Charlotte Mortgage Online

Paying Off Your Mortgage Early

Olan Carder — Wed, 08 Feb 2012 00:10:03 +0000

It’s the dream of almost every hardworking family in America. It is one of those things that motivates you to work that overtime or skip that extra expense… so that “one day” that mortgage will be paid off early and you can ride off into the sunset! It seems to be a classic “no-brainer” right? We [...]

Beware of Unsolicited Letters Suggesting Potential Mortgage Audit Refunds

Olan Carder — Mon, 23 Jan 2012 21:31:58 +0000

I have been contacted by several homebuyers and homeowners with questions about letters being received by them in the mail from “Mortgage Auditing Program, Division of A.M.T.” These letters are being received all over the county and they get the attention of homeowners by offering risk free mortgage audits that can lead to potential refunds due [...]

It’s ok to RENT… for a while!

Olan Carder — Thu, 15 Dec 2011 22:48:28 +0000

Are you a renter who wants to become a homeowner but you’re just not ready? I am here to tell you that is just fine!! You might not be ready to buy a home today, and whether you need 5 months or 5 years to get ready, that is OK. Don’t let anyone tell you [...]

How to Shop for a Mortgage – Don’t take my word for it!

Olan Carder — Tue, 25 Oct 2011 16:02:21 +0000

I talk to new homebuyers or homeowners looking to refinance every day of my life. I love it! I love helping families in Charlotte to navigate the ever changing mortgage world and buy their first home, move up to that dream home or even refinance the home they have to save thousands of dollars! It [...]

USDA Loans Back Online!

Olan Carder — Thu, 20 Oct 2011 17:02:49 +0000

I wrote a recent post about possible delays with USDA Rural Housing loans. The good news is that the delays were very short lived and USDA is back funding loans once again!! There have been some small changes made to USDA but the overall benefit of the programs remains intact. Just in case you are [...]

Charlotte Home Prices

Olan Carder — Thu, 29 Sep 2011 14:26:52 +0000

Did you know that all Charlotte homes have NOT dropped in price!! The problem many times is that we all here national or regional numbers, but when you are buying real estate what matters most is what is closest to you. What are homes selling for in your zip code? What about your neighorhood? My [...]

USDA Changes Guarantee Fee

Olan Carder — Sat, 24 Sep 2011 22:46:34 +0000

USDA Rural Housing loans are seeing a change to the Guarantee Fee! Starting October 1st, the upfront fee will reduced from 3.5% to only 2%. This sounds really good but they are also adding an annual fee of .30%. Let’s take a look at how this works out over time. If you take $150,000 USDA mortgage, [...]

USDA Rural Housing Loans Delayed

Olan Carder — Sat, 24 Sep 2011 16:13:36 +0000

We have been advised by USDA officials that effective 10/1/2011, USDA will not issue final approvals for loans to close. They have funds to last through the end of the month so any loans that received “conditional commitments” from a local USDA by 9/30/2011 should be fine. They will stop issuing the “conditional commitments” on [...]

Getting Approved for a Mortgage in Charlotte NC

Olan Carder — Fri, 23 Sep 2011 21:11:50 +0000

Are you trying to get approved for a mortgage loan? Not as easy as it used to be, is it? There is good news and bad news about the ever changing mortgage world… First the bad news! It is definitely more difficult to obtain approval for a residential mortgage loan today. Every lender is different, [...]

Existing Home Sales Jump 7.7%

Olan Carder — Wed, 21 Sep 2011 22:56:09 +0000

Existing home sales beat expectations in August and reached the best levels since March. Buyers have been drawn into the market by lower prices and exceptionally low interest rates. Sales increased 7.7% month over month to an annual rate of 5.03 million homes, according to NAR (National Association of Realtors). NAR also commented that rising [...]