Did you know that there is a BIG difference between Pre-Qualified and Pre-Approved? A pre-approval can be CRITICAL in winning the offer in a multiple bid situation. In this fast-paced housing market, if you like a house, chances are others do too. There are several things buyers can do to improve their chances of having […]
Did you know? Did you know you do not need to save 20% of the purchase price of a house for a down payment in order to be ready to purchase? When a home is purchased, the actual cost to purchase the house is the sale price + the closing costs (closing costs can vary […]
Online report outlines alternatives to foreclosure for distressed homeowners in Fort Mill, Tega Cay, Lake Wylie, Rock Hill, Ballantyne, South Charlotte.
Fort Mill, SC CDPE-designated agent, Carmen Miller of Century 21 First Choice, has added to her HomesFortMill.com website, information describing several opportunities for homeowners to avoid the negative financial
As you are driving around York County, you may see from time to time a re-zoning hearing sign posted on undeveloped property. I happened to see a re-zoning hearing sign on the corner of Pleasant road and Carowinds Blvd. I thought it would be of interest to see what was posted online at the York County govt website
Post From Loan Officer Olan Carder
This is always the million dollar question. I get asked more than anything else, “Where are rates? Where are rates going? What are rates about to do?”
This is a tough question for the average loan officer because although we deal with rates all day everyday, many loan officers don’t
Here’s a brief history of 30 year mortgage rates for the last 20 years.
In 1990, rates averaged 10.5%. Rates showed a steady decline year to year until 2004. Rates in 2003 where around 5.6% then jumped to6.4% in 2004. Rates
The newly passed Frank Dodd Bill has a risk retention rule that states anyone originating a home loan must retain 5% in reserves against that loan. Basically Congress is requiring lenders to put a little more skin in the game. This sounds like it makes sense, but let’s take a closer look at what this might