Michele Zelvis is a seasoned mortgage loan officer. Licensed in North Carolina for over sixteen years, Michele has extensive experience in originating government insured mortgages. This includes VA and USDA 100% financing and FHA insured mortgages. Because of her government insured home loan experience, Michele works with many first time home buyers and she also [...]
Getting the best mortgage rate by predicting when lenders will change their rates
One of the most crucial parts of a mortgage loan are the terms. Since mortgage rates are constantly changing, sometimes several times throughout the day it is nearly impossible for consumers to know if they are getting the best deal. Once could argue that if they lock in a rate they are happy with that [...]
Why credit cards are better than cash
We’ve all been taught that cash is best and to avoid credit. This advice is now bad advice and no longer applies if you pay your balance in full each month. If you use cash instead of credit you are losing a lot of money. See how to make money on everyday purchases, protect yourself [...]
Buy a home- no appraisal, seller paid closing costs and only 3% down!
Yes It’s true…If you are looking for a primary residence you could get a loan with no mortgage insurance, no appraisal, seller paid closing costs (up to 3.5% expires October 1st, 2011) and only need 3% as a down payment! You must have a credit score of at least 660. This is offered by Fannie [...]
Raleigh home loans-no down payment, no mortgage insurance and much more!
What kind of loan allows for no down payment, 30 year fixed rate loan, no monthly mortgage insurance, allows some or all closing costs to be financed into the loan (if property appraises for more than the purchase price), is not limited to first time home buyers and has no loan limit? Why that would [...]
Current mortgage rate trends for North Carolina July 27, 2011
Current mortgage rate trends improved. If you are closing your loan in 7 days or less I suggest you lock. If more than 7 days I suggest you float but lock at the first sign of rate improvement. I’m not convinced mortgage rates will improve much more. The weekly jobless claims report comes out tomorrow. [...]
Current mortgage rate trends for North Carolina July 26, 2011
Current mortgage rate trends improved today. This is due to the demand for 2 year Treasury notes that were sold today at auction. 35 Billion dollars worth of 2 year bonds were sold today by the Fed. With all of the political strife regarding the debt ceiling you would think it would have an impact [...]
The reason I love working as a mortgage loan officer
The reason I love working as a mortgage loan officer. It isn’t all about making money or just a job. It’s something much more that touches our soul. Through the day in and day out challenges of our demanding jobs we should congratulate ourselves for how much we do for others. Even if they don’t [...]
Happy Friday North Carolina! Week in review July 22, 2011- mortgage news
A short recap of important mortgage news from this week. Wells Fargo must pay 85 million in fines to customers with good credit for steering them into subprime mortgages, mortgage rates for the week and if you have a loan above 417,000 be prepared, it may be denied without any notice. At the end of [...]
Warning! Your loan may be denied without notice. Current mortgage rate trends July 21, 2011
Warning: Your loan may be denied without notice. If you are approved for a home loan or are a Realtor® with a client approved for a home loan you need to watch this video. Also, today’s mortgage rate trend report. Do you know which bank recently got fined one of the biggest fines ever handed [...]