Fort Mill, Tega Cay, Lake Wylie Real Estate

 I have been warning everyone for 2 weeks now… and RATES WENT UP!!  Current 30 year rates are aorund 6% but will probably be the 6.25% range by next week unless something changes.  Inflation is bad for interest rates… VERY BAD… and everyone that buys mortage bonds are very concerned about inflation right now. 

100% Programs

GONE.  The only way to buy right now without any down payment is with some time of down payment assistance.  FHA loans are back in the spotlight!

STATED INCOME

Agency Stated programs are back!!!  We can offer conforming pricing on stated income programs again… the only drawback is 75% max financing.  NO DOC loans are no longer available in N.C.

INVESTMENT Programs

PMI companies are no longer offering mortgage insurance for cash-out refinances on non-owner occupied properties.  If you own investment property and are looking to get some cash, you are now stuck with 80% loan to value.

What’s HOT??

NO COST mortgages are all the rave right now, but they are NOT right for everyone.  Call today for a FREE TCA (Total Cost Analysis) report that can save you thousands on your next mortgage!

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Infomation is for the Charoltte Metro area which includes Fort Mill, Tega Cay, Lake Wylie areas.