Buying or refinancing? The mortgage rate frenzy is back

Mortgage rates are nearing historic lows again in the United States, making it an ideal time to buy a home — or refinance. This is the opposite of the steadily upward movement of rates that experts forecast for 2019. Average rates are around 3.82% nationally for 30-year-fixed mortgages, after peaking near 5% in November. When [...]

By |July 8th, 2019|Mortgage Approval Process, Mortgage Closing Process, Mortgage Payments, Mortgage Programs, Mortgage Rates|Comments Off on Buying or refinancing? The mortgage rate frenzy is back

What does the 2019 Mecklenburg County 2019 Tax Assessment Re-evaluation Mean to You?

Mecklenburg County is mailing hundreds of thousands of updated property value notices to owners starting Wednesday, and people should be prepared to see a big jump in their assessments.  The county has completed its revaluation of about 371,500 parcels in Charlotte, the county and the surrounding towns. It’s the first revaluation since 2011, when thousands of [...]

By |February 4th, 2019|Mortgage Programs, Mortgage Rates, Taxes|Comments Off on What does the 2019 Mecklenburg County 2019 Tax Assessment Re-evaluation Mean to You?

Loan Limits Increase to $484,350

Given the rapid run-up in home prices over the last year, it's no surprise that loan limits will also be going up in 2019.  The Federal Housing Finance Agency (FHFA) announced that the maximum conforming loan limits for mortgages eligible for acquisition or guarantee by the two government sponsored enterprises (GSEs) Freddie Mac and Fannie [...]

By |December 28th, 2018|Mortgage Programs, Mortgage Rates|Comments Off on Loan Limits Increase to $484,350

Brokers prepare to shake up mortgage lending – here’s why

Times are tough for mortgage lenders, as evidenced by the multiple layoffs seen across the mortgage industry. In fact, the nation's small and mid-size mortgage lenders are closing up shop at a record pace, according to this article in The Wall Street Journal. HousingWire Editor-in-Chief Jacob Gaffney explained that the takeaway on this one is [...]

By |December 21st, 2018|Mortgage Programs|Comments Off on Brokers prepare to shake up mortgage lending – here’s why

Builder Speculative Financing.

When it comes to custom builder construction loans, banks tend to shy away that type of financing due to the risk that may be involved. Leverage Lending Group offers a very aggressive builder speculative lending line of credit for a wide range of custom builders. To make this simple, the way this works is that [...]

By |December 14th, 2018|Mortgage Programs|Comments Off on Builder Speculative Financing.

First Time Home Buyer Basics

Buying a home isn’t as scary as it may seem.  You’ve probably heard horror stories from friends who had “the most awful experience ever” while trying to get into a home.  It’s true there are a lot of moving pieces to the process and it can be complicated, but we’re here [...]

By |March 27th, 2018|Mortgage Programs|Comments Off on First Time Home Buyer Basics