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Mortgage Loans Category

How to Buy Your First Home with NO Money Down, That’s Right $0 Down!

December 3rd, 2014 Leave A Comment Listed Under: Mortgage Loans, Real Estate

piggy bank

Skip to No Money Down Loan Info: Get Pre-Approved | FHA Variants | Government Loans | Credit Unions | New Physicians & Dentists Most people renting recognize that home ownership is the way to go, if you can afford it (see our Rent vs Buy post if you're not convinced), but simply don't have the 5%, 10% or 20% to put down on a home.  Add closing costs of a few thousand dollars and moving expenses and owning a home seems out of reach....Continue Reading!

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Grant Loans from Fairway NC – $0 Down!

November 18th, 2014 Leave A Comment Listed Under: Mortgage Loans, Real Estate


Fairway Independent Mortgage is offering a new grant program that once again makes zero down financing possible for almost everyone! There have always been zero down home loans available in the market, but since the banking crisis in 2008, the options dramatically shrank and typically had restrictions for the neighborhood you could live in. Veterans could obtain a zero down home loan and USDA Rural Housing loans offered a zero down option for homes in rural areas, but what if...Continue Reading!

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Rent or Buy?

November 12th, 2014 Leave A Comment Listed Under: Buy a Home, Mortgage Loans, Real Estate

home owner net worth

 Buyer Agent Bobby McDonald of The McDonald Group at Wilkinson ERA breaks down the rent vs. buy decision for the Charlotte area. Check out his Zillow reviews or sign up for your FREE 1st Time Home Buyer Guide below. One of the most common questions from 1st time home buyers is whether or not they should buy now or wait for another year (or two).  There's actually a lot packed into this question and as such, I thought it would be useful...Continue Reading!

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Don’t Wait- 5 Reasons to Sell Now

September 30th, 2014 Comments Off on Don’t Wait- 5 Reasons to Sell Now Listed Under: Mortgage Loans, Real Estate

monthly payments

I thought everybody sold in the spring, so why would I sell my home now?  Here are 5 reasons! Affordability Will Go Down! Interest rates are going up, and what that means to you is that in the spring,  fewer people will be able to buy your house, and once it is sold,  you will be able to buy less in the spring at higher rates.   Check out this chart. So if you could afford a $2,026 mo mortgage payment today, when...Continue Reading!

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Why are Mortgage Applications SO Crazy?

August 6th, 2014 Leave A Comment Listed Under: Mortgage Loans, Real Estate

mountains of paperwork

What if I told you that the average mortgage file in the U.S. has grown from around 100 pages to almost 500 pages in the last few years? What if I told you that approximately 30% of real estate transactions nationwide either don’t close or close late… primarily due to mortgage related problems?  Well both of the statements above are true, but in spite of that we have customers telling us almost everyday that, “this was the easiest mortgage process I...Continue Reading!

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Jumbo Loans Are BACK in Charlotte

May 24th, 2014 Comments Off on Jumbo Loans Are BACK in Charlotte Listed Under: Mortgage Loans

2015 carmel rd

Luxury Homes Need Jumbo Loans   Well most of us do! When buying a home in the $ 1 to 2 Million Dollar range, if you don't have the cash chance are you will need a Jumbo loan. Jumbos are different. The conforming market has become so regulated that in many cases the jumbo is easier to obtain than conventional financing.  Here is Fairways Independent's Sr Mortgage Specialist Olan Carder: Jumbo mortgages had become scarce and expensive in recent years.  A “Jumbo” mortgage is...Continue Reading!

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New Mortgage Rules| The Affect on Home Buyers

January 27th, 2014 Leave A Comment Listed Under: Mortgage Loans, Real Estate

Man thinking about mortgages

What is a Qualified Mortgage? Starting January 10, 2014, lenders must assess the borrower’s ability to repay for virtually all closed-end residential mortgage loans. All Qualified Mortgages (QM) are presumed to comply with this requirement. If a loan does not fall under the (QM) safe harbor, then lenders are under massive liability from borrowers and regulatory agencies, and therefore most will not offer loans that are not (QM) loans. A loan can be classified as (QM) loan in 2 ways. It either...Continue Reading!

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The McDonald Group
Wilkinson and Associates ERA Powered
8604 Cliff Cameron Dr ST 110
Charlotte NC 28269
704-390-6221 Cell
704-393-0048 Office
Licensed in NC & SC
USAA Certified
ERA Luxury Home Certified

Charlotte Communities Online

Terry McDonald [email protected]   704-351-1519

Bobby McDonald [email protected] 704-351-1519