call option
A provision in the mortgage that gives the mortgagee the right to call the mortgage due and payable at the end of a specified period for whatever reason.

cap
A provision of an adjustable-rate mortgage (ARM) that limits how much the…

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2007 was filled with finger pointing left and right. So many lenders pointed the fingers at mortgage brokers as the bad guys that “pushed people into higher rate loans” to make more money. In reality, most mortgage brokers simply sold the products that were…

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Recently, the 
Charlotte Observer had an encouraging article by J.W. ELPHINSTONE of the Associated Press pertaining to our Charlotte market!

In his article,
Charlotte bucks housing trend; Home values grew while other cities saw declines, Mr. Elphinstone writes the recent S&P’s index of  housing prices…

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This week, Inside the Money:

• Rates fluctuate, but remain steady

• Media still Focused on Negative “news”

• Charlotte area Mortgage Broker does Stupid Thing

• Rates to change very soon

• It’s the best time in our lifetime to buy a home in Charlotte

 

Rates fluctuate, but remain steady

Mortgage rates for Charlotteand…

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THE SKY IS FALLING!

THE HOUSING MARKET IS DEAD!

NO ONE CAN GET A HOME LOAN!

FORECLOSURES OVERTAKE SALES!

BUYING A HOME IS THE WORST IDEA EVER!

Pretty dramatic huh? I am waiting for these headlines to be on the front page of the paper soon. Take…

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