A portfolio mortgage presents a distinct lending choice for borrowers seeking flexibility and personalized financing. Unlike traditional mortgages that are quickly sold to investors, portfolio loans are held by the lender, often a local bank or credit union. This direct lending structure can yield perks for both lenders and borrowers. For exampl… Read More

Facing foreclosure due to challenges making house payment payments and considering Chapter Seven bankruptcy? It’s crucial to grasp how Fannie Mae, formerly the Federal National Mortgage Association, fits into this complicated situation. Usually, Fannie Mae doesn’t directly show up in a Chapter 7 case. They are a major investor that buys mortgag… Read More

Planning to buy a property in the Tar Heel State? It's crucial to understand your projected regular home loan costs. Our free North Carolina home loan calculator allows you to quickly determine just that. Simply input your target home principal, interest rate, initial payment, and property taxes; the calculator will then provide an projection of… Read More