Carolina Home Loans - NMLS #113219

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Carolina Home Loans - NMLS #113219

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CHL NMLS #113219
Eric McDonald NMLS #115037 NMLS # 113219

10/31/2026

Mortgage rates ended this week at their lowest levels since September 23rd, extending an improvement that had started to look a bit indecisive. Renewed trouble in the tech sector provided the biggest push

10/31/2026

Making an extra mortgage payment each year may seem small, but putting additional money toward principal can add up over time. Some homeowners do this through biweekly payments, while others make extra principal payments monthly or annually. Potential savings depend on your loan balance, interest rate, and how long you keep your mortgage. Understanding how extra payments are applied and whether fees apply can help you make the most of your strategy.

10/23/2026

Mortgage rates made it to their lowest levels in a month this week, once again getting a helping hand from trouble in the tech sector.

10/23/2026

It can be surprising to see how your mortgage payment is divided, especially during the first few years of a loan. With a typical amortizing mortgage, interest is calculated on the outstanding principal balance. As you gradually pay down that balance, less of each payment goes toward interest and more goes toward principal. This is also why making additional principal payments early in the loan can have a greater impact on the total interest you pay over time.

10/17/2026

Mortgage rates just had their best week since late March, despite inflation reports that normally would have pushed them higher.

10/16/2026

Choosing between a 15-year and 30-year mortgage is about more than how quickly you want to pay off your home. A shorter term can save you interest, but higher monthly payments may leave less room for savings, investments, and other priorities. A longer term typically offers lower payments and more flexibility. I can help you compare monthly payments and long-term costs to find the option that best fits your financial goals. Have questions? Send me a message – I’m happy to help you explore your options!

10/13/2026

Property taxes are an important part of the overall cost of owning a home and can vary significantly from one location to another. They can also change over time, which is why it's important to consider more than just the home's purchase price when evaluating your options. Before making an offer, look into the property's current property taxes so you have a better idea of the ongoing costs associated with the home.

10/09/2026

The purchase price isn’t the only part of an offer that can be negotiated. Depending on the market and transaction, buyers may be able to negotiate seller contributions toward closing costs or a rate buydown, request repairs, or negotiate other terms to make the purchase more manageable. I can help you build a strategy that fits your goals. Have questions? Send me a message – I’m happy to help you understand your options.

10/09/2026

When budgeting for a home, it’s important to look beyond your mortgage principal and interest. Property taxes and homeowners insurance may also be included in your monthly payment through escrow, affecting your total monthly cost. Understanding how escrow works can help you create a more accurate homebuying budget and avoid surprises down the road. If you’re considering buying, I can help you estimate what your total monthly payment could look like. Have questions? Reach out anytime. I’m happy to help!

10/02/2026

This one is going to frustrate a lot of rate watchers.

Address

245 New Fidelity Court, Ste 205
Garner, NC
27529

Website

https://www.carolinahomeloansllc.com/

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