Profile picture for Chip Streater

Chip Streater

Zillow Local Expert in:

  • Carmel
  • Fort Mill
  • Indian Trail
  • Green Ave

The Local Expert badge is awarded to those who have made valuable contributions in a specific city or neighborhood on Zillow. Local Experts are active Zillow users who share their real estate knowledge and help others by contributing high-quality content at a local level. The more and better the contributions a user makes that relate to that city or neighborhood, the more likely an award will be granted. Users' contributions can be seen in their profiles.

Learn more

Loan Officer NMLS#73949 (16 years experience)

Purchase Loan,
Mortgage Planning


  • (569 Contributions,
  • 6 Best Answers,
  • 130 Helpful)

Contributions are sorted newest to oldest.

Looking for lender servicing NC with LPMI products


You need to look at all available options to avoid mortgage insurance. These options include:1. A combination 80/10/10 structure.2. Single premium buyout.3. Lender paid mortgage insurance.4. Split premium option.In other words, someone who is well versed in mortgage insurance products and can provide a lay out all avoidance options for you to compare.Best Wishes!



Adina-  That was a great deal. Rates have increased since your post. Hopefully you have locked in and your future mortgage is being processed.



 Assuming you owe 110% + more than the condo is worth....The current Fannie Mae guidelines I see allow for your refinance. The Freddie Mac guidelines currently don't.  Hopefully you are with Fannie Mae or someone else in the zillow community can point you in the right direction for Freddie Mac. Keep in mind that you still have to meet credit and income requirements.

Getting approved for a home and having bad credit?


- If you have any collections or recent late pays(last 12 mos.) your goal should be two scores greater than 640.-More than likely your husband needs to complete one or more of the following generic actions to gain a 620 or greater credit score.1. Open a new secured credit card and maintain a $10 balance2. Pay down a credit card to a specified percentage.3. Bring a current late payment up to date.4. Pay and delete a collection.5. More options may exist. Specialized professional mortgage guidance, your patience(30-45 days) and a positive attitude will take you where you want to be.Best Wishes!

15 vs 30


Fixed mortgage terms in 5 year increments from 10 through 30 should be made available for your review.  Pay attention to the amortization tables between the different terms and your choice should become clear.At the end of the day it's really about your 5-10 year goals.Best Wishes!

Jumbo Loan in Charlotte , NC


Based off the current information provided as little as 10% down will be available if you have two credit scores greater than 740. The traditional 15 & 30 year fix along with 1,3,5,7 & 10 year adjustable rates are options for your consideration.The best decision will be made from comparing loan costs, interest rates, program features and amortization schedules in conjunction with your short, mid & long term goals. A good loan officer will provide this information in a consumer friendly format and advise you based off of the previous mentioned factors.Best Wishes!