North Carolina Mortgage

Here is the new law

 http://www.ncleg.net/Sessions/2007/Bills/House/HTML/H2188v5.html

SECTION 3.  G.S. 53‑243.11 is amended by adding a new subdivision to read:

"(16)   In connection with the brokering or making of a rate‑spread home loan as defined under G.S. 24‑1.1F, no lender shall provide nor shall any broker receive any compensation that changes based on the terms of the loan. This subdivision shall not prohibit compensation based on the principal balance of the loan."

SECTION 4.  This act becomes effective October 1, 2008.

I was wondering what this part means.

Does it mean that we are not allowed to changed the YSP after we quoted it to the borrower? For example, if the YSP is 1%, and we're going to be making 2% for the same rate....are we allowed to receive the extra YSP or will we need to be capped at 1%? (There are some states like Maine that enforces this) I'm assuming that this may also apply to points in the front.

I haven't heard from my Corporate legal department yet, but was wondering if anyone has contacted NCCOB for clarification?

North Carolina Refinance

As a NC Home Mortgage Loan Lender we are offering a variety of home loan programs with various lenders. FHA mortgage loans are one of the top mortgage products that our clients ask for. Please visit our FHA mortgage section. We are also having a lot of VA loan applications from Veterans looking to take advantage of the ‘no down payment‘ program.

Please visit our rate page to view Today's Mortgage Interest Rates.

Since 1934, FHA has helped about 35 million borrowers, making it the biggest insurer of Government mortgages in all of the world. Congress introduced the (EAHA) Expanding American Homeownership Act in June 2006, which would enable FHA home loans to be a great option for more low-to-moderate-income, and minority families so they can achieve the American Dream of owning a home. The Current FHA home loan rate has dropped to 6.125% - and dropped to the current FHA APR 6.460%. This is awesome news for those seeking a home loan from FHA.

FHA mortgage refinancing has also helped those homeowners in 2/28 ARMs, and someone who is just looking for a low FHA mortgage interest rate APR. FHA cash out home loans may go to 95% of the loan to value, and FHA rate/term home loan refinances may go up to 97.75% of the loan to value.

Charlotte Mortgage Broker

Why Choose Us?

We offer a wide range of Charlotte home mortgage loan solutions.

We specialize on all Charlotte home mortgage loan types.

We promise to provide you with the best Charlotte mortgage terms.

Because our representatives are Charlotte mortgage loan experts, and can help you with making the right decision.

We offer Charlotte home mortgages to those with past bad credit problems (foreclosure, bankruptcy, judgments, and collections).

We search investors for the best available Charlotte home mortgage products and mortgage rates.

We have the best mortgage rates for all credit grades in North Carolina.

VA Home Loans & FHA Home Loans
Fixed Rate Mortgages
Refinance Cash Out for any reason
Super Jumbo Mortgages
FHA Secure programs
Home Improvement loans
Interest Only Loans
Bad Credit Mortgages
FHA Reset Program

Fresh Start Mortgages
Mortgage Refinancing
Zero Down Loan Programs
1st Time Home buyers
FHA loan with No Credit
Current Home Mortgage Rates

Apply Today

I posted about the FHA loan limits going up, but forgot to include the Jumbo loan limits.

You can visit HUD's website or go directly to https://entp.hud.gov/idapp/html/hicostlook.cfm

Place your state, and all the counties will show up. 

Go to Limit Type and scroll down from 'FHA Forward' to 'Fannie/Freddie'.

North Carolina FHA loan limits had a huge impact, but the conforming loan limits were still at 417k.

Only a few cities like Elizabeth City  (MICRO), and Kill Devil hills had an impact.

A lot of cities in CA had their conforming loan limits go to 729k!!!!!

FHA Loan limits have gone up today for most of the United States.

The bottom limit is now $271,050, and some areas have gone up to $729,750.

Make sure to check current FHA mortgage rates to see if this may lower your current mortgage rate.

FHA Home loans have been around a long time, and have been helping millions of 1st time home buyers.

FHA mortgage refinances have been helping many homeowners to get out of high rate ARMs.

Charlotte went from 200k to 230k, and now we're at 303k!

Current VA rates have lowered to 5.5% - APR 5.89%

This is really good news for veteran borrowers who are looking for a VA home loan.

A VA mortgage loan can assist many homeowners with a no down payment, and also for those that need a bad credit mortgage.

VA home mortgages can assist a 1st time home buyer or a 2nd time home buyer. You're can use the VA home loan as many times as you move to a new home, and not currently using it.

VA home refinances have also been helping homeowners that are in 2/28 ARMs, and those that have been looking for a low VA mortgage rate. You're also able to do a VA streamline refinance (IRRRL) if you currently have a VA home loan.

Charlotte Home Mortgage Loan

Hey guys....just noticed that the big G updated their page ranks.

My North Carolina Mortgage website was a 1....and now went to a page rank 2.

I know that mine is a low pagerank but my domain was created on Aug 2007.

Domain age may affect in how Google determines your PR or how it is ranked in the search index.

Most of my webpages had a 0, and has now gone to a PR2. Backlinks is a huge factor in determining your PR.

Make sure to always use anchor text (back links) to gain a higher PR ranking.

For example.

Never place your website like this http://carolinahomerates.com

Never put a keyword w/out a link. FHA current rates have dropped.... (incorrect)

FHA current rates have dropped....

To check your PR..you can download the google toolbar OR visit PR checker

Charlotte Home Mortgage

North Carolina FHA mortgage applications have been rising with the new FHA loan limits.

The current FHA rates have been on the rise, but borrowers are still refinancing from their subprime ARMs.

Charlotte FHA Loan limits have risen to 230k, and may rise again to 271k within 30days.

Charlotte NC has been experiencing a growth spurt with the new residents moving from across the US.

With scores as low as 400, and a 12month positive history, the FHA borrower maybe a prime candidate for FHA.

A Charlotte FHA mortgage broker may have access to FHA lender that may offer manual underwrite.

It's important to find a lender that offers this FHA feature. It may make or break your deal.

FHA mortgages still allow FHA rate term refinances to 97.75%, and FHA Cash out refinances to 95%.

Low FHA current mortgage rates

 Salisbury Home Mortgage Lender

Why Choose Us?

We offer a wide range of Salisbury home mortgage solutions.

We specialize on all Salisbury home loan types.

We promise to provide you with the best possible Salisbury mortgage terms.

Because our representatives are Salisbury mortgage loan experts, and can help you with making the right decision.

We offer fresh start mortgages to those with past bad credit problems (foreclosure, bankruptcy, judgments, and collections).

We search investors for the best available Salisbury mortgage products and mortgage rates.

We have the best mortgage rates for all credit grades in North Carolina.

VA Loans & FHA Loans
Fixed Rate Mortgages
Refinance Cash Out for any reason
Super Jumbo Mortgages
FHA Secure programs
Home Improvement loans
FHA Reset Programs
Interest Only Loans
Bad Credit Mortgages
FHA Bankruptcy Buyout
Mortgage Refinancing
Zero Down Loan Programs
1st Time Home buyers
FHA loan with No Credit
Current Mortgage Rates 

Apply Today

Arden Home Mortgage Lender

Why Choose Us?

We offer a wide range of Arden home mortgage solutions.

We specialize on all Arden home loan types.

We promise to provide you with the best possible Arden mortgage terms.

Because our representatives are Arden mortgage loan experts, and can help you with making the right decision.

We offer fresh start mortgages to those with past bad credit problems (foreclosure, bankruptcy, judgments, and collections).

We search investors for the best available Arden mortgage products and mortgage rates.

We have the best Arden mortgage rates for all credit grades in North Carolina.

VA Loans & FHA Loans
Fixed Rate Mortgages
Refinance Cash Out for any reason
Super Jumbo Mortgages
FHA Secure programs
Home Improvement loans
FHA Reset Programs
Interest Only Loans
Bad Credit Mortgages
Bankruptcy Chapter 13 Buyout
Mortgage Refinancing
Zero Down Loan Programs
1st Time Home buyers
FHA loan with No Credit
Current Mortgage Rates

Apply Today

The new FHA mortgage limits was raised by the final signature needed by President Bush.

The Economic Stimulus Act was signed on February 13th which included higher loan limits for FHA.

$271,050 is the new FHA floor limit, based on 65% of Freddie Mac current loan limits. 

The previous floor was $200,160 based on 48% of Freddie Mac loan limits.

HUD FHA has 30 days after enactment to define the Area Median Prices (AMP), and publish the new loan limits.

The new limits will be the lesser of 125% of the AMP or $729,750 which is 175% of 2008 Freddie Mac limits.

All low median loan limits will go to $271,050. The areas with high AMP can go as high as $729,750.

FHA Daily Mortgage Rates

Yahoo says 'Get a life Microsoft...we're worth more than 40bucks a share'.

Well maybe not in those words but Yahoo once again refuses Microsoft's bid

Microsoft has 40USD per share while the Yahoo share is trading around 29dollars.

They want at least 48per share which will be approximately another 12billion for Microsoft.

When Monday comes around....I'm sure Yahoo's share will drop due to their prideful thinking.

These two companies need to work together against the giant Google.

For the sake of consumers....Can't we all just get along?

Charlotte Home Mortgages FHA Loans Current Home Rates

The Current FHA rate has lowered to 5.375% - APR 5.703%.

This is really good news for those who are looking for a mortgage from FHA.

The FHA home loan has been assisting many homeowners with a low down payment mortgage program, and also for those that need a bad credit mortgage.

FHA mortgages can assist a 1st time home buyer or 2nd time home buyer. You're can use the FHA loan as many times as you move to a new home.

FHA refinance has also been helping homeowners that are in 2/28 ARMs, and those that have been looking for a low FHA mortgage rate.

Charlotte Home Mortgage Loan 

It seems everyone is out to bring down the  Jolly Green Giant AKA Google.

With just 43 billion dollars (USD of course), we can make history. Microsoft's bid seems a bit steep for Yahoo.

What makes me wonder is where did Microsoft get this money? Did they have it under some huge matress?

Did Mr. Gates have to dig in into his 'small' checkings account?

I wonder how they plan on paying Yahoo. (I think Yahoo only accepts money orders)

I hope Microsoft didnt borrower the money from Bank of America.

It seems that BofA has their own billion dollar purchase.

Question: If you were a billion dollar company...would you buy Countrywide for 4 Billion or Yahoo for 42 Billion?

Charlotte Mortgage Lender FHA Loan Charlotte Home Mortgage VA Loan Charlotte Super Jumbo Loan

I can't believe they're planning a comeback. SPICE girls seem to be doing well, and now we have NKOTB!

It will be really funny to see Donnie Wahlberg back to singing.

I thought he was doing pretty good with the movies, and he hated it when everyone would mention his old group.

Some actors have a hard time coming out of their 'teen years', and never make it big when they get older.

New Kids Back again!

Who thinks they will make a great comeback? C'mon I know at least someone here went to their concerts.

Mortgage Loans in Charlotte Current Home Mortgage Rates

Current Mortgage Interest Rate have dropped due to our market decline this morning. A lot of people are

thinking that the FED's rate cut this morning helped the rates to go down. What they failed to realized was that

Bank of America reported 4th quarter losses, AMBAC 3.26 Billion dollar loss, UAL 53 Million dollar loss, and the

fear of recession. Mortgage Rate tend to follow the 10yr bond notes, but are tied to mortgage back securities.

There are a lot of lenders offering mortgage rates in the low 5's, and super jumbo mortgage rates in the mid 5's

on ARMs. FHA Loan rates have also been dropping, and it's having a huge effect on this economy for those with

low credit scores. Freddie Mac reported the rates around 5.69% 0.5 points on January 17. Finding the

right mortgage lender is going to be a lot easier with the low mortgage rates this quarter.

Robert - Today's Interest Rates

I'm still confused in how Google operates their PageRank. I lot of SEO individuals state that the PageRank (PR) has no bearing in being in the top 10 for a google search word.

For example, the keyword fha secure programs has been showing my website in the top 3 for google for the last couple of months.

This page is only ranked as a PR 1. Some others that are located in the top 10 are ranked 2 or higher.

Homepossible Mortgages also ranked in the top 3, and only a PR 1.

Super jumbo mortgage charlotte shows up as Gray on the PR, and is ranked #2 today.

My Active Rain North Carolina Mortgage Lender blog is ranked PR 3, and is located as the #3 listed.

What surprises me is my Request More Information page is a PR 2, and it doesnt have any information!

Charlotte Home Mortgages has been greyed out, but it located in the top searches also.

I just think it's funny how things operate....and just when you 'think' you figured it out....Google updates their PageRank settings again!

Located in Charlotte North Carolina we specialize in great customer service, and are backed by the largest Charlotte home mortgage lenders in the country. Let us put our Charlotte home mortgage resources to work for you in financing your new home!

Carteret Mortgage is one of Charlotte's largest home mortgage broker, and works with over 440+ mortgage lenders. Carteret Mortgage is proud to be serving Charlotte homeowners with Charlotte refinancing, and purchase money mortgages. We will provide Charlotte's best home mortgage rates, mortgage calculator, mortgage quotes, mortgage lender, and many more!

Current Mortgage Rates FHA Mortgage Loans

Just taking a poll to see who here actually worked on Thanksgiving.

Any realtors have any open houses or take any buyers out shopping for a home?

We are in desperate times with the home depreciation in most areas, and other factors causing homebuyers to flee!

In Charlotte North Carolina things have been steadily increasing, but the cold weather has been pushing clients away.

Charlotte has also been experiencing a huge drought, and everyone's lawns seem to be all dried up!

Try to explain this to a out-of-towner, and see how many questions they ask you about these occurences.

Charlotte North Carolina Mortgage Lender