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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
For homeowners wanting something a little different but selling isn’t the answer, remodeling and ‘nesting’ is back in vogue. Nesting is fixing up the home you already own and in spite of some hurdles (tightened belts and reduced HELOCs) it is contributing to a rebound in remodeling activity. This year was a lean one for this sector but signs are pointing to a comeback. Enhancing a home’s strong points and perhaps adding features is a smart move because it positions a home to bring the greatest resale value whenever it is the right time to sell.
For homeowners deciding to stay put and with rates at historic lows, a refinance could be another smart choice. There are several top tips to considerwhen weighing the benefits of a refinance. Truly the best way to evaluate the options is to have a thorough evaluation of your refinancing goals and the short and long term benefits. If you or someone you know is considering a refi, please give me a call – I’ll make the options and their respective advantages/disadvantages clear and understandable.
A new year is just around the corner. That means there’s a whole group of new clients to serve – those wanting to sell, buy, test the waters and everything in between. We all know our existing clients are the cornerstone our business and that new clients are crucial. Finding new clients can be a challenge but each of us has something unique and valuable to offer them. You just have to define it and find the people you can serve the best!
This week is a light one for economic reports. The major ones will be released Thursday and Friday and there’s a Treasury auction on Wednesday. We’re likely to see the most rate movement in the latter part of the week.
Featured Loan Program
FHACunningham & Company offers FHA financing which allows for easier qualification, lower down payment and reduced mortgage insurance.
- Available for 1 to 4 unit properties
- Max loan limit for Charlotte MSA is $303,750 for a single family home
- Fixed rates and ARMs available
- Down payments can be as low as 3.5%
- Less stringent qualifying requirements
- Gifts for down payments and closing costs are allowed
- Will allow a home purchase two years after a bankruptcy and three years after a foreclosure
Have you heard?
Have you heard about Merry Market – Charlotte’s two-day shopping event? Today and tomorrow at 5500 Carmel Park Drive you can wrap up your holiday shopping with fantastic and unique gifts. Vendors include The Purple Martin & Co and Nanniboos - check it out!
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