The 2018 mortgage market looks to be very exciting with changes, so far we have seen some that impact us directly in the Charlotte market

Our communication with all parties in the purchase works because we have different mediums for all parties, from phone, email, text and video updates at all steps throughout the process.  Most importantly I am always available via phone or email for my clients

Max conventional loan limit is now 453100

FHA max limit for the Charlotte region is now  294515

Reduced income needed for borrowers employers who report to the work number

For clients who put down 20% there could be appraisal waivers

Rates are still historically low and we should continue to see low rates

Turn times for our clients have been FANTASTIC with closings being as fast as 16 days for a purchase and most taking less than 30 days

Mark J Scarrow

Senior Sales Manager

Team Scarrow 

 

P   704-719-4096

F   484-594-2266

M 561-889-6400

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