Sean Scott at Costello Real Estate - Charlotte, North Carolina

07/20/2021

Coming Soon...showings begin this Friday 7/23 at noon!

01/05/2021

For Sale in Charlotte! 🏡

Click below for INSTANT ACCESS to all photos, details and more! 👨‍👩‍👧‍👦

https://www.searchallproperties.com/information/2858043?s=2&219499627

Beautiful two story, single family home, located in the gated community of Park South Station! Gleaming wood floors throughout w/ soaring high ceiling...! ❤️

Courtesy of Ryan Stoneman, Costello Real Estate And Investments, LLC, MLS ID # 3685927

Get the Current Price, Photos, Details & More Now!

11/11/2020

01/08/2020

Not surprised!

A collection of sun-belt markets are among those in which home value growth in 2020 is most expected to outperform the national average.

12/13/2019

Finishing the year off strong.

11/21/2019

Such a cool building for this...

The coffee shop, food counter, bar, and bottle shop will replicate its operation in Fourth Ward’s historic Charlotte Fire Station No. 4. I spend enough time in the original location that they could reasonably charge me rent, so I’m excited about this.

11/11/2019

https://www.charlottestories.com/historic-photos-shows-uptown-charlotte-growth/

Charlotte was originally founded in 1768 on the crossroads of two Native American crossroads, on the corner of Trade and Tryon, or Independence Square. Since then, there have been three major periods of growth, the first was during Charlotte’s gold rush (1799-1849), the second was the building boo...

11/08/2019

The Different Types of Mortgages

When you think of a mortgage, you probably think of the traditional mortgage with a large down payment, or maybe the FHA mortgage with 3.5% down for a home. There are actually multiple mortgage products available to homebuyers, although some have restrictions for qualifying. Understanding the different types of mortgages lets you figure out how to buy a home even if you don't have what it takes to get a conventional mortgage. Here's a look at some of the different types of mortgages.

Fixed-rate mortgage, also known as a conventional mortgage. This is the most common or popular mortgage product. It's a 30-year loan with a fixed interest rate, but it's possible to get a conventional mortgage with 20-year and 15-year terms.

Government-backed mortgage, also known as an FHA loan. This type of loan is aimed at borrowers who would most likely be turned down for a conventional mortgage, but are capable of making loan payments.

Adjustable-rate mortgage or ARM. There are multiple types of mortgages that fall under this term, but they all share a common denominator in the variable interest rate aspect. If interest rates rise or lower via a third party index rate, so will the interest rate on the mortgage.

Interest-only mortgage. A borrower only pays the interest on the principal for a set period of time and gets a lower payment as a result. However, once the interest-only period expires, the mortgage payment jumps higher because the principal has come due. Once the principal payments are triggered, the monthly mortgage payment can be higher than it would be with a conventional mortgage.

Balloon mortgage. This type of mortgage is similar to an interest-only with one exception: the remaining balance of the mortgage is due at the end of the mortgage term.

Combination mortgage. A combination mortgage consists of taking out a down payment loan and a conventional mortgage. This is typically done to avoid the costs of private mortgage insurance (PMI). The idea of taking out two loans to buy a home may seem counterintuitive, but PMI can be expensive. Getting a down payment loan can cost less than PMI over the long run.

Source: Home Buying Institute

11/02/2019

Sun is out and a perfect Fall day. Come by my open house today from 1-3. 1728 Shoreham Dr. Charlotte, NC 28211

10/28/2019

Mortgage Rates for Second Homes vs. Investment Properties

You may have seen news headlines that the average mortgage rates in the U.S. are at nearly all-time lows. That’s true, but you can also be pretty certain that the average rates you may see listed …