Types of Mortgage Lenders
Mortgage Bankers Mortgage Bankers are lenders that are large enough to originate loans and create pools of loans, which are then sold directly to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan investors, and others. Any company that does this is considered to be a mortgage banker. Some companies don’t sell directly to those major […]
Environmental Issues
When purchasing a piece of property, it is important to be aware of any environmental liabilities associated with it. For example, you should find out if there are any registered underground tanks within several miles of the property, known contaminated properties in the neighborhood, or property owners who have been fined by the government for […]
Charlotte NC Minimum Wage Increase
The North Carolina legislature just approved our largest budget in history. The new $23.9 billion budget will increase minimum wage pay of public employees to $15 per hour – we’re now the first state in America to do so. Last week, Governor Cooper vetoed the budget because he said it didn’t do enough to improve public education […]
Charlotte NC Housing Market Update
The thought of a housing market correction will most likely have many future homebuyers jumping for joy. Although this is great news, there’s no reason to think that any coming correction will be anywhere near as extreme as it was in 2008. In fact, most home prices here in the Charlotte area will continue to rise for at […]
COVID-19 and Charlotte NC Real Estate Market
COVID-19 Pandemic is it a good time to Buy or Sell? We are getting this question a lot and our answer just may surprise you… But before we go into detail, let’s look at current market facts * Mortgage rates are still low * Lenders are in the process of reviewing ways to utilize unemployment as qualifying […]