15-year Fixed Loans are Becoming More Attractive to Borrowers – Charlotte NC Real Estate

Posted by Leigh Brown on Dec 16, 2009 in Real Estate News | 0 comments

With interest rates at an all time low, more and more borrowers are choosing to go with a 15-year fixed-rate mortgage rather than a traditional 30-year fixed rate loan. Rates on a 15-year fixed-rate loan averaged 4.46% last week. Rates on a 30-year fixed-rate loan averaged 4.99% and according to the Mortgage Bankers...

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Second Mortgages – Charlotte NC Real Estate & Finance

Posted by Leigh Brown on Dec 9, 2009 in Real Estate News | 0 comments

With interest rates at an all time low, you might be considering taking out a second mortgage on your home. A second mortgage is a loan that’s secured by real estate that already has a first mortgage. The equity in your home determines the maximum amount of a second mortgage. Equity is the difference between what is owed on...

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