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North Carolina Mortgage Group, Inc. |
Mortgage Rates Are At a 25 year LOW!
North Carolina Mortgage Group, Inc. is a Mortgage Loan Brokerage company with over 25 years of experience in Raleigh, NC and the entire Triangle. We are locally owned and operated and specialize in refinancing mortgage loans, purchase loans, first time home buyers, USDA loans, VA loans, Jumbo loans, Commercial loans, and can now do 2nd mortgage loans for those that want to keep their first mortgage loan as it is. We welcome questions that you may have about your current or prospective mortgage loan. Will work with you thru the credit reporting agencies to improve your credit and score if needed.
North Carolina Mortgage Group is committed to providing our clients with the highest quality financial services combined with the lowest interest rates available. Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs. Whether you are purchasing your dream home, refinancing an outstanding loan, or consolidating debt, our highly experienced team of loan officers can help you find the right loan program at the lowest rate no matter what your needs are. Our ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come. Unlike many of the larger nationwide mortgage companies that are out there, all your information will be kept secure and private
Our goal is to provide the utmost excellence in client service and support, by guiding our clients through the entire loan process, tailoring solutions to suit client needs and budget, and having all necessary resources to ensure loans close in a timely fashion. We promise to provide you with the best possible home loan terms for your purchase or refinance while our trained representatives analyze your mortgage position and recommend the best loan solution for your unique situation.
Adjustable rates, interest-only, points, no points, prime rates... all that monetary mumbo-jumbo can be overwhelming for most of us. Whether it’s a remodeling job of the home you own in NC or a "re-fi", take charge of your financial life by calling North Carolina Mortgage Group. Call now because rates are at a 25 year LOW!
There are currently two types of conventional refinancing that most NC Mortgage lenders perform to refinance a borrower’s home. The most common mortgage refinance method is called the ‘Refinance Cash Out’.
Refinance Cash Out
A mortgage refinance is considered ‘cash out’ when more than 2% or $2,000 (whichever is less) is received from the equity of the home. Home debt consolidation loans are considered cash out refinances as they take out more than 2%/$2,000 to consolidate their debts. Cash out refinancing is also used toward home improvements or home renovations. Homeowners are updating their homes with new kitchens, garages, decks, sun rooms, patios, mud rooms, bathrooms, basements, attics, landscaping, and maybe a new bedroom. Parents are also taking cash out to pay their children’s future college expenses. Some homeowners take the cash out to invest into the stock market or into a second home. There are only a few homeowners who like to hold the cash in their bank accounts or invest it with an investment property. Cash Out mortgage refinancing may also incur higher mortgage rates than a ‘refinance rate term’. Conventional mortgage loan refinancing may allow go up to 90% of the loan
Refinance Rate Term
A Rate Term Refinance is when a mortgage borrower isnt interested in taking any cash out. They are looking to lower their interest rate or to shorten the mortgage term. Sometimes you can do both because of dropping mortgage rates. A mortgage term can be lowered from a 30yr fixed to a 25, 20, 15, or 10yr fixed term. Whether the current mortgage rate is unchanged or not it is called a term refinance. This type of refinance is uncommon as most mortgage borrowers would like a lower mortgage rate. Rate Term refinances help many borrowers avoid adjusting ARMs or to take advantage of the current mortgage rates. Many mortgage borrowers may have rebuilt their credit score, and would like to refinance out of a subprime mortgage. Rate Term refinances can also help those looking to get out of paying PMI. With home appreciation the borrower will have a new loan-to-value, and may qualify to refinance out of the PMI. A borrower may also take out $2,000 or 2% (whichever is less) of the loan amount. These numbers can’t be exceeded or it will turn into a cash out refinance.
Reasons to Refinance
Hyperlink www.hollyspringschamber.org
Refinance
2nd Mortgages
Convertible
Fixed Rate
Variable (adjustable) Rate
Stated Income
Jumbo Loans
First Time Home Buyers
100% Financing
Second Home
VA Loans
FHA Loans
Home Equity Line of Credit
Reverse Mortgage (RAM)
*Please call for more programs*
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