Entries Categorized as 'Buying a Home'

Wachovia Dumps Pick A Payment

Date July 1, 2008

Wachovia\'s Pick A Payment

No More Pick a Payment for

It appears that NC based could no longer handle the negative press. They have officially dropped the Pick A Payment product from their mortgage portfolio. After spending all the time and money in buying (and…

Realtors Beware of BOA

Date July 1, 2008

Banking on Bank of America could Cost You

Charlotte Realtors and Charlotte home buying Realtors… If you currently count on Bank of America for majority of your mortgage needs, you may want to start looking around a bit. With the aquisition of Countrywide, you should expect to…

FHA Lifts 90 Day Ownership Rule!

Date June 19, 2008


FHA “Flipping” Rule Has Been Waived

Charlotte FHA Mortgage LoansJune 9, 2008: FHA’s Assistant Secretary for Housing - Federal Housing Commissioner, Brian D. Montgomery signed the
Waiver of Requirements of 24 CFR 203.37a (b)(2) which waives the requirement of the seller of a property holding…

How $25 Stopped a Home Purchase

Date June 18, 2008

Home Loan Dies over $25

“But it was only $25.00. Surely that can’t matter that much!” Unfortunately, it did.

Recently a client of mine went from being approved to
buy a home in Charlotte to being denied for a
Charlotte mortgage loan. It was…

Purchase Negotiations Using USDA Mortgage Loans

Date June 16, 2008

Best Negotiating Technique When Using Mortgage Loans

USDA mortgage loans in CharlotteTypically, when negotiating on a home purchase contract, many home buyers will offer a price that is lower than the listing price. The idea is to get a deal… a bargain. No matter who…