Getting Enough Money For A Down Payment
With much of the subprime market gone, not that these kinds of loans were smart to begin with, the days of 0% down mortgages are over. It is back to the traditional, safer way with 10-20%. It may seem like a lot, especially getting closer to 20%, but it makes you much more [...]
Charlotte Real Estate Firm has solution for declined mortgage applications
Buying a home? It’s not as easy as it used to be to get approved for a mortgage. With all the fraud that happened over the last few years, subprime lending has practically come to an end. It is also a common occurence for someone to get approved [...]
Is Now A Bad Time To Get An ARM Loan?
When looking at different mortgages, an ARM loan can be very appealing at first sight. Arm loans, as previously discussed, offer teaser rates in the beginning which usually reset after a few years. This teaser rate often gives individuals a false sense of security in what they can and can’t afford. You [...]
Basic Home Mortgage Products Explained
There are two basic types of home mortgages, adjustable and fixed. Most people know the acronym for adjustable mortgages, ARM (adjustable rate mortgage). While there are other mortgage products, these two are the major two types that most everyone uses when buying a home.
ARMs
Like the name suggests, the interest rate on this [...]