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The Tale of a House, and an Entire Market
They are joined in that belief by a vast majority of Americans; lending for home purchases rose from a low of $404 billion in 2011 to an estimated $652 billion last year, according to the Mortgage Bankers Association. But while Americans still want to

Real Estate Industry Wary ahead of New Mortgage Rules
“This definitely affects the lower-income borrower, by far,” says Janet Gaglione, president of the Charlotte (N.C.) Regional Mortgage Lenders Association. “We're going to have very strict guidelines. This law is trying to make every lender accountable

Habitat for Humanity worries new lending law will hurt poor
Habitat for Humanity worries new lending law will hurt poor Charlotte, N.C., Habitat President Frank Spencer testified before Congress on Tuesday that the nonprofit wouldn't be able to assist as many families if it's held to new standards under the Dodd-Frank Act. The new rule, known as the “qualified mortgage

Habitat Says Lending Regulations Hinder Housing Nonprofits
Frank Spencer, president of Habitat's Charlotte, N.C., chapter, detailed the impact on his group of holding nonprofits to the “qualified mortgage” rule adopted under the 2010 Dodd-Frank Act, which aims to prevent some of the risky lending practices

Charlotte North Carolina Houses for Sale - A Good Idea

Looking for Charlotte North Carolina Houses for Sale? Good! You should be. With an abundance of inventory and rates that are crazy, it is a ...

Financial Friday: Do you know your FICO score?

CHARLOTTE, N.C. (FOX 46 CHARLOTTE) - FICO scores are incredibly important to the success of your finances. In fact, it’s essentially a readout of how financially healthy you are. Depending on your score, it lets lenders know that you’re a good financial bet, or warns them that you’re a financial liability. 

Here’s what you don’t want: to find out you fall into the latter category when you’re ready to go house shopping. Instead, start right now to make sure you’re on the right track. 

According to Sarah Hebb, a mortgage banker with Atlantic Beach, is to run your FICO score reports with the big 3 credit reporting agencies: Equifax, Transunion and Experian. You’re aiming for at least 700 or better. That tells lenders that you’re a good candidate for a loan. If you score lower than 700, don’t panic! You have time to improve your credit through a few ways. 

Take a good look at your credit history – do you have late payments you didn’t know about? Maybe there’s a situation that needs to be disputed. By having a clear picture of your credit, you can take action to correct it.

Which are the best mortgage lenders for new homes in Charlotte, NC?

I'm looking to purchase a house in Charlotte, NC, and I would appreciate guidance as to the best mortgage lenders (best rates, most dependable).