Raleigh Mortgage Options

Raleigh Mortgage Options

August 27, 20242 min read

Raleigh Mortgage Options

Raleigh Mortgage Options

Situated in north central North Carolina, Raleigh is the capital of the Tarheel state and is a booming city that has witnessed many changes over the past several decades. Gone are the days when Raleigh was little more than a sleepy, southern city in a chiefly agricultural state. Today, Raleigh has more than 320,000 residents and is part of an exploding metropolitan area that 1.3 million residents now call “home.” Duke, UNC, and NC State are three highly regarded universities serving the area and the Research Triangle Park is world-renowned for its many technological innovations. For good reason, thousands of families are relocating to the Raleigh area every month; you can too, and a Raleigh mortgage can give you what you need to successfully make your move.

Purchasing a house in Raleigh is so much like buying a home in any recognized American city: you make a down payment, get in touch with many lenders for competing bids, and you select a lender based on the information given. Your Raleigh mortgage is ready and your move is certain, right? Well, it isn’t always that simple! Let’s examine some websites that can give you useful and significant information as you shop for a mortgage:

  1. Bankrate.com – This site lists mortgage rates from all across the nation. Narrow down your search to Raleigh and local mortgage rates will turn up in your search results. The rate given should be a good point of reference for you as you contact lenders.

  2. Interest.com – Works much the same way as Bankrate; enter your Raleigh mortgage information, and the rate will emerge.

Other useful sites of note include:

  1. ChaseHomeMortgage.com

  2. LendingTree.com

  3. Amerisave.com

  4. INGDirect.com

While the list isn’t comprehensive, it is a good beginning point. Additionally, you can check your local phone book for a record of Raleigh mortgage companies. Sometimes smaller, local companies are more willing to help out, particularly if you have other circumstances present, including if you are self-employed, possess bad credit, have suffered a drop in income, or have experienced other important changes.

Your Raleigh residence is waiting for you – get in touch with a Raleigh mortgage broker right now to learn about your mortgage choices.

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Notice To Texas Loan Applicants: Consumers wishing to file a complaint against a mortgage banker, or a licensed mortgage banker residential mortgage loan originator, should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov.

A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov