There comes a time in everyone's career when you get this compliment. If you have been on the receiving end, you will know what I am talking about. If you have yet to experience it, keep plugging along and one day you will.
We all know some of the more well known competition in our areas. As a mortgage professional, there are names you see more often than others. After a while you begin to understand that the reason you see their name is because they are trusted and knowledgable. Afterall, who would recommend you if they did not trust you, your abilities or your knowledge.
So yesterday I am making some changes to my website, when I look to see how many people have signed up for my newsletter. This is the Opt In section of my website, so anyone that is listed here MEANT to sign up. They WANT to get info from me.
As I am looking through the new signups, I notice a name. This name is one I recognize. I have seen their name around Charlotte and from everything I can see and have read by and about them, they know their stuff. And yet, they subscribed to MY newsletter!
Now, I do not know the motive... wether that is to learn from me or maybe even steal my ideas. Either way, the fact that they considered me knowledgeable enough and respected my abilities was a great compliment!
So to all of you that are just starting, keep going. Inform your audience of things relevent to what you do, as only you could inform them. Do it long enough and with the ability to speak from within, and you will find a compliment coming from a place you never expected!
Ed Nailor - Charlotte Home Mortgage Loans
Finally, weeks after the Economic Stimulus package is signed, HUD has finally posted the FHA loan limits.
The new FHA Mortgage Loan Limit in Charlotte is $303,750!
This is great news for Charlotte home buyers!
... more information on the Charlotte FHA mortgage limit increase
... more information on lender limitations with new Charlotte FHA limits
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This HUD Charlotte FHA Mortgage Limit update brought to you by
The Ed Nailor Mortgage Team - Charlotte FHA Mortgage Loans
Have you been watching? Mortgage rates have been a roller coaster ride. Up and down, down and up. It can be a lot for anyone to keep up with!
I created the Rate Watch to show how frequent this is happening, but it also shows how much of a swing you may see in the course of a week, day or even hours!
Check itout at http://ratewatch.ednailor.com/ and see how rates are changing every day!
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The Rate Watch is brought to you by
Ed Nailor - Charlotte Home Mortgage Loans
704-651-8704
If you are considering buying a home, here are some great tips for your Charlotte Home Search:
... more tips to help your Charlotte Home Search
Ed Nailor - Charlotte Home Loans
Traditional Underwriting has Returned.
Even in an FHA mortgage loan, lenders are really looking at loan applications in a traditional sense. They want good credit, solid assets and a compelling reason to say yes. Above all, credit history is the most influential component for an approval.
Long known for the manual underwriting flexibility of the FHA mortgage program, many underwriters and lenders are getting tougher on mortgage applicant's credit. Recently, a man with 7 years on the job, 16 months worth of reserve savings (that's a balance in savings that is 16 times the monthly mortgage payment), low debt to income ratios (meaning monthly budget is not an issue) and a great rental payment history was turned down because of credit problems. He had a prior bankruptcy and minimal re-established credit and that concerned the underwriter.
The message to potential borrowers is to make sure you are taking care of your credit. Make all you payments on time, including that small $10 credit card payment. Anything you have borrowed on credit needs to be paid as agreed. Other wise it can hurt you down the road.
If you are not sure where you stand, touch base with a lender. Let them see where you qualify today. If you can not buy today, a good lender can give you advice on how to correct the course of your credit. If the lender you are talking to can only tell you to "fix your credit and come back" I suggest you find another lender. You need someone experienced to walk you through the steps of rebuilding.
The days of quick fixes getting you into a home may be over. A long term focused approach to your credit will allow you to qualify for the home you are dreaming of. Don't get discouraged... even with the worst credit issues, you can overcome them and accomplish your goals and dreams.
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For help with Mortgage Home Loans in Charlotte, including Charlotte FHA loans,
ontact the Ed Nailor Mortgage Team at 704-651-8704 or visit www.EdNailor.com
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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