The Best Flat Rate Mortgage

About Us

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When shopping for a new mortgage, whether your a first time home buyer or a seasoned pro, what you want is a great deal and great service.

At Best Flat Rate Mortgage, that is what we offer. I will take the time to educate you about all of your options as well as the mortgage process.

I will take you by the hand and walk you through the complicated maze that real estate financing has become. 

I realize that a mortgage will be arguably the largest financial and emotional transaction you ever make and I will treat you and your mortgage accordingly.

You may be asking yourself if this just applies to certain types of loans and the answer is no.

I offer the same great services and rates for Conventional Mortgages, FHA Mortgages, VA Mortgages, USDA Mortgages, Jumbo Mortgages & New Home Construction Loans!

If you have any questions or you would like to get pre-approved for a new mortgage, please feel free to fill out the form below or call us at (877)228-9069


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The Morehead Planetarium was, when it opened in 1949 , one of only a handful of planetariums in the nation, and it has remained a notable town landmark. During the Gemini, Mercury , and Apollo programs, astronauts were trained there. One of the town’s hallmark features is the giant sundial, locatedon Frakilin St. in the rose gardens in front of the planetarium .

UNC has been very successful at college basketball and women’s soccer (Mia Hamm played as an undergraduate at UNC), and an obsession with the sports has been one of the mostrecognizable features of the town’s culture, set off by the rivalry among North Carolina’s four ACC teams: the North Carolina Tar Heels, the Duke Blue Devils , the NC State Wolfpack, and the Wake Forest Demon Deacons . More recently, the town has received regional notice as the site of a large annual Halloween street party, with an attendance regularly exceeding 70,000.

For more than 30 years Chapel Hill sponsored two annual street fairs, Apple Chill (which was canceled in 2006) in April and Festifall in October. The fairs offer booths to artists, craftsmakers , food vendors and nonprofits . Performance space is also available for martial artists, musicians and other groups. Both fairs are attended annually by tens of thousands.

Chapel Hill also has some new urbanist village communities, such as Meadowmont Village and Southern Village. Meadowmont and Southern Village both have shopping centers, green space where concerts and movies take place, schools and community pools

 ailed as “America’s Foodiest Small Town” by Bon Appétit Magazine , Chapel Hill is rapidly becoming somewhat of a hot spot for pop American cuisine – which is likely due to the college town’s entrepreneur-friendly business environment, thriving small farms in the area, and national media attention surrounding a few local culinary notables, like Foster’s Market (Martha Stewarts Living), A Southern Season ,Breadmans, Mamas Dip’s , Caffe Driade (Food Network’s $40 a day With Rachel Ray), Crook’s Corner , The Barbecue Joint (Food Network’s “$40 A Day With Rachael Ray”), and The Lantern Restaurant (Food & Wine Magazine, Southern Living Magazine, etc.)

Chapel Hill and Carrboro offer many independently owned bars and coffee shops, such as Joe Van Gogh (formerly known as Cup A Joe), Franklin Sweets (formerly Amelia @ Chapel Hill), Jack Sprat Cafe (formerly known as Strong’s Coffee Shop), Open Eye Cafe, 3 Cups, and Caffe Driade.

Free Relocation Packages for Chapel Hill, NC

Location is an extremely essential pointer on how to determine the total cost of a property. You could be in the same location and yet the price of each property still varies according to the position from the main road. This is also true in terms of houses that are located in the city. Generally, they are more expensive compared to the ones that are situated in the rural areas. Since location matters on real estate properties, it is important to know the simple guidelines in finding a realistic location.

How do you describe a good location?

In reality, there are no definite principles in knowing a good real estate location. Experts in real estate are more than willing to talk to you on how to find a good location. Let’s take a look at the different location ideas below:

People – Certain qualities of a person who live in a certain area is determined through the place from where this person came from. The reputation of homeowners depends largely as to where they live and most of the time, their community is a basis of how they are as a person. But, wouldn’t it be such an honor to live next to someone who has good reputation?

Accessibility – It’s important to have a good location for your home. A good location is near important landmarks and institutions. Consider the travel time from the home to the different locations that are important such as the school for the children.

Security – A good location should have a good and secured environment. Scottsdale Homes enforce their communities to be guarded with gates, which are perfect examples of a secured neighborhood. Crime rates also play an important role as to how secure a neighborhood is going to be.

Safety – We are talking about the safety of a place from natural calamities. A big investment such as a real estate should never go under water or mud! Don’t let this happen to your property by researching about the past of a location.

Community – The entire community should be child-friendly. A nearby day care center, children’s park and if possible, a library are the essentials to keeping your children safe and happy during the day.

Environment – A good location should also be beautiful. Garbage should be kept at bay as well as the rules on keeping pets and allowed noise within the neighborhood.

An ideal location for you should also be realistic but it is not an easy find. You have to do your part in searching for the right documented materials and testimonials about the place. A good location is different from each person but an example can be compared to the ones in Scottsdale Homes. Above all reasons, what you have to make sure is the safety that entitles a location of a real estate. Don’t settle for what you just see available in the market. Ask help from a real estate expert on listings that you can look at and could possibly like.

Location should not be taken for granted. Do not give up your standards on safety in exchange of a less expensive home. Learn how to be patient. It is essential that you conduct intricate analysis on a propert because it is going to be a life-long investment. You can find an estate that belongs to you by seeking help from Scottsdale Real Estate.

The process of purchasing a new property , regardless of the real estate market, can be very challenging . For some couples , it can be the most frustrating undertaking of a lifetime if you are not ready .

Thankfully, there are several easy suggestions you can follow to make sure that buying your new home will be as stress-free as possible! Remember, a new home will be one of the biggest investments of your life.

1. Use a qualified real estate agent. The hunt for a new home starts simply enough and typically with much excitement. But, before you know it, the process can get very difficult and hard to understand . Having a professional real estate agent on your side will help you through the process ensuring you get a great deal.

2. Be careful when speaking with either the seller’s   agent or even the seller. Many people looking for home across the nation have given away too much information that ended up costing them money during the negotiations. Don’t speak to the seller or the other realtor until the contract has been signed. Leave all communications to the professionals. It will save you money and heart-ache in the long run.

3. If you’re looking to buy a home , be ready to make a solid offer. The property market in many areas is still very hot. Once you find the house of your dreams, be ready to make an offer. In some markets, you might find dozens of homes that fit your needs, giving you time to think about exactly the perfect new house   purchase. But in others, the house market is still very competitive.

Getting pre-approved for a loan or even pre-qualified will strengthen your negotiating position and help you get a better price on your new home. Make sure you shop around for the best rates on a mortgage.

4. Figure out your price range and only look at properties within that price range. A knowledgeable real estate agent will be able to provide you many houses that fit within your price range in the most desirable areas wherever you look.

We are all guilty of looking at dream properties way beyond our means. And, for the most part, that’s simple harmless dreaming. But, if you look at properties that are not way above your range but just above your price range, you can get emotionally involved in a house that you will end up being able to not afford. How many people within the last couple of years have bought properties beyond their means? What happens to them? Foreclosure. By restricting your house hunt to homes you can afford, you avoid this potential disaster.

5. When you finally get down to writing your contract with the seller, write it in such a way that the seller will want to accept the contract rather than counter-offering. Creating these positive expectations will help you avoid the emotional blow-ups that can come from offering a low-ball price and potentially losing the deal. Try to check your ego at the door and negotiate so that all interested parties will walk away pleased.

Aradio Zambrano is a leading Woodlands Texas Real Estate agent, providing current listings of Homes for Sale Woodlands TX.  If you’re looking for Homes for Sale the Woodlands, contact Aradio at today!

Today’s Conforming, Fannie Mae/Freddie Mac Mortgage Rates.

May 6, 2010

*Please note that Fannie Mae Rates are subject to change, sometimes several times per day.*

*All Fannie Mae Rates assume a credit score of at least 740.*

*All Fannie Mae Rates posted are based on 30 day locks. *

*Please note that the Fannie Mae Rates posted are subject to adjustments for the following criteria*

1) Loan amount.

2) State specific adjustments.

3) Property type

4) Occupancy

5) Loan to value

Conforming 30 year fixed

With 1.375 point – 4.50%! – APR of 4.696%

With 0 points – 4.750%! – APR of 4.827%

Conforming 15 year fixed.

With 1 points – 4.00% – APR of 4.218%

With .250 points – 4.125% – APR of 4.294%

Conforming 3/1 year ARM

With .50 point – 3.25% – APR of 3.451%

With 0 points – 3.375% – APR of 3.446%

Conforming 5/1 year ARM

With .125 point – 3.25%! – APR of 3.330%

With 0 points – 3.375%! – APR of 3.446%

Conforming 7/1  year ARM

With 1 point – 3.50%! – APR of 3.592%

With 0 points – 3.625%! – APR of 3.697%

Contact us for free, no obligation customized quote for today’s Conventional Mortgage Rates.

Compare Today’s Conventional Mortgage with our USDA Rates, Today’s FHA Rates and Today’s VA Rates

Information provided is solely for use by licensed real estate agents, builders and consumer use but not for distribution. Rates and APR are accurate as of date shown above and subject to change without notice. *APR and rates are based on $200,000 loan amount with 5% down and 30 day rate locks.

New Private Mortgage Insurance Changes!

We finally have some good news in the mortgage industry!

95% loan to value is now available on conventional mortgages in California, Arizona and Nevada.

(Not available in Florida)

Here are some of the program guidelines.

- 740 credit score required for California and Arizona.

- 760 credit score required for Nevada

- 720 credit score for all other approved states (not available in Florida)

- 45% debt to income ratio.

- Maximum loan amount is $417,000.00.

- Single family residence and detached planned unit developments.

- 720 credit score for all other states.

- 45% debt to income ratio available – all credit scores (41% in Florida)!

- 90% loan to value also available with a 680* score , maximum debt to income ratio of 41%

up to $417,000.00 (* minimum 720 score in California, Arizona, Nevada and Florida).

Feel free to contact us for more information or a customized rate quote.

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Residential Construction Loans Are Making A Comeback!

Residential construction loans are staring to pop up again which is great news!

We can offer the following residential constructions loans.

The Owner Builder Program:

Build a new home.

For borrowers constructing their primary residence.

Owner-builder and contractor built are both acceptable!

Here are some of the guidelines for new home construction loans.

1) For Owner Occupied:

- Maximum loan to value is 70%.

- Term of loan – 6 months.*

- Minimum credit score of 700.

2) Non-owner occupied.

- Maximum loan to value is 60%

- Minimum credit score of 700.

- Term of loan – 9 months.

Other new home construction loan parameters:


Single family residence – stick built only. 1-2 units acceptable for non-owner occupied.

Appraisal based on a maximum of 5 acres with close, recent and similar sold comparables; non-rural.

Loan limits:

$50,000.00 to $400,000.00

Credit and credit scores:

Use the lowest mid-score of all applicants.

Five year seasoning on all bankruptcies.

No reporting foreclosures, short sales or deeds in lieu of foreclosure.


All loans for construction term only, not permanent.

Interest only payments based on gross loan amount, due monthly.

Subject to:

Builder approval and construction budget approval.

General notes:

No land payoff, subordination not allowed. Land value not included in cost calculations (LTC).

Add 1% to fee for completion requests (no debt payoffs). All non-owner occupied requests require

a satisfactory business plan. Construction industry related borrowers must qualify using non-owner

occupied guidelines. Stated income available for non-owner occupied programs.

4506 tax form required.

The Spec Program:

Build a new home

Spec financing for builders constructing a home they will sell.

Please see the guidelines for non-owner occupied restrictions.

*3 month extension option available*

Lending in the following states:




New Jersey




New York *













North Carolina





Texas **




Owner occupied program is not offered in

Indiana, Maine, Minnesota, New Jersey, North Carolina or Ohio

*Consumer loans in New York require a minimum loan of $300,000.00*

** Owner occupied self-build projects in Texas require existing home ownership in Texas**

Contact us for more information.

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We Have A New Jumbo Mortgage Loan Program Available In All 50 States!

This unique Jumbo Mortgage Loan offers one thing that you’ll be hard pressed to find anywhere else and that is financing up to 90% of the appraised value even in a declining market! That’s right, this program is available in declining markets like , Nevada, Arizona, California and Florida to name just a few.

This program does require Private Mortgage Insurance for any loan over 80% of the appraised value but it is possible to add a second mortgage to avoid the Private Mortgage Insurance.

We offer this Jumbo Mortgage with the following terms:

3/1 ARM

5/1 ARM

7/1 ARM

30 Yr. Fixed

15 Yr. Fixed

Here a few of the guidelines for this Jumbo Mortgage Loan.

* Maximum DTI (debt to income) ratio is 40%

* Cash-Out – Maximum of  75% LTV

* No Power-of-Attorney if doing a Cash-Out refinance

* Escrows Required – Escrows waived as an exception with .25% fee

* Self employed borrowers must have 2 yrs. Business & Personal Tax Returns including all schedules.

* Reserves – Minimum of 12 months non-retirement PITI for Jumbo loan amounts up to $1,000,000.

* Reserves – Minimum of 24 months non-retirement PITI for Jumbo loan amounts over $1,000,000.00.

* Mortgage Insurance Required for loans over 80% loan to value.

If you have any questions or you would like more information about this great Jumbo Mortgage Loan program, please feel free to fill out the form below or call us at (877)228-9069

Please remember to check your spam folders for important emails from us!

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HomePath Conforming Product

Some hi-lights of this program are:

• Eligible properties must be owned by Fannie Mae (as a result of foreclosure or other similar action such as deed-in-lieu of foreclosure), sold by Fannie Mae to the borrower(s), and designated by Fannie Mae as eligible for a HomePath Mortgage.

• Lender must document the file with the appropriate pages printed from showing that the property was eligible for HomePath Financing.

• DU approve/eligible or EAI/Eligible required

• NO MI is required, regardless of LTV or DU findings requiring MI

• Conforming Fixed (15 & 30 yr terms), 5/1 Libor 7/1 Libor

• Temporary Buy-downs available

• 5/1 ARM: qualify at greater of note rate or fully Indexed Rate

• Debt ratio determined by DU

• Eligible Occupancy; 1-4 family owner occupied, 1 unit 2nd home. 1-4 unit non owner

• LTV/CLTV as follows:

• Primary residence Purchase; 95% LTV no secondary financing

• 1-2 unit – 660 Fico 90% LTV with secondary financing; max CLTV 95%

• Primary residence Purchase; 80% LTV no secondary financing

• 1-2 unit – 620 fico 75% LTV with secondary financing; max CLTV 80%

Contact us for 2nd homes & and Investment properties

• PUD/Condo must be Fannie Mae Warrant-able

• Ineligible property types: co-op, condotel, manufactured housing

• Non Occupant co-borrowers allowed

• EAI min fico 620

• No mortgage or rental lates allowed last 12 months

• No Short pay off last 7 yrs

• Participation in restructure of mortgage due to delinquency requires 48 months re-established credit

• Age of BK determined by DU

• 5% down must be from borrower’s own funds for HomePath financing (exception is owner occ or 2nd home with 80% or less LTV

• Reserves: second home requires 2 months, investment property requires 6 months (additional may be required when borrower owns multiple properties)

• HomePath financing does not require an Appraisal in any state except for TX which requires full appraisal

If you have any questions about the HomePath mortgage program or you would like to get pre-approved for a new mortgage, please feel free to fill out the form below or call us at (877)228-9069

Please remember to check your spam folders for important emails from us!

Contact Us.

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Today’s Conforming, Fannie Mae/Freddie Mac Mortgage Rates.

October 29,2009

*Please note that Fannie Mae Rates are subject to change, sometimes several times per day.*

*All Fannie Mae Rates assume a credit score of at least 720.*

*All Fannie Mae Rates posted are based on 30 day locks. *

*Please note that the Fannie Mae Rates posted are subject to adjustments for the following criteria*

1) Loan amount.

2) State specific adjustments.

3) Property type

4) Occupancy

5) Loan to value

6) Declining market

Conforming 30 year fixed

With 1 point – 4.75%!

With 0 points – 5.0%!

Conforming 15 year fixed.

With 0 points – 4.375%

Conforming 3/1  year ARM

With 1 point – 3.75%

With 0 points – 4.0%

Conforming 5/1  year ARM

With 1 point – 3.625%!

With 0 points – 3.875%!

Conforming 7/1  year ARM

With 1 point – 3.8755%!

With 0 points – 4.375%!

Contact us for free, no obligation customized quote for today’s Fannie Mae Rates