Neighborhood Lender Inc.

Did you know most loans have four parts:

#1: The principle, which is the repayment of the amount actually borrowed.
#2: The interest, which is the payment to the lender for the money you borrowed.
#3: Homeowner’s insurance, which is a monthly amount to insure the property against loss from fire, smoke, theft, and other hazards required by most lenders.
#4: Property taxes, which are the annual city/county taxes assessed on your property, divided by the number of mortgage payments you make in a year.

Contact us today with any questions you may have!
📲 866.861.1249
📩 [email protected]

No more waiting around impatiently when working with our team!👏 We love what we do and we love helping you!

Happy National Employee Appreciation Day! 👏🏻 Today and Everyday we are grateful for our amazing family at Neighborhood Lender! 🙌🏻

Did you know homeownership boosts your net worth through equity? Equity is the current value of your home minus what you owe on the loan. It increases when you pay down your loan over time and/or home price appreciation drives up your home's value!

Not just any other lender -- We are your NEIGHBORhood Lender
- Trustworthy
- Local
- Friendly
- Reliable

Contact us today!
📲 866.861.1249
📩 [email protected]

Happy Valentine's Day Everyone! We love what we get to do today and every day 👏🏻❤️

We are so grateful for each and every person we have had the opportunity to work with!

A home is an investment, and it's something you can build equity in the entire time you live in it. When you rent, the monthly check you write will never be seen again. When you own your own home, you can deduct the cost of your mortgage loan interest from your federal income taxes and usually your state taxes — and that can save you a lot of money each year. Of course, another great reason to purchase a home is that you get to personally own a space that’s all yours. You can decorate it however you want...turn the yard into your own personal playground...and create a place you're thrilled to come home to.

Charlotte and Cleveland ranking #1 and #2 🙌🏻

The good news for buyers in most of these areas is that monthly housing costs have stopped climbing. Home shoppers who can overcome affordability hurdles will find a more comfortable market this year, with more time to consider options and less chance of a bidding war, even if they're shopping in one of the hottest markets.

Being the expert on what's actually happening in the market is going to truly set you apart in 2023!

Knowing more than what the headlines in the news say will help your clients feel more confident in their decisions knowing all their choices!

Call us any time to get the latest options for homebuyers and refinances!

📲 866.861.1249
📩 [email protected]

What matters to you, matters to us -- Never miss another moment!

We have a distraction free process so you can focus on what's important to you!

📲 866.861.1249
📩 [email protected]

Closing costs average $3,350, and that hefty sum typically comes straight from your pocket. We don't really think that's fair, which is why we decided to start doing things a little differently. In fact, we pay your closing costs (go ahead and read that line again...it's for real). So whether you’re financing your primary residence, a vacation home, or an investment property, the closing costs are on us. Wondering how we do that? Call us today to learn how!
📲 866-861-1249

Today is a day dedicated to celebrating the extraordinary life of activist and humanitarian Dr. King, who helped to teach us about courage, equality, truth, justice, compassion, and humility.

Neighborhood Lender works with residents in North Carolina, South Carolina, Virginia, Maryland, and Ohio for all their home mortgage and home refinancing needs. If you live — or plan to live — in one of these states, we would love to talk to you. We promise it won't be painful - we just want to see how we can help.

📲 866.861.1249
📩 [email protected]

Happy New Year Everyone! 🎉 We are looking forward to an incredible 2023 🙌🏻

#2023

And that's a wrap on 2022!! 🎉

It's been quite a year for real estate and lending! ➡️ What do you remember most about this year in the market?

Merry Christmas from the Neighborhood Lender Family ❤️💚
We hope you have a wonderful day!

Arguably the best thing to put on your Christmas list and we have you covered 🎁

Our goal is to cut the confusion, minimize the frustration, and give you a few more reasons to smile as you figure out which loan or refinancing option is best for you.

📲 866.861.1249
📩 [email protected]

They say it's the little things that make a difference, but financing a home is a BIG deal so we always strive to be different and do BIG things for you and your family! 🙌🏻

If you are tired of feeling like just another customer, contact us today, we would love to get to know you!
📲 866.861.1249
📩 [email protected]

According to Realtor.com, the median rent price in the US was $1,771 per month.

That adds up to $21,252/year that renters are paying to their landlords. That's a pretty hefty number!

Earnest money is a deposit given to the seller upfront as part of an offer to purchase their home. This money protects the seller if the buyer back outs.

Earnest money can range anywhere from 1-2% of the sales price, but can be much higher depending on the market. It’s important to choose an EMD amount strategically. This could make the difference and give you the edge when the seller is comparing offers!

Here's an interesting stat: 31% of all home buyers felt they made no compromises in the home they purchased. The top reported compromises were the price, condition and size of the home. (NAR, 2021)

So, a large percentage of buyers were flexible with their home expectations. Flexibility is key to purchasing in today's market!

A great quote from RE/MAX broker Janet Judd!

It can be a challenge to find a home that checks off every single box on your wishlist, but don't let that keep you from finding a pretty great house! Keeping an open mind and being flexible is powerful.

Let's walk through this scenario to give you an idea of what it costs to purchase a home in this price range.

First, you will need a downpayment. There are loan programs that offer as low as 3-3.5% downpayment. Although, you may want to put down more. So, for this cost, you would need about $9,000.

The next expense is closing costs, which usually run around 2-3% of your loan. With NL, we cover these costs!

Lastly, we'd recommend having a small amount set aside for unplanned costs. So, let's budget around $500 - $1,000. This step is optional.

Hopefully, this gave you an idea of what it costs to purchase a home. Check out our mortgage calculator at www.neighborhoodlender.com to plug in more numbers!

Are you in the process of buying your own home? If so, what are you most excited about... Tell us in the comments!

- No more rising rent prices
- Having more space
- Being able to customize my home
- Building equity

Homeownership can be really rewarding. If you are in the market to buy, talk with our team and get a mortgage rate quote!

Throughout the mortgage process, lots of questions can come up. We encourage you to ask all of your questions and always get clarification if you are not sure of something. Remember, this may be the largest purchase you make!

Reminder! Don't forget to account for property taxes during your home search 🏠

There are a number of factors that come into play when calculating property taxes, from your property’s assessed value to the mill levy (tax rate) in your area. When browsing homes, ask your agent to check the county tax records or search online yourself.

The government sends you a tax bill every year and tells you how much you owe in property taxes. You can roll this figure into your monthly mortgage payment!

Neighborhood Lender is your go-to local leader in no-closing cost financing. No matter what your next steps are, our team is ready to help!🔑

Is homeownership on your list of 2023 goals?

If so, go ahead and connect with our team. We can take a look at your financial standing and let you know what your budget, credit and options look like. This gives you a few months to work on anything that you want to improve!

Send us a message or visit www.neighborhoodlender.com.

Thank you Gina; it's a pleasure to have you as one of our clients!

Our team is always looking out for your best interests.

According to NAR, the top reported first step in a home buyer's process was looking online for properties for sale.

While it can be fun and helpful to get an idea of what homes are going for in your city, speaking with a lender is actually the most helpful first step! Talking with a lender will help you understand what you qualify for and what the next logical steps are.

Visit www.neighborhoodlender.com for additional info!