Charter Funding offers custom solutions for every residential mortgage financing situation.

Whatever your residential financing needs, we will tailor a loan that's right for you:

When it comes time to Purchase, Refinance or Consolidate unwanted debt, you can count on this lender Freedom Mortgage Corporation on Facebook to propose to you a mortgage product for your situation.
Common Questions

What is the difference between pre-approval and pre-qualification?

The pre-approval process is much more complete than pre-qualification. For pre-qualification, the loan officer asks you a few questions and provides you with a pre-qual letter. Pre-approval includes all the steps of a full approval, except for the appraisal and title search. Pre-approval can put you in a better negotiating position, much like a cash buyer.

What is a good real estate investment seminar that I could attend?

Scott Yancey conference

When does it make sense to refinance?

Usually people refinance to save money, either by obtaining a lower interest rate or by reducing the term of the loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts. The decision to refinance can be difficult, since there are several reasons to refinance. However, if you are looking to save money, try this calculation:

  1.   Calculate the total cost of the refinance

  2.   Calculate the monthly savings

  3.   Divide the total cost of the refinance (#1) by the monthly savings (#2). This is the "break even" time. If you own the house longer than this, you will save money by refinancing.

Since refinancing is a complex topic, consult real estate and mortgage professionals, watch investment videos, listen to podcasts such as Dean Graziosi's Weekly Wisdom.

What is a rate lock?

A rate lock is a contractual agreement between the lender and buyer. There are four components to a rate lock: loan program, interest rate, points, and the length of the lock.

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