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News You Can Use
What did you think of the Super Bowl and its water cooler worthy commercials? From Betty White getting tackled to Stevie Wonder playing “punch bug,” many were savvy and direct. What if you had 30 seconds to represent you or your company on national television? How would you show prospective clients you are their solution finder and will overdeliver on your promises?Mortgage applications are up and fewer homeowners are seeing declines in value – let’s keep those trends increasing. The Federal Reserve has indicated it will exit the mortgage backed securities market soon – or will it? The Fed sure likes to keep ‘em guessing. What’s for sure is that once the MBS market is back to normal trading, rates will head north. Thinking about refinancing to take advantage of the historic lows? Now’s the time.In real estate news, home sales were up in Charlotte for the 4th quarter of 2009 – the third quarter in a row we’ve seen an increase. As the deadline for the home buyer tax credit nears, we should see a trend. As some local businesses are showing signs of strengthening, we can hope that our region continues to cultivate.Business has definitely picked up which is surely a result of the aforementioned buzz. There’s been a positive energy flowing and it is fun. Dare I say I love my job and this crazy business? I do! Let’s make it a great week and, as always, I’m here to help!Featured Loan Program
Jumbo ARM Programs
Cunningham & Company is able to offer 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
Have You Heard?
Ladies: Want to get an early start on Spring Cleaning? If you have any dresses/shoes/accessories hanging around your closet that you don’t need, here is your solution. Butler High School is collecting new or gently used prom dresses for its second annual Butler Boutique through the 22nd. All proceeds will go to the Emily Rose Scholarship Fund.Enjoy this info? Would you like to receive Monday Money Matters in your inbox? Subscribe here!
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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!
Enjoy this info? Would you like to receive Monday Money Matters in your inbox? Subscribe here!