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If you are a first-time home buyer in NC and need clarification on home loans or mortgage rates, Total Mortgage has the absolute solution for you. We have some of the brilliant minds in the real estate market who can find the best down payment assistance in NC for you. So, you don't have to check the NC requirements for first-time home buyers anymore—we will do that for you. We will also ensure you get the best current mortgage rates in New Carolina. Here at Total Mortgage, we believe in fulfilling dreams. And your dreams are our dreams now. So, let's plan and find the best property in North Carolina for you.

What our North Carolina clients say

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Jason Alvarez and Michael Del Grosso were incredibly helpful! I can’t say enough good things about them. Jason was there every step of the way—timely, professional, and considerate don’t begin to scratch the surface in describing the many ways that he provided excellent service throughout the entire process. Thank you!

J C.

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I worked with Kevin as a first time homebuyer for the full real estate purchasing process. From helping me with early rate quotes, very fast pre-approvals so that I could put offers in, and then guiding me through the process once an offer was accepted and getting a loan approved and closed. Kevin was very helpful throughout, always able to answer a text or phone call and reassuring and explaining answers to my questions throughout the process. I'd highly recommend working with Kevin, great rates, fast and efficient communication, and he clearly cares about working with people!

Paul A.

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Kristen V.

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Kevin Richardi was so helpful and knowledgeable. and efficient would recommend him 110%.

Sarah G.

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It was a fantastic experience working with Tricia to help us secure the home we wanted. It was a great experience, from the first time I spoke with Tricia, until the day we closed on our house. She was a wealth of information and knowledge and was always there with a very fast and thoughtful response. She made the process clear and worked with us every step of the way to make sure we got the home we needed. She even was able to help us close much quicker than we expected which we really appreciated. I recommend anyone work with Tricia, you will be happy you did!

Jameson A.

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The team did a wonderful job in getting me set up with everything I needed for my first home purchase! Communication was clear, concise and very prompt for responses and answered all my questions and more about the process and what needed to be done for a very smooth and painless process! 10/10 would recommend!

R B.

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After another lender couldn’t make a loan work for us, we reached out to Shane and we just moved into our new home! Couldn’t recommend him enough. He was responsive and thoughtful and made it a smooth process.

Kayla F.

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Working with Denise was such an amazing and helpful experience!! I would recommend her to anyone.

Anthony L.

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Shane was phenomenal from start to finish. As a first time homebuyer, I had a lot of questions and expected the mortgage process to be overwhelming, but he made everything incredibly straightforward and stress free. He worked incredibly fast, helped me secure an excellent rate, guided me through the MassHousing process, and made uploading all of my documentation unbelievably easy. What really stood out though, was that he didn’t just move quickly. He took the time to educate me. He patiently explained every step of the process so I understood what was happening and felt confident in every decision. Shane was always responsive, no matter the time, and consistently patient, attentive, and professional. I never felt like I was bothering him with questions, and he always made sure I had the information I needed. Buying your first home can be intimidating, but thanks to Shane, I felt completely at ease throughout the entire process. I couldn’t recommend him more highly, and I would absolutely work with him again.

Dilanjan A.

zillow

This was my second time working with Jim. He was responsive, knowledgable and helpful through our process. Highly recommend him for his experience and calm demeanor during the entire process. Thank you Jim!

Julie V.

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Frequently asked questions about North Carolina mortgages

What is considered a good mortgage interest rate?

When exploring mortgage rates, it's essential to evaluate not only the interest rate but also consider additional loan terms such as annual percentage rates (APRs), fees, and closing costs. A comprehensive comparison of loan specifics from multiple lenders is crucial in identifying the most advantageous deal tailored to your circumstances.

Should I lock my mortgage rate?

Mortgage rates are subject to frequent and unpredictable changes. Contemplating locking your mortgage rate may be prudent under the following conditions:

  • Rising rates: If there's a sustained upward trend in rates over several weeks or months, securing your rate ensures it won't exceed the initially qualified rate.
  • Federal Reserve meeting: Anticipating a potential rate increase during a Federal Reserve meeting, consider locking your rate before the meeting for financial security.
  • Desire for financial certainty: Locking your rate guarantees a stable monthly mortgage payment, shielding you from unexpected changes.
  • Set closing date: If your closing date is fixed with no expected delays, securing your rate is a strategic decision.

How long does a mortgage rate lock last?

The specific lock-in period may vary, but generally, you can secure a mortgage rate for 30 to 60 days. Once the rate lock expires, unless the lender agrees to an extension, the initially locked rate is no longer guaranteed. Changes in factors like credit score, loan amount, debt-to-income ratio, or appraisal value during the lock-in period could potentially void the initial rate lock.

Is it possible for me to negotiate my mortgage rates?

Depending on your credit qualifications and willingness to obtain quotes from multiple lenders, negotiating a lower mortgage rate may be feasible. Another option is purchasing mortgage points, where paying a percentage of the interest upfront can reduce the interest rate and monthly payments. A mortgage point is equivalent to approximately 1% of the total loan amount, translating to around $2,500 on a $250,000 loan.

How are interest rates determined?

Lenders establish interest rates for their loan products, influenced by factors such as the Federal Reserve's actions, economic conditions, and consumer demand. Changes in short-term rates by the Federal Reserve can prompt lenders to adjust mortgage rates. Individual considerations, including credit score, down payment, income, as well as the varying levels of risk and operational expenses for lenders, can also impact mortgage rates.

How frequently do mortgage rates change?

Mortgage rates can vary daily, influenced by factors like inflation, the bond market, and the overall housing market.

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