Pineville, NC Real Estate News

By Charlotte Home Loans Your Charlotte Mortgage Lender
For most people, private mortgage insurance is the only way they will be able to buy a home or refinance their existing mortgage! So with something so critical to this process, maybe we should discuss it a bit, don't you think?PMI is short for Private Mortgage Insurance. This is an insurance policy that protects the lender in case of default of the borrower. The idea is that if a home owner loses their home to foreclosure due to lack of repayment, the bank will only get a portion of the money they lent back when the home is sold. Private mortgage insurance is designed to cover the remaining deficit (if any) for the lender.When a home is foreclosed on, most lenders expect to get at least 80% of a home's value. So when a borrower takes out a loan that is more than 80% of the home's value,...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
Private mortgage insurance companies have raised the minimum credit score to obtain 100% financing on a home mortgage to 620. Any home loans submitted with less than 620 credit score will now be capped at 95%, with 5% of the purchase required as down payment from the borrower.With the loss of downpayment assistance programs and tighter underwriting guidelines, it is getting a bit harder to pull off 100% home loans. However, there is still some exceptions....Read more about New Requirements for 100% Home Loans____________________________________________________This mortgage news update brought to you by The Ed Nailor Mortgage TeamEd Nailor loans Charlotte!704-651-8704 Phoneor visit www.EdNailor.com
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By Charlotte Home Loans Your Charlotte Mortgage Lender
In celebration of the New Year, the Ed Nailor Mortage Team wants to help you make that move a reality!In many cases, potential home buyers get worried about buying a home. The average home buyer is worried about making the payments and the upkeep. After all, what if something breaks in the first year while you are still adjusting to your mortgage payments? Warranty Your Purchase!Well, that's where the Ed Nailor Mortgage Team has you covered! We are going to Warranty your Purchase! Yep... that's right! Your mortgage lender in Pineville is standing behind your home purchase with a warranty! Why? Because we believe in home ownership and want to help provide as much opportunity as possible for Pineville home buyers.So how do you Warranty Your Puchase?Register Now at http://www.ednailor.com...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
Wishing all who read this a great Holiday Season and a tremendous 2008. To those I have worked with and worked for, thank you for a great 2007. For those of you that I have not yet had the pleasure of meeting, I look forward to meeting and working with you / for you in 2008.God bless you and your family this holiday season.-----------------------------------------This Holiday Wish is brought to you by Ed Nailor, of The Ed Nailor Mortgage Team. Dedicated to educating, inspiring and assisting in the American Dream. - "when time and money really matter"Ed Nailor We know Charlotte Mortgage Loans704-651-8704 Phone or visit http://www.ednailor.com/
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By Charlotte Home Loans Your Charlotte Mortgage Lender
Partner Services Ed Nailor Mortgage Loan Specialist Residential - Investment - Commerical 10801 Johnston Rd - Suite 213 - Charlotte, NC 28226 - 704.248.8694 Phone - 704.644.0258 Fax   Apply  |  Mortgage Loans  |  Featured Homes  |  Local Information  |  Credit  |  Blog  |  About 1st Metro CHARLOTTE ROCKS! So have you heard enough of all the impending doom and gloom tied to the real estate market? Folks, if you listen to the national news, you'd be making the wrong decisions today! You gotta dig for the reality.. and that is that real estate is really local. This basically means that you can't judge what's going on in your neighborhood by what you see on the nightly news in California! If you live in Charlotte, NC and the surrounding areas, you will want to read this! Forbes Magazine ha...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
Pineville, NC Utilities If you are moving to Pineville, NC or buying a home in Pineville, NC you may want to know how to connect your local utilities. Below is a handy list of contact numbers for the local utilities in Pineville, NC.Electricity: Pineville Electric - (704) 889-2291 Water: City of Charlotte - (704) 336-7600 Gas: Piedmont Natural Gas - (800) 752-7504 Phone: Pineville Telephone Company - (704) 889-2001 Trash: Charlotte Garbage Collection - (704) 336-7600 Cable: Time Warner Cable - (704) 377-9600 For more local information on Pineville, NC visit http://www.ednailor.com/local/north-carolina/mecklenburg-county/pineville.php. I hope you enjoy this city as much as I do._______________________________________________For more information on mortgage and home financing, or for help...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
Now is the best time to buy a home in Pineville. Why? There are several good reasons:Mortgage Rates in PinevilleMortgage rates in Pineville are the lowest they have been in years and will be rising soon. Fannie Mae and Freddie Mac have already announced changes that will impact home loan rates and cause them to jump. Experts, including myself foresee this happening very soon, so locking in a low mortgage rate now would be a great move allowing you to get the best home loan!Homes for Sale in PinevilleRight now, there is a great selection of homes for sale in Pineville. This has created a buyer's market in Pineville that we have not seen in a very long time! By acting now, you may get the best deal in Pineville real estate that you will ever get. Sellers are Negotiating Deals in Pineville...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
This week, Inside the Money:Rates fluctuate, but remain steadyMortgage rates for Pineville and the local area remained steady in the lower 6% range over the past week. Rates are still fluctuating from day to day, usually about 1/8 a point at a time. This is good news as buyers look to cash in on a great buyers market in Pineville!Media still Focused on Negative "news"While the national news is still focused on mortgage failings across the country, good news came out of the Charlotte area real estate market. Home prices are holding and foreclosures are not as bad as it seems. According to the Pineville Observer on Saturday, the National Association of REALTORS issued a press release in which they stated the Charlotte real estate market was still strong and that home values in Pineville w...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
Pineville, NC was incorporated in 1873 and rests on the southern end of Mecklenburg County on the South Carolina border. The cornerstones of Pineville are Carolina Place Mall and Carolina's Medical Center. The town has a good mix of residential and business development throughout the area. Pineville offers an historic downtown with several antique shops, along with the amentities that most larger cities offer such as furniture, restaurants, national chains, department stores and hotels. That's over over six million square feet of retail space! Pineville has its own Fire Department, Police Department and many other municipal ammenities. The economy is thriving and with all the shopping avenues available, Pineville is a great place to live, work and play. If you are thinking of moving to ...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
If you're looking to buy a home, and the market has more homes than buyers, it can be hard to get the attention of the seller of a home you love. Many sellers have multiple offers in on their home, and their goal is to get the highest possible price, with the simplest terms. Here's how you can compete:Offering the highest bid isn't the most important thing, but it certainly helps. You need to decide what exactly your top budget is for a home. Then, decide how much you really want that particular home. Is it really as perfect as you think? Is it worth offering more and rushing a sale? If so, go ahead.I mentioned that having the highest offer isn't the most important thing. How can money not be the most important thing? Well, if their are sticky terms attached, even the highest offer can ...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
An interesting article appeared in Friday's Charlotte Observer. Due to copyright laws, I can not do a simple copy/paste, so I will do my best to summarize for you. The article can be found online at http://www.charlotte.com/, at least for the time being.In an article titled "Price trends? Area stats among nation's best", columnist Allen Norwood brings out some very interesting details. According to this article, the National Association of REALTORS (NAR) issued a press release that had said that in the South, the Charlotte region (known as Charlotte-Gastonia-Concord) had the strongest SFR price increase. The current average according to the information was at $220,100 which is UP 11% from a year ago. According to the article, the press release was from earlier last week, and covered the...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
For those of you in the Charlotte area, especially in Ballantyen and Pineville, my son's Cub Scout pack will be offering a tree removal service to take away your Christmas trees after the holidays. I believe it is just a donation to the pack that is required. All money raised is used to support this wonderful Scouting program! I will update the dates of the removal service as soon as I know more, but if this is of interest to you, please let me know. You can contact me through my website at http://www.ednailor.com/ or call me at 704-248-8694.    For more information on mortgage and home financing, or for help in the Charlotte NC area, please contact Ed Nailor with 1st Metropolitan Mortgage- your Mortgage Loan Specialist._________________________________________________Ed NailorHome Loan...
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By Charlotte Home Loans Your Charlotte Mortgage Lender
Pineville, NC is one of my favorite places this time of year. With the seasons changing and the holidays approaching, the southern charm of Pineville just stands out! The friendliness of the people really comes to life!As you drive around Pineville you will see the holiday spirit coming to life. Lights are going up, decorations are being put in place and trees are getting trimmed for the holidays. And with such a diverse mix of cultures in the area, you are bound to see an interesting mix of holiday celebrations.And while the holiday shopping season is beginning as well, folks in Pineville seem to have a smile on their face. The southern charm of this city already makes it a wonderful place to live, but add the holiday spirit on top of that and you just can't help but make new friends!W...
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