This post is a bit off my normal topics of buying or selling real estate in the Rock Hill SC and Fort Mill SC area, but it has such a powerful message and I wanted to share it with my readers.
While I haven’t always been a big believer in the whole game of ‘mental mastery’, I’m slowly coming around to recognize it’s power and importance. I saw this clip this morning and thought its message was wonderful.
I hope it can urge and inspire you to dream big to go for it!
Filed under Fun Stuff, Opinions, Random Thoughts by 
Actually, regardless of where you’re thinking about buying a new house (even though I’d LOVE to help you find your dream home here in the Rock Hill SC or Fort Mill SC area!), it’s important to know that lending criteria have changed dramatically. I know, I know, no shocker there.
Here’s an interesting commentary from Jack M. Guttentag of Yahoo! Real Estate:
“You’ll probably have to go to homeownership school.
You’ll have to prove you can really afford a mortgage.
You may have to reconsider your location.
And you’ll have to run a gauntlet of scrutiny.
Today’s mortgages are a far cry from boom time home loans, but they do exist and some lenders have money to burn.
“People used to qualify with stated income. Now there is more documentation. And they aren’t just documenting your income, but looking for assets in addition to your income and low debt-to-income ratios and low loan-to-value ratios,” said Asmaa Egal, mortgage broker, Loan Republic Financial in San Francisco.
The new brand of home loan has been customized with tighter controls and fewer defects to replace old mortgage models that crashed and burned when the economy hit the skids.
“You have to qualify. You have to prove your income. They have make-sense underwriting,” said, Quincy Virgilio, 2009 president of the Santa Clara County Association of Realtors and broker-owner Realty World CA Property Network in San Jose, CA.”
So now instead of simply being able to ’say’ you qualify for a home mortgage you’re going to have to actually prove it. I know, a novel idea.
Let me also clear up one common misconception. Many people think that with the way the financial markets are going up and down right now that there it’s impossible to get a home loan. NOT TRUE!
There is money available to purchase your new house here in Rock Hill SC or Fort Mill SC, however, just as the statement above says, you now have to actually prove your income. Yes, it’s a considerably larger pain in the back-side, but until things in the financial markets become more stable I’m afraid it’s what we’re going to have to live with!
Filed under Buy Your Dream House, Home Buyers, Market Trends, Opinions by
Here’s a great explanation of the current credit crisis we’re in, how we got here, and what it means to us as homeowners and investors.
Filed under Carolina Business News, Market Trends, Opinions, Videos by
The magical season for the hometown Carolina Panthers will continue this Saturday at 8:15pm at Bank of America Stadium as the Arizona Cardinals roll into town on the heels of their defeat of the rival Atlanta Falcons on Saturday. The Panthers secured a first round bye and home field advantage by virtue of their season ending victory over the New Orleans Saints in their last game of the regular season and now it’s onto the ’second season’ as many people call it.
It’s pretty exciting to have the NFL Playoffs coming to town and the Panther’s have a pretty good track record in the post-season. The team has previously hosted 2 playoff games at home here in Charlotte, NC and have come out on top in both of those contests. Those were pretty sweet victories as well because they were over the much-hated (at least in my household) Dallas Cowboys.
Even though it won’t be the Cowboys coming to town, the Cardinals will still present a pretty tough match-up, but I think our Panthers are up to the task of showing these birds just how smash-mouth football is suppossed to be played.
My prediction for the game:Â Panthers 28 – Cardinals 14
Filed under Carolina Sports Beat, Charlotte NC, Fun Stuff, Life In the Carolinas, Opinions by
In a recent Business Week article, Rock Hill, SC was named the best place to live in the entire state of SC. According to the article, Rock Hill boasts “warm weather and some of the best public schools in the state.”
A definite kudos to our fantastic little town and it just echos what us residents of Rock Hill have known all along!
You can see the online post right HERE.
Filed under Fun Stuff, Life In the Carolinas, Opinions, Rock Hill SC by
