What's wrong with this, you ask?
Read more at http://carolinamortgageconnection/2008/04/04/and-the-bs-floodgates-opened/
Freightliner in Cleveland NC may be laying off a larger amount of workers. With only 60 days until the final word comes, you may want to look to refinance your home mortgage in Cleveland NC as soon as possible. Many Cleveland NC homeowners could benefit from lower mortgage rates, lower mortgage payments, or debt consolidation mortgage to reduce your overall monthly debts now, before a possible job loss.
For an example of how much you might save and to get started with a free consultation visit:
Have you gotten caught up in all the bad news?
The Sky is Falling! Haven't you heard???
Yeah, yeah... we know. Real estate stinks, the mortgage market is dead and life as we know it is over.
Come on! Yes, we are facing a decline in real estate, but a lot of that is due to crazy increases in property values over the past few years! We knew it was coming...
But despite all the bad press, there is some good news! Feb home sales (at least in the Charlotte market) were up last month! Mortgage rates are still near record lows! FHA mortgage limits are up virtually EVERYWHERE!
Now is one of the best times to buy. If you are on the fence, make your move. If you are in the business, get your chin up and let your clients know that real estate and mortgages are doing quite well and there's major opportunity.
Sure, there are dark clouds and in some areas it's raining. But coming from an area that has seen incredible drought over the past year, that rain is not a bad thing!
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Apply online for your Charlotte area mortgage loan
or call 704-651-8704 for your free mortgage consultation.
Brought to you by Ed Nailor - Charlotte Mortgage Lender
Recently I added a "Ask the Lender" section to my website. I wanted to have an avenue to provide answers to real questions people have. I can blog and post all I want about things I THINK people want to know about, but I really want to provide information people need. So this is my humble attempt to do so.
Here is the first question asked:
I am in sales and things are tight. I have been in my home now for 3 years and have a good mortgage right now. However, due to the lower income this year, the monthly payment is getting tougher to deal with. I have never been late on my mortgage and my credit is still good. But I am concerned that I may start to get behind. What should I do?
Read the Answer about Mortgage Loan Options
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Apply online for your Charlotte area mortgage loan
or call 704-651-8704 for your free mortgage consultation.
Provided by Ed Nailor - Charlotte Home Mortgage Lender
I don't know about everywhere else in the country, but in my area it seems that the FHA mortgage is seen as a "poor man's loan." However, this is not the case.
FHA mortgage loans in Charlotte North Carolina now have limits up to $303,750. That is pretty substancial. But to think of the FHA mortgage as something specifially for the "poor" is misleading.
Some of the reasons for this misconception may have to do with the industry itself. So many lenders have touted the FHA mortgage as the perfect loan for first time home buyers. And while this is true, the FHA mortgage in Charlotte goes well beyond just that need.
Another thing that could contribute to this thinking is the focus on avoiding PMI. Until recently mortgage insurance was not tax deductible, so most buyers would look to avoid it with combo loans. Now that MI is deductible and combo loans have pretty much died off, an FHA mortgage in Charlotte offers very low monthly mortgage insurance premiums!
Visit EdNailor.com for more information on the benefits of a Charlotte FHA mortgage loan.
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This insight provided by Ed Nailor - Charlotte FHA Mortgage Lender
As a HUD approved FHA mortgage lender, we 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.
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!
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