Owner: Charlotte Home Mortgage Loans URL:http://www.ednailor.com Join Date: Mon, 12 May 2008 15:31:15 -0500 Rating:0 Site Description: Home mortgage loans in Charlotte and surrounding area. Including FHA, VA, conventional and more. If you are considering buying a home in the Charlotte area, visit EdNailor.com for more information. Site statistics:Click here
No Alternative Credit? Now What? 2008-05-12 06:29:06 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
No Alternative
Credit? Now What?
What FHA Can Do With No Alternative Credit
Earlier I began a 3 part series on Alternative Credit for FHA mortgage loans. Recently HUD released a memorandum letter to all lenders…
Out of State Charlotte Real Estate Advice 2008-05-11 21:41:56 This article orginally featured at Charlotte
Home Mortgages. Unathorized duplication prohibited.
Out of State
Charlotte Real Estate
Advice
Does the Real Estate
Advice Apply for Charlotte?
Have you noticed the new section of the Charlotte Observer on Sundays? They call it Real Estate Today. It’s a…
Mortgage Loan Processors 2008-05-10 15:01:25 This article orginally featured at Charlotte Home Mortgage
s. Unathorized duplication prohibited.
Mortgage LoanProcessors
Working at Residential Mortgage Center in Charlotte, NC I am blessed to work with some of the best mortgage processors in the area. They work hard to get all the…
No “Good” in Good Faith Estimates? 2008-05-10 07:17:42 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
No “Good” in Good FaithEstimates
?
How close an estimate are you given?
When you apply for a mortgage loan, lenders are required to offer a form known as the “Good Faith Estimate.”…
Before You Apply for a Mortgage 2008-05-09 10:52:38 This article orginally featured at Charlotte Home Mortgage
s. Unathorized duplication prohibited.
Before You Apply for a Mortgage
How to Avoid Unsoliciated Mortgage Calls
This article will address some items that you, the general public, may not be aware of. When you apply for a…
Types of Alternate Credit for FHA 2008-05-09 08:17:42 According to the HUD Mortgagee Letter 2008-11, HUD has created two groups of references that can be used as alternative credit for FHA mortgage loans. These are used when the borrower's credit file does not have enough information to create a credit score, or when the credit file produces a score with very limited credit. HUD stressed that these are not to be considered as an alternative to "poor
Alternative Credit for FHA Mortgages 2008-05-08 14:38:34 HUD has released a Mortgagee Letter (#2008-11) to clarify Nontraditional Credit Verification and Evaluation. In this letter HUD addresses using alternative credit references, when they can be used and how they should be verified. Read more:Alternative
Charlotte: First Time Home Buyer Heaven 2008-05-05 08:32:47 This article orginally featured at Charlotte
Home Mortgages. Unathorized duplication prohibited.
Charlotte: First
Time Home BuyerHeaven
Why Charlotte NC is The Place to Buy Your First Home
Are you tired of renting? Every month you write that check for $600, $750 or over… Read more:First Time
Political Joke by Hillary Clinton and John McCain 2008-05-04 20:52:10 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
Political Joke by HillaryClinton
and John McCainHillary Clinton
and John McCain offer a Joke to Voters
Hillary wants to use a “windfall tax” on the oil companies (which will increase their expenses…
Spend and Save 2008-05-04 15:45:18 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
Spend and Save
Ideas for your Stimulus Check
If you haven’t heard, most Americans will be getting a check either in the mail or deposited directly into your account over the next…
Mortgages for North Carolina Teachers 2008-05-13 06:19:34 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
Mortgages for NorthCarolina
Teachers
Special Mortgage Loans for Teachers of North Carolina
I know first had how under paid, under appreciated and under supported teachers are. (My wife is a teacher in North Carolina.) …
What is Agency in Real Estate? 2008-05-15 06:08:38 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
What is Agency in Real Estate
?
In Real Estate
, Agency Matters!
When you consider buying or selling a home in Charlotte, you might contact and interview real estate agents and Realtors to help you.…
Savings and Assets for Mortgage Loans 2008-05-14 06:08:55 This article orginally featured at Charlotte Home Mortgage
s. Unathorized duplication prohibited.
Savings
and Assets
for Mortgage Loans
Documenting Assets is Important
Mortgage lenders have tightened up on underwriting criteria since the subprime fallout. One area that is increasingly looked at is the documentation of…
We didn’t think it mattered 2008-05-16 06:26:49 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
We didn’t think
it mattered
Joe and Susan wanted to buy a home in Charlotte. They spoke with a loan officer and began the credit application. Joe had been on his job…
Changes to FHA Mortgage Loans 2008-05-17 06:26:12 This article orginally featured at Charlotte Home Mortgage
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Changes to FHA Mortgage Loans
New Risk Layering Added to FHA Mortgages
Effective July 14, 2008 FHA mortgage loans will charge new mortgage insurance premiums based on a combination of credit scores and percentage…
Settlement Charges - Closing Costs 2008-06-03 12:52:42 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
Settlement
Charges - Closing Costs
Recently during a conversation with a local Realtor, we discussed common questions and misconceptions. One question that I had never heard was in regards to closing…
Great Home or Great Timing? 2008-06-02 13:50:41 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
Great
Home or Great Timing
?
You Can’t Time the Bottom. You Can Pick a Great House
Thats a subtitle of a recent article in Money Magazine (June 2008). For quite some time…
Home Search for Charlotte Real Estate 2008-06-05 14:11:01 So where do you find a home in Charlotte
? What resources do your use in your home search? When looking to buy a home in Charlotte, what do you do first? Let me see if I can help. Read more:Search
, Estate
, Real Estate
Did We Find the Bottom? 2008-06-10 14:35:01 Over the past couple weeks, we have begun to see a steady upward trend in mortgage rates. Last week, rates began to worsen and we have not seen any real relief since. Read more:Bottom
Take a Peak at today’s Underwriter 2008-06-13 14:15:26 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
Take a Peak at today’s Underwriter
Do a search online for “mortage underwriter” and many of the images you will find are of sharp looking, well dressed individuals that seemingly do…
Nehemiah Fee Changes for FHA Down Payment Assistance 2008-06-13 10:28:57 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
Nehemiah
Fee Changes for FHA Down Payment
Assistance
Down Payment Assistance for FHA sees Increased Fee
According to The Nehemiah Program, effective June 9, 2008, the fee for processing the down payment assistance program through Nehemiah will…
Purchase Negotiations Using USDA Mortgage Loans 2008-06-16 08:37:49 This article orginally featured at Charlotte Home Mortgage
s. Unathorized duplication prohibited.
Purchase
Negotiations Using USDA Mortgage Loans
Best Negotiating Technique When Using USDA Mortgage Loans
Typically, when negotiating on a home purchase contract, many home buyers will offer a price that is lower than…
How $25 Stopped a Home Purchase 2008-06-18 13:39:31 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
How $25 Stopped a Home Purchase
Charlotte Home Loan Dies over $25
“But it was only $25.00. Surely that can’t matter that much!” Unfortunately, it did.
Recently a client of mine went from being…
More Wachovia Smoke and Mirrors 2008-07-22 15:37:22 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
More Wachovia Smoke
and Mirrors
Wachovia Bank Losses Forces Game Playing
Wachovia today reported losses of over $8 Billion, well beyond any analyst’s expectation. With most of Wachovia’s losses coming from the mortgage market,…
Ask The Lender: After a Bankruptcy 2008-07-22 08:31:02 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
Ask The Lender
: After a Bankruptcy
Question:
I went through bankruptcy back in January and wonder now what chances, if any, I have to get a home. This may be completely fruitless at this…
Tougher Mortgage Loans 2008-07-17 11:14:19 If you have had some credit issues and are on the fence about buying a home, now is the time to act! While there are still lenders willing to look at less than perfect credit and accept minimal downpayments, you need to act now! Forget what the media is selling. The real estate and mortgage market in Charlotte is still attractive and strong! But if you wait until all the "smoke clears" you may be Read more:Tougher
, Mortgage
, Loans
Out of the Office 2008-07-10 12:36:27 This article orginally featured at Charlotte Home Mortgages. Unathorized duplication prohibited.
Out of the Office
Ed Nailor, Charlotte Mortgage Lender, Out of Office July 11
On Friday, July 11, 2008 I will be out of the office and unavailable. I will be having wisdom…
Charlotte Mortgage Rates Improve 2008-07-08 14:36:19 This article orginally featured at Charlotte
Home Mortgage
s. Unathorized duplication prohibited.
Charlotte Mortgage RatesImprove
Mortgage Rates for Charlotte mortgages get better
Today we actually saw an improvement in
mortgage rates for the Charlotte mortgage market. For the past few weeks we have consistently…
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