never got an answer. Thanks again for your help. I guess that's why YOU ARE THE MAN!
S&C Klien wrote: Ed, We wantedto tell you how much we appreciated all the hard work and effort you put into helping us own our first home We love it and have been very happy so far. We wish you all the luck with your little ones. Again, thank you again.
D. Morgan, Loan Officer wrote: Ed, Just want to say "thanks" for all the time and effort you have put forth to help me become a good loan officer. I pray you and your family have the very best in life.
A. Cochran, Insurance Agent wrote: Ed, Thanks for Everything!
T. Duncan, Attorney at Law wrote: Dear Ed, I hope you are doing well. On behalf of my entire office, I would like to thank you for referring C. and R. D. to our office. We enjoy working with our clients and it is always nice to have referrals sent to us. People such as you help us coninue our service to the greater Charlotte area. Once again, thank you for thinking of us and allowing us to help those you care about. As always, please do not hesitate to contact our office if we can assist you in any way.
M. Graves, REALTOR wrote: Ed, Thank you again for referring M. and S. to me! See you soon!
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
