If you are buying your very first home or your dream home, Cobblestone Mortgage can get you the right loan and Cobblestone Realty can find you the perfect home and sell your existing home in the Charlotte region. A loan officer with Cobblestone Mortgage will provide contact information. Call us for details on loan programs, rates and terms.
With interest rates near all-time lows, many people are refinancing their current mortgages. Here are a few benefits to refinancing you mortgage:
If you are currently "under water", meaning you owe more than your home is worth, you may still be able to refinance your home loan. Call our office to ask about the HARP loan.
Lower interest rate - a lower rate would lower your monthly principal and interest payment
Shorten your term - by reducing an existing 30-year loan to a 15 or 20 year term you could save tens of thousands of dollar in interest charges. You may even be able lower your monthly payment.
Debt Consolidation - by paying off high-interest credit card debt you could save as much as $500 - $1,000 a month. Mortgage interest payments are tax deductible but credit card finance charges are not. Consult a tax professional for details.
Cash-Out - Home improvement, investing in retirement accounts, starting a college fund or even taking that dream vacation can be realized by "cashing-in" on your homes equity.
You may not be quite ready to get that new home yet. If your credit history prevents you from qualifying for the loan program you want, we may be able to help. We can explain the credit reporting process and answer questions that will help you correct any reporting errors. We can also describe how the credit scoring system works and how to maximize your credit scores.
A major obstacle for self-employed borrowers is income documentation and/or verification. Maximizing the
tax benefits of self-employment often results in a low net income figure, sometimes making qualifying difficult. Because our loan officers have had additionally training geared for the self-employed borrower, we can find the right program.
For more details about any of our services or loan programs please CONTACT US via e-mail or call our office at (704) 821-8159
You may be aware that mortgage interest rates change daily. Sometimes many times a day. Many programs have different interest rates. For instance, if a salaried employee of 12 years has a credit score of 770 and wants to refinance to reduce the terms of his current mortgage, he will be given a more favorable interest rate. On the other hand, if someone else is self-employed with no verifiable income, has a credit score of 550 and wants to get $25,000.00 cash out for personal reasons, they may not even be able to get a mortgage loan. In short, there are too many situations and programs to post daily interest rates. Please call one of our experienced loan officers at 704-821-8159 for specific loan programs and complete details.