Mortgage Lenders for Your Charlotte Home Loan One of the least understood aspects of Charlotte home loans is the different types of lending that is available to buyers. Most buyers mistakenly assume they have to obtain a home loan from a traditional savings and loan. There are several different types of lenders; here are the main types of mortgage lenders and how each of them function: Mortgage Bankers: Mortgage bankers are loan originators that operate with the sole objective to sell the loan they create to another source. Even though they will sell the loan they must have the ability … Continue reading...
City of Charlotte to Annex 3.8 Square Miles
The City of Charlotte is growing! Charlotte City Council recently approved the annexation of 2,434 acres of unincorparated land in the Charlotte area. This will include approximately 4,100 residents within three unincorporated areas in Mecklenburg County and will be effective June 30. The areas which will be incorporated include: »Rhyne, 289-acres north of Mount Holly-Huntersville Road, to include the Cedar Mill community »Whitehall, 665-acres southwest of the Charlotte, to include sections of the Whitehall and Renaissance Center business parks, the Villas at Laurel and Carrington Place … Continue reading...
What’s the Difference Between Foreclosures and Short Sales?
You've got to love reading through some of the Q and A on Trulia questions! I always love to clear up the consumer's questions that seem to be so plain and simple for us but, not so simple for those who are not in our business. Here's the short version of a recent question that I thought needed a bit of clearing up: What is the difference between a foreclosure and a short sale and which is the best one to buy? In response to the initial question - The difference between a foreclosure and a short sale is that a foreclosure is owned by the bank and a short sale is still owned by the … Continue reading...
Increase Your Charlotte Home Value with These Renovation Ideas
Increase Your Charlotte Home Value with These Renovation Ideas Whether you’re planning on selling soon or just want a comfortable home to live in now, or a project for spring or the New Year, here are five projects that increase your Charlotte home’s comfort and value: Unveil hidden hardwood floors: Is there hardwood flooring hiding beneath your Charlotte home’s carpet? If you're not sure, pull up the carpet in an unnoticeable corner and investigate; this can easily be done with a flat head screwdriver. If you find wood floors, you’ll probably need to refinish them, but that’s a lot less … Continue reading...