Home Loans | Page 4 of 12 | Mortgage Lenders in Raleigh NC

Jumpstart Your Homeownership Journey with Down Payment Assistance in North Carolina offered by the Martini Mortgage Group

June 3, 2023 by Kevin Martini

Are you a first-time homebuyer or planning an upgrade? Are you struggling to pull together that hefty down payment? Say goodbye to your worries because the Martini Mortgage Group is here to help!

Together with the North Carolina Housing Finance Agency (NCHFA), the Martini Mortgage Group offers many mortgage products and down payment aid programs. We’re determined to make your dream of owning a home in whatever county you are in North Carolina not just affordable but downright achievable.

Martini Mortgage Group Products – Tailored Just for You!

We’re proud to offer an array of mortgage products designed to fit your unique needs snugly:

Conventional Mortgages: Got a good credit score? Here’s a deal for you – just a 3% down payment to secure your dream home.

FHA Loans: Your dream home is within reach even with a lower credit score. With a down payment of 3.5%, step into your new home easily.

VA Loans: To our brave veterans and their spouses – no down payment required. Your service to our nation makes you more than eligible!

USDA Loans: Living in a rural area? We’ve got you covered with our no-down payment required USDA loans.

Down Payment Aid – Your Homeownership Dream Booster!

Please don’t let a hefty down payment dampen your spirits! We offer you a range of programs to support your dream:

NC Home Advantage Mortgage: Offering up to 3% of the loan as down payment assistance to first-time and upgrade buyers.

NC 1st Home Advantage Down Payment: An incredible $15,000 down payment aid for eligible first-time buyers and military veterans.

NC Home Advantage Tax Credit: Save up to $2,000 in federal taxes annually. Before a home purchase, an approved Mortgage Credit Certificate (MCC) can seal this deal for you!

What is your Next Step? Contact Us!

Ready to turn your homeownership dream into reality? It’s time to contact the Martini Mortgage Group! Not only will we answer all your queries, but we’ll also guide you seamlessly through your home-buying journey. Here’s why you should choose us:

Experience: We’re seasoned mortgage professionals well-versed in the NCHFA programs.

Tailored Help: We’ll help you pick the best mortgage product and down payment assistance program to suit your needs.

Unwavering Support: We’re with you from step one to the last, ensuring a hassle-free homebuying experience.

So, why wait? Reach out to us today and let us propel you towards your dream of homeownership. Let’s make your dream home a reality together!

Marry the House, Date the Rate – A Smart Raleigh Homebuying Strategy

May 24, 2023 by Kevin Martini

An intriguing cliche in the real estate world has become a powerful strategy known as “marry the house, date the rate.” But what does it mean, and is it an excellent approach to consider when buying a home in Raleigh, North Carolina, or any city in the U.S.?

Understanding the “Marry the House, Date the Rate” Strategy

The adage “marry the house, date the rate” emphasizes that you can change your mortgage rate while remaining in the same house. Many people believe it’s best to postpone purchasing a home when Raleigh mortgage rates are high, assuming that waiting for rates to drop is the more financially sound decision. However, this thinking may cause you to miss out on the perfect home you want to make your own.

Instead of waiting indefinitely for interest rates to decrease, it might be wiser to take action now. Interest rates constantly fluctuate, and although your initial rate might be higher than desired, you can “date” your interest rate and “flirt” with another home loan rate when the market represents a more attractive option. This means that when interest rates eventually come back down, you can refinance to a lower rate and improve your financial situation.

The Importance of “Dating the Rate”

It’s Not a Matter of ‘If,’ but a Matter of ‘When’
Raleigh Mortgage Broker Logan Martini

Logan Martini, Senior Mortgage Strategist with the Martini Mortgage Group, states that when home loan rates decrease again, borrowers can refinance their mortgage and secure a more favorable interest rate for their mortgage while continuing to capture the appreciation of the home. By adopting the “marry the house, date the rate” strategy, you position yourself to take advantage of future rate reductions and potentially save a significant amount of money in the long run while seizing the appreciation.

Is Now the Right Time to “Marry the House, Date the Rate”?

If you already have a mortgage, it’s always advisable to keep an eye on interest rates and consider refinancing if they drop. Hence, the “marry the house, date the rate” strategy should be deployed in any market, not just in markets with elevated home loan rates, such as the current market conditions.

The opportunity to refinance when rates decrease, serves as a built-in safety net, ensuring that you won’t be stuck with a higher interest rate for the entire mortgage term. Moreover, even though interest rates have reached levels not seen for a long time, they may continue to rise. Delaying your home purchase could prove costly, as future rate increases would impact your affordability. By taking out a mortgage now, you eliminate the risk of being priced out of the market due to escalating rates, and you will be able to lock in your housing costs.

This strategy can particularly appeal to renters who have hesitated to enter the housing market during these uncertain times. Renters cannot recoup their money on rent, whereas homeowners steadily build equity with each mortgage payment. By adopting the “marry the house, date the rate” approach, renters can start building equity immediately, leveraging their monthly payments to accumulate wealth as a valuable asset: a house.

Considering House Prices and Market Dynamics

When deciding whether now is the right time to buy a house, it’s not just interest rates that come into play; you have to consider the cost of the house too! Skyrocketing house prices have also deterred many potential buyers. At the end of Q1 2023, the median sales price of homes in the United States was $436,800, according to the St. Louis Fed. In Q1 of 2021, it was $329,000. This represents a staggering increase of $107,800 in just three years!

However, it’s crucial to consider two essential points regarding current housing prices.

First, significant price drops are unlikely to occur soon since home prices have stabilized based on Case-Shiller, the FHFA (Federal Housing Finance Agency) data, and CoreLogic. As a primer, home prices climbed in the first half of 2022 and peaked in June 2022. Then in the second half of 2022, there were negligible declines in value; however, in Q1 of 2023, there was a stabilization, and we are now rebounding.

The recent rebound does not mean a trend; however, it does signal home prices were not retracing but recharging. This sentiment is echoed by the current inventory of available homes for sale is at the lowest point seen in years. The absence of housing inventory for sale and supply and demand dynamics should result in stable prices or potential increases.

Second, high prices and interest rates have dissuaded many potential homeowners, leading to fewer buyers. However, this situation presents opportunities for those in the market to purchase a house.

With fewer homebuyers, sellers need more potential purchasers. As a result, they may be more willing to negotiate on price and terms. By acting now, homebuyers could secure a better deal than in a less turbulent housing market.

Making the Decision: To “Marry the House, Date the Rate” or Not?

Ultimately, the decision to adopt the “marry the house, date the rate” strategy rests on various factors unique to each individual’s circumstances. By carefully considering interest rates, market dynamics, and personal financial goals, you can make an informed choice – the Martini Mortgage Group can help. In addition, they will monitor the markets post-closing so that when it is time to “flirt” with a new rate to lower your cost of homeownership, you will be alerted, and you will miss no opportunity.

If you’re ready to embark on your homeownership journey and want to take advantage of potential rate decreases in the future, it may be the right time to “marry the house, date the rate.” Remember that a well-thought-out mortgage application is crucial to securing your situation’s best terms and rates.

For expert mortgage assistance, Martini Mortgage Group is here to help. Contact us today to begin your mortgage application and take a significant step toward owning your dream home.

The Ultimate Guide to Getting a Raleigh Mortgage | Your Key to a Successful Home Loan Journey | Martini Mortgage Group

April 28, 2023 by Kevin Martini

Are you ready to embark on the ultimate mortgage journey and secure the perfect home loan? Then you’ve come to the right place! Welcome to the Martini Mortgage Group’s ultimate guide to getting a Raleigh mortgage, where we reveal all the secrets to getting the best deal possible.

Here at the Martini Mortgage Group, we’re not just any old mortgage company – we’re the top-rated mortgage company around, and we’re here to help you get the best possible rates and stress-free, on-time closings. We’re all about delivering an honest, well-communicated lending experience that’s based on knowledge and trust.

And that’s why our ultimate guide is the go-to resource for anyone looking to buy a home in Raleigh. With comprehensive, detailed information on the types of loans we offer, current mortgage rates, and tips to secure the best deal, you’ll have everything you need to make a smart, informed decision.

But that’s not all, friend. Our mission goes beyond just helping you buy a house. We’re here to help you create generational wealth through real estate with the proper mortgage strategy. That means we’ll work with you every step of the way to make sure you’re getting the best possible loan option for your unique situation, and give you the advice and guidance you need to make the most of your investment.

So what are you waiting for, friend? Dive into our ultimate guide today and discover the secrets to getting the Raleigh mortgage you deserve!

Types of Raleigh Mortgages Offered by the Martini Mortgage Group

We offer a comprehensive range of loan products to cater to the diverse needs of our clients. These include:

Fixed-Rate Home Loans

Lock in a consistent interest rate for the life of the loan, providing stability and predictability in your monthly payments.

Buydown Home Loans

Benefit from a lower introductory interest rate on your mortgage for the first or a few years.

FHA Home Loans

Take advantage of more lenient qualification requirements, including lower credit scores and minimal down payment options. The FHA Home Loan is NOT just for first-time homebuyers!

VA LHome Loans

Eligible veterans and active-duty service members can access home loans with no down payment, no loan limits, and favorable interest rates.

Rural Development Home Loans (a.k.a. USDA Home Loans)

Rural and suburban homebuyers can benefit from low-interest rates and 100% financing options.

Raleigh Mortgage Rates and Factors Influencing Them

Raleigh mortgage rates can vary depending on several factors, such as:

Credit Score

A higher credit score often translates to lower interest rates, as lenders view you as a lower-risk borrower.

Loan Term

Longer-term loans typically have higher interest rates, whereas shorter-term loans offer lower rates.

Down Payment

A larger down payment can help you secure a lower interest rate, as it reduces the lender’s risk.

Market Conditions

Current economic conditions and market trends can influence not just Raleigh mortgage rates but regional and national ones too.

Tips to Secure the Best Raleigh Mortgage Deal

Follow these expert tips to ensure you get the best possible mortgage deal:

Improve Your Credit Score

A higher credit score can unlock better interest rates and loan terms. Pay off outstanding debts, keep your credit utilization low, and avoid applying for new credit before seeking a mortgage and during the mortgage process.

Save for a Larger Down Payment

The more you can put down upfront, the better your mortgage terms will be.

Consider Loan Types

Evaluate the pros and cons of various loan types to determine which one best aligns with your financial goals and needs.

Lock in Your Rate

When you find a favorable rate, consider locking it in to protect yourself from potential rate increases before or during the loan process. The Martini Mortgage Group has a unique ‘Lock & Shop’ program where you can lock the rate for your home loan before you have a property. Yes, it also has a float-down feature.

Application Process and Requirements

To streamline your mortgage application, follow these steps:

Gather necessary documentation, including income verification, credit reports, and bank statements.
Complete the loan application form and submit it along with your supporting documents.
Await pre-approval, which provides an estimate of the loan amount you qualify for.
Choose a suitable loan product based on your pre-approval, and finalize the terms with your chosen one with the Martini Mortgage Group.
Undergo underwriting, where we verify your information and assess your loan eligibility.
Receive a final approval and proceed to the closing process.

logan martini best raleigh mortgage broker

the moment has come for you to take action

The Martini Mortgage Group’s ultimate guide has provided you with the essential knowledge and tools to navigate the Raleigh mortgage landscape confidently. Now, it’s time for you to seize this golden opportunity and embark on your journey toward homeownership and generational wealth.

Just imagine the moment when you finally step into your dream home, knowing you’ve secured the best mortgage deal with the guidance and expertise of the Martini Mortgage Group. You’ll feel an overwhelming sense of accomplishment and pride, knowing that you’ve made a wise investment in your future and the future of your family.

Don’t let this chance slip through your fingers. The perfect Raleigh mortgage is waiting for you, and the Martini Mortgage Group is here to help you every step of the way. Remember, we’re not just any mortgage company; we’re your dedicated partner, committed to ensuring your home-buying journey is smooth, stress-free, and successful.

So, go ahead and dive headfirst into our ultimate guide. Uncover the secrets to securing the best Raleigh mortgage and transform your dreams into reality. Your future self will thank you, and your legacy will stand the test of time.

Take the first step today. Reach out to Logan Martini, Senior Mortgage Strategist with the Martini Mortgage Group, and let him guide you through the world of Raleigh mortgages. Together, you’ll achieve greatness and create a brighter future for you and your loved ones.

Don’t wait any longer – let’s get started on this incredible journey right now!