Asheville Mortgage Guide

One of the most crucial steps in the real estate purchasing process is acquiring a mortgage. The Asheville NC area boasts a strong real estate market and with it comes a healthy and competitive mortgage market. Use the following articles and resources to educate yourself on the Asheville mortgage market and to better prepare you to begin the mortgage shopping process.

Shopping for a Mortgage in Asheville North Carolina

When you choose your mortgage lender, it’s important to remember you are actually making three decisions:

• Which person do I want to advise me and coordinate the financing process?
• Which company do I want to back my mortgage in the years to come?
• Which loan program is the best deal for me?

Mortgage financing can be complicated and confusing. Unfortunately, there are people in the industry who will use the complexity to their advantage and at your expense. More than likely, this is one of the largest and most important financial transactions you will ever make. You might do this only four or five times in your entire life… but mortgage professionals deal with this every single day. It's your home and your future. Please use the following articles to prepare yourself to shop for a mortgage in the Asheville and Western NC.

• The Person – Choosing a Mortgage Professional
• The Company – Choosing a Lender for your Mortgage
• The Loan – Choosing the Right Mortgage for Your Needs

The articles above have been generously contributed by local Certified Mortgage Planning Specialist® Kabir Mahadeva.

Finding an Asheville Mortgage Broker or Professional

Once you have educated yourself on the correct questions to ask then you should be ready to find an Asheville mortgage professional to assist you.

Use our Mortgage Brokers directory for a listing of Mortgage Professionals in the Asheville area.

Mortgage Questions and Answers

What do to About Your ARM that is Adjusting Soon? – By Kabir Mahadeva

ARMs (Adjustable Rate Mortgages) can be a terrific tool to manage cash flow, especially if you can predict how long you will have the mortgage. ARMs have several important components that affect rate adjustments. When your ARM is about to adjust, you must gather some information and get expert advice before taking action. You should not assume that you should refinance, because it may not be the best option. Read more...

Is a Refinance is Worth Your Money and Time? – By Kabir Mahadeva

Many people refinance believing that a lower interest rate will save them money. Often, they never benefit from a lower rate. Of course, there are good reasons to refinance other than getting a lower rate (covered in another article), but first, let’s discuss how to analyze the payback on a refinance. I help my clients create and preserve wealth, so I don’t advise them to refinance unless we can justify it. Read more...

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