Wachovia Pressures Loan Officers

Date March 30, 2008

Who’s Wachovia Looking Out For?

According to a front page story in the Charlotte Observer (Sunday March 30th, 2008), Wachovia is putting pressure on it’s loan officers to push it’s “Pick-A-Payment” option ARM mortgage program. The story highlights a borrower that approached…

Posted in Buying a Home, Mortgages, Refinance Comments No Comments »

Net Branch = Net Loss

Date March 29, 2008

What is a “Net Branch” mortgage company?

“Net branch” are mini franchises. The idea is that instead of actually opening your own mortgage shop, you join a company that allows you to open a “branch” in their name. The attraction…

Posted in Buying a Home, Mortgages, Refinance Comments No Comments »

Awesome News for Charlotte New Home Buyers!

Date March 27, 2008

Charlotte New Home Buyers get Better Deal!

builder add profit through forced higher mortgage feesMost large home builders today also own . This is an additional profit center and until recently, they have forced their home buying customers to provide the additional mortgage profits. These builders will typically…

Posted in Buying a Home, Charlotte Area Info, Mortgages Comments No Comments »
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