Buying a house is a big adventure—and so is choosing the right mortgage. That’s true whether you’re buying a home for sale in Uptown Charlotte, a single-family home for sale in Mint Hill, or even a condo in another area such as South Park or Ballantyne. In some cases, an adjustable-rate mortgage is the right choice. What is an Adjustable-Rate Mortgage? An adjustable-rate mortgage, unlike a fixed-rate mortgage, is commonly called an ARM. It’s a mortgage loan with an interest rate that can … Continue reading...
Why You Need Mortgage Preapproval Before You Start Shopping for Homes in Charlotte
Buying a home is one of the biggest decisions you’ll make in your life—and it makes sense to be as prepared as possible before you take the leap. One of the steps you need to take is to get mortgage preapproval before you start shopping for a house for sale in Charlotte. Why You Need Mortgage Preapproval Before You Start House-Shopping If you’re looking for a home for sale, a preapproval letter can help you determine how much house you can afford. You won’t waste your time looking at homes … Continue reading...
VA Loans in Charlotte: What You Need to Know if You’re a Veteran
If you’re an honorably discharged veteran of the U.S. Armed Forces, you could—and most likely do—qualify for a loan backed by the Veterans Administration. Many vets who are buying a house for sale in Charlotte, NC aren’t aware of all the benefits a VA loan has to offer, though, so let’s dive right in. VA Loan Basics The loan doesn’t actually come from the Veterans Administration, so calling it a “VA loan” is only partially correct. The loan comes from a private lender of your choice, and … Continue reading...