There is Money for Charlotte Home Buyers, Investors, and 2nd Home
Purchasers… I know what you ‘ve heard, it is simply Not True. Roy’s
Excited– and Myers Park Mortgage is Excited too

roy williams excited about lifeCharlotte
is a great place to buy a home and mortgage money is still available
at great rates!!

With all the recent coverage of the “Bail-Out” plan, many people have been led
to believe that mortgage money is hard to come by and too expensive to
afford. This is not true in Charlotte, NC!  Check out the rates below (FHA) etc.

There have been changes if you are:

  • Buying a Condo
  • Buying an Investment Property
  • Buying a new home before your old home is sold

You might find yourself unable to obtain financing or paying a little more for
a loan. This is not an absolute rule, however so if you fit any one of
the scenarios listed above please give me (Olan Carder)  a call at 980-721-7478. I will
be happy to research your scenario and determine what financing packages are
available to you.

The bottom-line is that lenders are determining the types of loans, properties
and scenarios that represent the highest risk. Then they are making
guidelines more strict or instituting pricing adjustments to make those loans
more expensive.

The following list is NOT a rate quote but a general list
that shows what is still available in the market. All of the following
are examples based on certain assumptions. If you are interested in any
of the following examples you must still make pplication and qualify.

PROGRAMS AND RATES for Charlotte Metro Area:

  • FHA Loans / Loans upto $303,750 / Only 3% Down / Rates around 6.00% FIXED!
  • Veteran Loans / Loans upto $417,000 / ZERO DOWN / Rates around 6.00%
    FIXED!
  • Conventional Loans / Loans upto $417,000 / ONLY 3% Down / Rates
    around 6.125% FIXED!
  • USDA Loans / No loan limits / ZERO DOWN / Roll in money for repairs and
    closing costs / Rates around 6.75% FIXED!
  • JUMBO loans / Loans upto $2.5 Million / ONLY 5% DOWN / Rates as low as
    5.75%!!

As you can see there are GREAT loan products available for homebuyers in the
Charlotte Metro area. Interest rates are more than affordable and
turn-around times to get your loan approved are FAST! With market volume
slower you can find great deals and lenders are ready to help get your loan
approved quickly. If you are interested in buying Charlotte real estate,
now is a good time to get started.

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Myers Park is a preferred lender for the TerryMcDonaldRealEstate team– and is the #1  mortgage provider in Charlotte.

Thinking about selling your Lake Norman area home?  Your Charlotte
home?  Check out the links below for more information or just call me,
Terry, direct at 704-351-1519.

Charlotte Home Search- map/community based

Charlotte Photo Gallery- more than 2500 pictures, 45 galleries of different Charlotte neighborhoods

Where to Look for Luxury Homes in Charlotte- Video

Amazing Ryland Homes At The Palisades for Under $400k