Have You Heard?

If you enjoy a good bargain like I do, you probably know about daily deal sites like Groupon and Living Social. The Observer is bringing us their version, Half Off Depot. Today’s deal is 50% off dance classes at Queen City Ballroom.  Enjoy!

News You Can Use

This weekend the Charlotte Observer reported that Simonini Builders is proceeding with spec homes in three high-end neighborhoods.  As the article mentioned, increased interest in home purchases lines up with the activity we’re seeing in our office.  Hopefully the recent rebound in Charlotte’s home market will continue as first-time and move-up buyers try to purchase a home in time to get a tax credit.

With most mortgage programs requiring a minimum credit score of 620, some prospective homebuyers are nervous about getting preapproved because they’re unsure of what their credit report may contain.  My advice for these clients is that the smartest strategy is to proceed with the preapproval so we can review their report together for understanding and clarification.  If necessary, we can then develop a plan to get them in the position to buy a home.  Hoping derogatory credit information goes away often doesn’t work but credit knowledge and efficient actions will!

My main operation base is our SouthPark office but like many of you I have times when I’m on the go – to a closing or an appointment – and it’s important that my office is a mobile one.  I thought these ten tips for those of us on the go were useful reminders about mobile offices’ best practices and worthy of sharing.

The first half of the week looks to be exciting in the world of mortgage rates.  We have a report tomorrow on retail sales and then Fed Chairman Ben Bernanke will speak at noon.   Then Wednesday will bring October’s Consumer Price Index report.  In the latter part of the week the bond market will likely take its lead from the stock market’s performance.

Featured Loan Program

Jumbo ARMs

Cunningham & Company offers below market rates on Jumbo ARM loans.

• Owner Occupied or Second Home
• 3/1, 5/1, 7/1 and 10/1 ARMs available – Fully amortizing or Interest Only
• Minimum credit score of 700
• 30 and 40 Terms available
• 75% max Loan to Value

Have You Heard?

Have you heard about Charlotte’s Organica Deluxe – an eco-friendly online boutique?  If you haven’t, there’s an opportunity to check out what they’re all about at their Pop-Up-Shop at Phillips Place.  Best part – you can support a local business while finishing (or starting) your holiday shopping!

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