Deanna Valeo
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More House with the Same Payment: FHA just got better! January 21, 2015

With the new monthly mortgage insurance announced earlier this month FHA, loans just became more affordable. FHA Loan underwriting is more flexible and now it will make more sense for buyers to use FHA when they purchase. FYI: We do 3% down payment Conventional loans for first time buyers too! Deanna Valeo Cell (704) 488-1421  NMLS 91421 Todd Croy Cell (704) 488-7763  NMLS 91428 We look forward to helping and putting s read more

Charlotte Real Estate News January 19, 2015

With mortgage rates approaching all time lows and foreclosures at the lowest level since 2006, the world of Charlotte real estate is sure to bring about plenty of excitement this week. Here are some of the stories we've been keeping our eye on. Mortgage rates approach all time lows The Charlotte Business Journal reports that The U.S. Treasury's falling yields, continue to drag mortgage rates lower, with the average rate on a 30-year fixed-rate mortgage approaching an all-t read more

Seven Tips for Selling a home in Winter January 6, 2015

Listing your home for sale during winter months can have great advantages as well as challenges. Homes generally sell for higher prices during the winter because there is usually less inventory from which to choose. However, your home may not show as well during this time, due to dreary weather and lack of appeal in winter land scape. There are many things you can do to make selling your home in the winter easier! Capitalize o read more

Charlotte home sales up 4.8% in November; housing inventory remains tight December 30, 2014

As we near the end of the year, home sales are up but inventory is decreasing in the Carolinas. The Valeo-Croy Team at Fairway continues to offer great rates to our buyers and explain the benefits of purchasing in this market over renting. Are you looking for a fantastic home and need a company who will communicate with you every step of the way? Charlotte home sales up 4.8% in November; housing inventory remains tight According to the Charlotte Business Journal a read more

10 Great Tips on How to save for your Home Downpayment December 29, 2014

What you get by achieving your goals is not as important as what you become by achieving your goals.                                                                                     -Henry David Thoreau Sometimes it can feel l read more

Escrow Hold Backs Can Save Your Buyer’s (or Seller’s) Day October 20, 2014

Have you ever had a problem where a seller lacked the funds to do a required repair prior to closing? Even if you have never had this actually kill your sell, chances are you have encountered this situation in some variation and it made for some very stressful last minute maneuvering and delayed closings. An Escrow Holdback can save you these headaches and just might save your transaction one day. An escrow holdback is when funds (typically on the seller side) are held at close u read more

97% North Carolina Housing Finance Agency loans are great for any buyer October 15, 2014

The North Carolina Housing Finance Agency (NCHFA)has just released new details on its conventional loan product. As a refresher or for those unfamiliar; NCHFA offers a 97% conventional loan, with a 2% down payment assistance, leaving only a 1% down payment required from the buyer.  Rates available at this link. Here are the basics: 97%  loan to value loan  with 2% down payment assistance (2nd Mortgage) available, for a minimum of 1% borrower c read more

Get a new pool with your new house; A Pool Holdback can keep cash in your pocket September 15, 2014

HomeStyle Renovation make up our core mortgage products, but unique Escrow Holdbacks (including a POOL Holdback) are available as well. So you want a pool in your new house or an existing house. You have found the perfect house but it doesn't have a pool and you want to finance it into the purchase of your home. Most lenders do not allow for a "pool holdback" however First Choice Loan Services has a unique product which allows you to buy your house, get a pool quote and plans, i read more

Realtors: Know your Mortgage Loan Terms! August 27, 2014

Love this information from  Realtor.com  below is their glossary of terms with links to sites that expand on each of these. This is great stuff! Welcome to the  realtor.com ® mortgage terms glossary, featuring 47 frequently-used words and phrases you need to know as a home buyer or a homeowner. (Some definitions contain additional information, examples and answers to common questions. When available, click on mortgage terms to learn more on  realtor.c read more

Mortgage Rates : To Lock or Not August 20, 2014

Mortgages: To Lock or Not? Should you pay for an interest-rate guarantee? Some banks are encouraging home buyers to lock in mortgage rates to guard against rising interest rates; however, borrowers should be cautious: Interest-rate locks often come with fees that can eat into savings and can prove costly if rates go down instead of up.   What exactly are interest Rate Locks? Rate locks allow home buyers to guarantee a certain interest rate on their mortgage f read more

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