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North Carolina Mortgage Rates

North Carolina mortgages

North Carolina offers so much to people relocating or retiring there as well as those who have spent their entire lives there. Besides the four seasons and the countless recreational opportunities, home buyers and owners can find money-saving deals on new mortgages and refinances. To ensure they have the knowledge needed to make the right decisions, many turn to the resources available at MortgageSearchLive.com. Useful mortgage calculators, a glossary of mortgage terms, and even a detailed directory of lenders in North Carolina help answer all their mortgage-related questions.

Home equity loans in North Carolina

If you have equity in your home, you can turn it into cash. To start, apply for a home equity loan with a fixed rate of interest, or a refinance available with either an adjustable or fixed rate. The fixed rate on a refinance typically is lower than that on a home equity loan. The debt incurred with a home equity loan is in addition to the debt carried on a first mortgage whereas refinancing results in a single loan that’s larger.

Comparing North Carolina mortgage rates

A quick look at MortgageSearchLive.com’s online directory of North Carolina brokers is the easiest way to find qualified lenders. To find the mortgage with the best rate for your situation, it’s wise to obtain multiple offers in writing. When they come in, take time to compare all terms including interest rates, amortization schedules, and fees. Here’s how to prepare for lender meetings and loan comparisons:

  • Know what you can afford. Mortgage calculators help analyze rates offered on different loan types.
  • Try to accurately predict the future. Whether you expect a pay increase or may need to move soon can impact the mortgage you choose now. 
  • Learn how interest rates influence different North Carolina mortgages.

For example, introductory rates on ARMs (adjustable rate mortgages) typically are lower than on fixed rate mortgages, but can become significantly higher later on. Interest rates on second mortgages tend to be higher than rates offered on refinancing.

Popular Areas in North Carolina

Albemarle
Asheville
Boone
Brevard
Burlington
Cary
Charlotte
Concord
Dunn
Durham
Elizabeth City
Fayetteville
Forest City
Gastonia
Goldsboro
Greensboro
Greenville
Henderson
Hickory
High Point
Jacksonville
Kill Devil Hills
Kinston
Laurinburg
Lenoir
Lexington
Lincolnton
Lumberton
Mooresville
Morehead City
Morganton
Mount Airy
New Bern
North Wilkesboro
Raleigh
Roanoke Rapids
Rockingham
Rocky Mount
Salem
Salisbury
Sanford
Shelby
Southern Pines
Statesville
Thomasville
Washington
Wilmington
Wilson
Winston