Shore Realty Outer Banks Home Sales

Outer Banks Mortgage and Loan Lenders

A Pre-Qualification Letter will let you and the sellers know that you will qualify for the loan in this ever changing lending market. Down payments have gone up and all the requirements have gotten stricter.

You can get a pre qualification letter from any lender including the lenders below with just a phone call and it will not obligate you to work with anyone plus it only takes a couple of minutes and it does not cost anything.

You can get a loan anywhere in the country over the internet so why use an Outer Banks lender to secure your mortgage? Your instinct is going to tell you to shop around for the best terms that you can find. I think that is a good idea, however, be careful. There is more to a loan than just the interest rate. There are lenders who offer low interest rates that you will not get when everything is said and done. These same lenders will provide you with a good faith estimate that doesn't list all of the fees you will be charged. They will have you over a barrel the day before closing when they can't provide you with the promised services and now you are expected to pay the extra higher interest rate and the garbage fees or lose the deal and your earnest money.

If you find a lender on the internet or back in your home town they might offer the same rates as Outer Banks lenders. But, there is nothing to hold them to their promises. Your purchase is a one time deal to them. If you end up paying more than what was originally promised they make more money and you lose. They face no real repercussions.

The one advantage of working with a local Outer Banks lender is they know that their reputation will get trashed if they mess up locally. If one of these lenders screws up they come off this list, they get no more referrals and their reputation on the Outer Banks starts to get damaged. Out of town lenders don't worry about their reputation on the Outer Banks because they are some place far away out of our reach.

Plus, Outer Banks lenders already know how to deal with loans on houses that are fully furnished and in vacation rental programs.

This list of lenders has proven themselves time and again. Check them out to see how their rates compare and don't let yourself be swayed by empty promises.

Ask questions about fees and points because these can drive up the cost of a loan.

TowneBank Mortgage
Bernie Trevillian
Office: 252-261-9467
Cell:  252-599-7183
Email: Bernie.Trevillian@townebankmortgage.com

Prime Lending
Shane Cook
Office: 252-564-3111
Cell: 252-207-2665
Email: scook@primelending.com

Movement Mortgage
Daniel Evans
Cell: 252-202-0866
Email: daniel.evans@movement.com

Wells Fargo Home Mortgage
Kathie Nesbitt
Office:  252-480-0750
Cell:  252-489-3604
Email: Kathryn.Nesbitt@wellsfargo.com

TowneBank Mortgage
Kaye Jones
Office: 252-261-9477
Email: kaye.jones@townebankmortgage.com

First Bank
Kenny Marshall
Office:  252‑441‑6358
Cell: 252-305-0229
Email:  kmarshall@localfirstbank.com


 

Outer Banks Interest Rate Update

The interest rates below are provided to help you keep up to date with the ever changing world of borrowing. If you see what look like duplicate pages, they are just different rates and loan options supplied by different lenders.

Home Mortgage Interest rates can change daily so before you make any plans you should check with one of the experts on our list for current up to date interest rates.


 

More Articles for buyers

Exclusive Buyer Agency

Signing an exclusive buyer agency agreement/contract sounds like a good idea. Right? Having an agent work for you is a good idea, isn't it? The problem is the agent doesn't work exclusively for you but you will have to work exclusively with the agent... read more.

OBX Lenders

There are many times that using a lender located on the OBX can be a life saver ... read more.

Home Inspections

A home inspection is a must and here are some certified and licensed home inspectors ... read more.

Home Insurance

Insurance is available for almost every property on the OBX ... read more.

Termite Inspectors

Insurance is available for almost every property on the OBX ... read more.

Surveyors

A survey can alleviate any concerns about the property lines or set backs ... read more.

Home Repairs

House Designers

Thinking about buyer a lot and building? ... read more.

Utilities

Attorneys

In NC attorneys a handle the closing procedings instead of escrow agents ... read more.

Out of State Purchases

If you find the property that you would like and are considering buying it but you live out of sate and you have to go back home, don't worry... read more

Rental Rebate

When you buy a house that already has rental reservations, there might have been money collected, and it belongs to you... read more

Flood Insurance

All of the Outer Banks is in some type of flood zone... read more

Home Inspections

We strongly recommend that every buyer have a home inspection done on the house or condo they are trying to purchase before the closing takes place... read more

Rental Agencies

There are many different styles of managing a vacation rental house. Each rental department has their own characteristics and there are deferent strategies involved... read more

Beach Access

Just because you are at the beach does not mean that every location is a good one... read more

Ground Floor Enclosures

If there is a ground floor enclosure, you or your real estate agent need to do some investigating... read more

Not Ready Yet

Not quite ready to take the big step? No hurry, just start doing your homework now... read more

Square Footage

The actual square footage of the houses might not be what is advertised... read more

Earnest Money

When an offer is written on a piece of real estate, one of the items that needs to be addressed is the earnest money... read more

Title Insurance

Title insurance protects your deed against any problems which show up after you make your home purchase... read more

Seasonal Buying Trips

Long distance traveling to look at houses you might consider purchasing requires some planning. Here are a few weather related tips for planning your trip.

Spring This is the time to get your foot in the door and have all of the prepaid rental reservation money refunded to you at closing... read more

Summer Once the the summer vacation season arrives it becomes much harder to look at homes for sale... read more

Fall This is when a seller is in their best position to make a deal... read more

Winter When the cold set in, the Outer Banks becomes deserted and deals can be found... read more

Real Estate Forms For Buying

Here you will find some of the various forms used in purchasing real estate in North Carolina... HERE

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252-441-3416 OR 800-647-1868

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