Table of Content
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some, but not all sharing. Federal law also requires us to tell you how we collect, share and protect your personal information. We invite you to use our commenting platform to engage in insightful conversations about issues in our community.
Use the links below to access our options, explore and learn with our resource/mortgage 101 section, make a payment, or contact us. The housing market in 2023 will soften, with prices sinking 10% off record highs seen in 2021 and 2022, according to a projection by mortgage broker and contributing columnist Jeff Lazerson. Southern Loans is a consumer finance company licensed by the North Carolina Banking Commission.
| Contributing columnist
Established in 1988, Southern Loans specializes in personal loans from $500 to $15,000 and automobile purchase loans up to $15,000. Contact us for more information on the application process or with any general questions you may have. Along with our locations, we have an online application process to get you approved without needing to leave the comfort of your home. Get a FREE quote on a 15-year fixed-rate mortgage & save thousands of dollars per year.
There is an additional charge for excessive transfers or withdrawals. You may make unlimited withdrawals or transfers in person or through an ATM (non-Southern Bank ATM fees will apply). We are required by law to close or change your account if you repeatedly exceed these limits. This allows you to compare all the options available to you and chose the one that best fits your current situation. Never before has it been so easy to weigh every available option.
Housing |
The Mortgage Bankers Association reported a 0.9% mortgage application increase from the previous week. The 30-year fixed rate averaged 6.27%, 4 basis points lower than last week. The 15-year fixed rate averaged 5.69%, 15 basis points higher than last week. 7) The Federal Housing Administration will decrease the upfront FHA mortgage insurance it charges to 1.1% from its current 1.75%. The monthly mortgage insurance premium will drop to 0.50% compared with its current 0.85%.
7) Mortgage funding volume for purchases and all refinances will be $3 trillion. Black Knight expects total volume to be $2.3 trillion. The California Association of Realtors in October projected single-family home sales in the state would total 359,200, down 19.2% from the previous year . 1) Median Southern California home prices will fall 10%. Whether you’re ready to finance your primary residence, your second home, or both, our professionals are ready to serve.
Daily Breeze All-Area Football Team for the 2022 season
4) Mortgage loan volume for home purchases and refinances will decline to $1.8 trillion from this year’s estimate of $2.3 trillion by Black Knight. We’re down a staggering 47% in 2022 from the $4.35 trillion originated in 2021. Few will refinance as almost everybody is sitting at a 3% or even lower fixed rate.
Learn more about ourdown payment assistance programsfor first time home buyers. Simply choose the loan you’re interested in on the menu and get started with the Southern loans application process. Southern Home Loans, a Division of Goldwater Bank is a leader in the home loan industry. We provide our customers with simple methods of finding their best home loan solutions. Whether you’re looking to buy a new home or get a reverse mortgage to help you make ends meet, we’ve made the application and qualifying process easier than it’s ever been before. By streamlining the online application process, we’ve made it possible for you to apply for a home loan and be on your way in a matter of minutes.
Check out our videos below to get more familiar with the buying a home process. Get 5% Down payment assistance of the total loan amount (max $25k). 8) The Federal Housing Administration will decrease FHA mortgage insurance. 3) The median home price for Los Angeles, Orange, San Bernardino, and Riverside counties will increase 8%. Through October, median home prices increased 12.95%, according to CoreLogic.
Southern Loans works with each customer’s personal situation and circumstances. Our professional and courteous loan officers will find the best possible loan or debt consolidation solution to meet your needs. Purchasing a home, whether it's your first or last, is a big decision that raises all types of questions, especially about the loan process.
If you owe more on your current home than it’s worth, refinancing with a HARP Loan might be your best option.
Watching the weekly Freddie Mac fixed mortgage rate survey will be as exciting as watching paint dry over the first three quarters of 2023. We follow state law as well as federal law and will use state law to provide you with additional privacy protections. At Southern Loans, we look for a way to make you a loan. While many lenders rely on computer credit scores and out-of-state decision makers, Southern Loans believes in providing a personal experience with local decisions and local services.
No comments:
Post a Comment