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| Wilmington Homes For Sale NC Real Estate Property |
"Working For You To Solve Your Real Estate Needs" Short Sale & Foreclosure Certified |
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We all know the importance of having an accurate credit report and a good credit score. Still, many of us have no idea what our credit score is, nor do many people know what is on their credit report. Here's an easy way to find out. More Here are the phone numbers of the three major credit reporting bureaus and the Social Security Administration in case of credit fraud Equifax: 800-525-6285 Experian: 888-397-3742 (formerly TRW) Trans Union: 800-680 7289 Social Security Administration: 800-269-0271 (fraud line) **************************
Current Interest Rates
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for additional information on FHA Loans |
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Click For Our Mortgage Calculator
Mortgage Money IS AVAILABLE
Despite what you read or hear Mortgage Money IS available with little or NO down payment!! And Mortgage Rates are at all-time lows.
The mortgage housing programs below are 100% financing programs that can help you obtain homeownership. Contact me to assist you in determining eligibility and other specific requirements.
Wilmington City HOP Program
For information on the City of Wilmington Home Ownership Pool Program, where you can get 30% or 40% of the purchase price of your home interest free, click on the logo below. The home must be located within the city limits and you must qualify for this program.
 Home Ownership Pool 
USDA Rural Development Loan Program
For a USDA loan with possible 100% financing click the logos below for a map of eligible areas.
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These Mortgage Professionals can guide you through the entire process of qualifying for a mortgage. Contact them for the latest mortgage programs available and for the ever-changing daily mortgage rates!
"Despite what we hear in the media, the mortgage market is alive and well and I have money to lend!"
Click above logo to access the latest You Magazine articles brought to you by JD Terry
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Click here for Today's Mortgage Rate
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Mortgage Interest Rates for Fixed Rate Mortgages*
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Rates as of Friday,18th November, 2011:
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Term
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Conforming
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APR
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Payment per
$1,000
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Jumbo
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APR
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Payment per
$1,000
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30 yr Fixed
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360
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4.125%
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4.250%
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$4.85
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4.65%
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4.736%
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$5.16
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15 yr Fixed
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180
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3.375%
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3.591%
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$7.09
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4.125%
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4.273%
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$7.46
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FHA
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360
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3.75%
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3.872%
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$4.63
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%
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0.000%
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$0.00
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VA
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360
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3.75%
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3.872%
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$4.63
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%
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0.000%
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$0.00
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5-1 ARM
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360
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2.50%
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2.613%
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$3.95
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2.75%
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2.827%
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$4.08
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5-1 ARM Interst-only
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360
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2.625%
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2.739%
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$2.19
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%
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0.000%
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$0.00
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USDA
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360
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3.75%
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3.872%
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$4.63
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%
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0.000%
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$0.00
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*Rates are subject to change due to market fluctuations and borrower's eligibility.
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**APR for the conforming rate is based off of a loan amount of $200,000. APR for the jumbo rate is based off of a loan amount of $500,000** **Rates are quoted based off a full documentation loan, purchase of a primary residence, middle credit score of 740, 1% Origination and no points**
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Upside Down?
You Can Refinance Up to 125% of Your Home's Value
 Even if you owe up to 125% more on your mortgage than your home is worth, you may be able to refinance. For example, if your home is worth $200,000 but you owe more than that, qualifying homeowners can now refinance up to $250,000.
According to First American Core Logic, more than 15.2 million homes had negative equity in June 2009. This represents nearly 33% of all mortgaged properties across the country. Where in the past, being upside down on your loan would have precluded your ability to seek relief, you now may have an opportunity.
The Making Home Affordable program was initially structured to accommodate homeowners with a new loan to 105% of their home's value. However, that amount has been increased to 125%. There are requirements to qualify including whether your loan is currently owned by either Fannie Mae or Freddie Mac. You can find out if your loan is held by either agency by visiting http://makinghomeaffordable.gov/loan_lookup.html.
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 Olympic Mortgage Consultants
Kent Stanton
Mortgage Consultant
Cell (910) 279-3003
Phone (910) 794-8353
Fax (910) 794-8360
kents@olympicmc.com
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How Much Can You Afford?
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 | - Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying. Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs. To email yourself a copy of the results, click the Receive this Detailed Analysis link. |
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Required
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Optional
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Results
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Receive this Detailed Analysis
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Your Monthly Payments
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| What You Can Afford |
| We are using the % ratio.
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| Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate) |
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