We have a new “Ask the Expert” interview today with Renee Hendricks, Home Loan Specialist. Renee, I have several questions concerning going from homeless to homeowner. 1. Renee, if a person does not have a permanent address currently how long must they have a permanent address to qualify for a home loan? We must provide...Read More
Over the years, we have seen that residents in the community have many questions about borrowing for a home purchase. We are asking our Whitley Mortgage Associates, Home Loan Experts, important questions and will be bringing you the answers weekly. Today we ask Renee Hendricks this question: Renee, when a veteran has filed bankruptcy,...Read More
By now, everyone that pays attention to the economy and the housing industry in particular has heard about how difficult it is obtain a home loan. It is a new lending environment where underwriting is more stringent and banks and their underwriters are more prone to over scrutinizing applicants than ever before. However, there are...Read More
This is exciting news for the Charlotte metro area. Please see the two articles referencing the Charlotte area’s growth. Charlotte Ranked #1 and Raleigh Ranked #2 among Fastest Growing Cities in the US. http://money.cnn.com/galleries/2012/real_estate/1204/gallery.US-Cities/?iid=HP_LN Earlier this week Charlotte Douglas International Airport was named the 6th Busiest World Airport! http://www.charlotteobserver.com/2012/04/04/3148805/charlotte-douglas-now-sixth-busiest.htmlRead More
Mortgage rates fell slightly to start off the week of April 9, 2012. Even though the unemployment rate fell to 8.1% for the month of March 2012, the number of non farm jobs added was well below expecations. With most major US Markets closed for Good Friday, Monday was the first day for the less...Read More
Did you know that you can obtain a no cost loan thru Whitley Mortgage? Whether you are looking to refinance an exisiting mortgage or purchase a new home, we can provide you with zero cost financing. Here is how it works…Let’s say the best available rate for a 30 yr fixed is 3.875%. The normal...Read More
One of the latest attempts to kickstart the lagging housing market and refinance market has been implemented by the Obama administration. HARP (home affordable refinance program) allows greater underwriting flexibility for borrowers to potentially take advantage of historically low mortgage rates. Eligibility guidelines have been expanded to allow for even those homeowners with negative equity,...Read More
