SELECT LOCATION
Narrow your search to one or more locations listed below. Only properties that match your selection will be shown.
Ballantyne Meadows
Pineville
Charlotte
Foxcroft
Piper Glen
Elizabeth
Dilworth
Myers Park
Uptown Charlotte
Stallings
South Charlotte
Eastover
Charlotte
Wilmore
Mint Hill
South Park
PRICE RANGE
Please specify a minimum and maximum acceptable price that will narrow your results. Your list will display only properties within this price range.
Maximum Price
to
Maximum Price
PROPERTY TYPE
Please select one or more property types. Your results will include properties corresponding to any types selected.
Split Level 2 Story Tri-Level Modular Home Patio Home
2 Story/Basement
Ranch 1.5 Story 3 Story Ranch / Basement
BEDROOMS AND BATHROOMS
Select a minimum number of beds and baths. Only properties that match your selection will be shown.
WHAT TYPES OF LOANS ARE AVAILABLE AND WHAT ARE THE ADVANTAGES OF EACH Fixed Rate Mortgages Payments remain the same for the the life of the loan
Types
15-year 30-year
Advantages
Predictable Housing cost remains unaffected by interest rate changes and inflation.
Adjustable Rate Mortgages (ARMS) Payments increase or decrease on a regular schedule with changes in interest rates; increases subject to limits
Types
Balloon Mortgage- Offers very low rates for an Initial period of time (usually 5, 7, or 10 years); when time has elapsed, the balance is clue or refinanced (though not automatically) Two-Step Mortgage- Interest rate adjusts only once and remains the same for the life of the loan ARMS linked to a specific index or margin
Advantages
Generally offer lower initial interest rates Monthly payments can be lower May allow borrower to qualify for a larger loan amount
WHEN DO ARMS MAKE SENSE An ARM may make sense If you are confident that your income will increase steadily over the years or if you anticipate a move in the near future and aren't concerned about potential increases in interest rates.
WHAT ARE THE ADVANTAGES OF 15- AND 30-YEAR LOAN TERMS
30-Year
In the first 23 years of the loan, more interest is paid off than principal, meaning larger tax deductions. As inflation and costs of living increase, mortgage payments become a smaller part of overall expenses.
15-year
Loan is usually made at a lower interest rate. Equity is built faster because early payments pay more principal.
Instantly read the rest of this important information!
Just fill out the form below and click the SUBMIT
button at the bottom of the form. You'll automatically become a VIP Buyer
and receive this report and unlimted access to over 75 real estate
reports!
Equal Housing Opportunity