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Posts Tagged ‘mortgage lenders’

What’s the Future of Mortgages?

Posted in Finance, General Real Estate Market, tagged , , , on March 7, 2011 | Leave a Comment »

In the aftermath of the financial meltdown, much of which was brought on by mortgages that were too easy to get by people who were “iffy” at best regarding their ability to repay their mortgage, we are beginning to see discussions about how mortgages should be arranged and marketed in the future.  This is part [...]

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Shopping Estimates for Mortgages

Posted in Finance, General Real Estate Market, tagged , , on February 2, 2010 | Leave a Comment »

There are many good, honorable mortgage lenders out there.  I’ve worked with many who I trust to do absolutely the best they can for their clients and never worry about trying to get lending business by being less than honest.  However, as we’ve seen in reports over the last few years, there have been plenty of [...]

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Might Want to Lock a Mortgage or Refi Rate Now

Posted in Finance, General Real Estate Market, tagged , , , , on January 11, 2010 | Leave a Comment »

The buzz in the mortgage market is that 30 conventional fixed rates are moving above 5% and will likely continue to rise through the spring.  One reason is that since last year, the Fed has been buying large amounts of mortgage-backed securities.  This action has artificially kept the mortgage rates down.  That program is scheduled [...]

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How Big a Down Payment?

Posted in Finance, General Real Estate Market, Lake Norman, tagged , , , , , on January 8, 2010 | Leave a Comment »

I recently talked to some out-of-town folks who are thinking of moving- selling their current home and buying another in the Lake Norman area.  During our discussion of how they might be able to follow through on that dream, one of them expressed concern about being able to put together enough cash for their down [...]

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Different Lenders, Different Results

Posted in Finance, Real Estate, tagged , , , on September 17, 2009 | Leave a Comment »

While working with some buyer clients this past week, we had conversations with a lender rep from a “big bank” and a lender rep who is with an independent broker.  I always suggest that my clients shop the market to ensure they are getting the best mortgage rates and expenses.  All borrowers have different situations [...]

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Mortgage Interest Rates Down- Comparing Rates

Posted in Finance, Real Estate, tagged , , , on September 4, 2009 | Leave a Comment »

Several of my mortgage lender friends are telling me that rates are down again with 30 year fixed non-jumbo rates below 5%- amazing.  If you talk to a lender about these or other rates, be sure to get the APR (Annual Percentage Rate) that includes their costs.  That still can be a bit deceptive depending on [...]

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Mortgage Rates Up-to-Date

Posted in Finance, General Real Estate Market, Iredell County, Real Estate, tagged , , on August 12, 2009 | Leave a Comment »

My friend Neil Jackson with Lake Norman Lending Group sends out a weekly rate sheet to let us know what the rates look like for our clients.  I have several friends in the business who do this, so I like to get these to compare rates, understanding that rates can change frequently, even several times a [...]

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Lender Checklist: What You Need for a Mortgage

Posted in Finance, General Real Estate Market, Real Estate, tagged , , on July 22, 2009 | Leave a Comment »

From time to time I talk with people who think it may be time to buy a home or maybe thinking of selling and buying another after many years.  Often they are not sure what information is going to be asked of them by a lender.  If that’s your situation and you want to go into [...]

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