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pmi

What is Private Mortgage Insurance (PMI)?

What is PMI? Freddie Mac defines PMI as:  that is required for all conforming, conventional loans that have down payments less than 20%. Once you’ve built equity of 20% in your home, you can cancel it and remove that expense from your mortgage payment.” As the borrower, you pay the monthly premiums for the insurance policy, and […]
Matt Morano
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whyme

Matt Morano, certified new home co-broker.

Matt Morano, Certified New Home Co-Broker. Here is why you should never walk into a model home alone. The new home sales representative only represents the builder. I, as your Realtor, will represent your interests. Realtors sell up to 90% of new homes in the Lake Norman area. I help you stay closer to budget. […]
Matt Morano
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2018rates

Where are mortgage rates headed in 2018?

Heading higher… According to Freddie Mac’s U.S. Housing Marketing Outlook, interest rates are expected to slowly but surely head higher in 2018.  What does this mean for you if you are considering buying a new home? Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest […]
Matt Morano
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va

What is a VA loan?

Since the creation of the Veterans Affairs (VA) Home Loans Program, over 22 million veterans have achieved the American Dream of homeownership. Many veterans do not know the details of the program and therefore do not take advantage of the benefits available to them. If you are a veteran or you know someone who is, […]
Matt Morano
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rates rising

Mortgage rates on the rise so far this year.

But that’s not necessarily bad news. Mortgage rates are on the rise so far this year. But that’s not a bad sign! In a good economy, rising mortgage rates increase demand as many prospective purchasers immediately jump off the fence to guarantee they get the lower rate. As seen in the graphic, home prices APPRECIATED […]
Matt Morano
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Free list Mooresville (Time 0_00_00;00)

Free list of new homes in Mooresville

Get your free list of new construction move-in-ready homes in Mooresville in the $200,000 to $400,000 price range. Or, if you prefer, tell me where you want your new home and I’ll email you what’s available! Click here for the list. This is a great time of year to buy.  Incentives from area builders can […]
Matt Morano
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20180625-KCM-ENG

Buying a home may be easier than you think.

Thinking about buying a home and not sure you can afford it? You may think you don’t have enough saved for a down payment, or believe your credit score is too low. The chart below shows the distribution of FICO® Scores for all loans approved in May. And keep in mind some loans only require […]
Matt Morano
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