Carl Holman | Source | Director of Communications & Content at A&D Mortgage, LLC
Carl Holman
As A&D Mortgage’s Communications Manager. Carl Holman has more than 25 years of expertise in marketing, media relations, and communications, having spent 10 years of his career in mortgage lending and real estate. He holds a Bachelor’s in Journalism and Mass Communications from the University of South Carolina.
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A&D Mortgage, LLC
Director of Communications & Content
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Why did my mortgage payment go up? - Bankrate
Your mortgage payment can increase unexpectedly for various reasons.
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What to know about a mortgage prepayment penalty and how to avoid it
“Borrowers should calculate the potential savings from paying less interest against the cost of any prepayment penalty to determine if early payoff is financially beneficial,” said Carl Holman, communications manager at A&D Mortgage.
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How a Cosigner Can Help You Qualify For a Mortgage - Refi.com
Struggling to qualify for a mortgage due to credit issues? Explore how a cosigner can enhance your eligibility and share the responsibility.
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Navigating Finances and Home Buying: Expert Insights from Carl Holman
Carl advises that “creating a budget together encourages teamwork,” but its structure should fit the couple's lifestyle. He notes separate finances can cause distance if communication falters. On home buying, Carl suggests it depends on financial goals: single buyers have control, married couples ease financing, and partners should consider co-ownership agreements. -
Key Factors for Removing FHA Mortgage Insurance Revealed
Carl highlights that the origination date is crucial. For loans post-June 3, 2013, insurance removal is tough unless a 10% down payment was made. Pre-2013 loans may cancel insurance when the balance hits 78% of the property value after five years of payments. -
Understanding Mortgage Payment Increases: Insights from A&D Mortgage
Carl explains that payment increases often stem from "reassessed property taxes, insurance hikes, escrow shortfalls, and interest rate changes." He advises monitoring escrow statements and understanding loan terms, especially for adjustable-rate and interest-only loans. Late fees can also contribute to higher payments. Awareness of these factors can help homeowners manage unexpected costs.
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“A mortgage lender is an entity, often a bank, credit union, or specialized mortgage company, that lends money specifically for a real estate acquisition, including residential property,” explains Carl Holman with A&D Mortgage. “Understanding the various types of mortgage lenders is crucial because each type offers distinct terms, rates, and services as well as specific pros and cons. Having this knowledge can empower you to better compare options and select the lender that best suits your financial situation, property type, and personal preferences.” https://refi.com/understanding-different-types-of-mortgage-lenders/
