Your Local Mortgage Lender
Located in Charlotte, North Carolina
Personalized Mortgage Experience
Kendra Lamanna offers personalized service and loan options you'll love. We shop multiple lenders to find the best rate and product for you, getting you into your dream home faster.
With wholesale interest rates and cutting-edge technology, we make the mortgage process seamless. Trust the experts who focus solely on mortgages. Support your local community and experience elite client service.
Let us help you achieve your homeownership dreams!
The Home Loan Process
Mortgage Pre-Approval
Get pre-approved from one of our Loan Officers to see how much you can afford.
House Shopping
Work with a trusted Real Estate Agent to find a home you would like to move into.
Loan Application
Complete your home loan application to get the lending process started.
Don't take my word for it
Mortgage Programs
Experience the best mortgage experience located in Charlotte, North Carolina.
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
USDA Home Loans.
VA Home Loans.
Want To Get Approved For A HELOC?
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
Should You Buy Now or Wait for Mortgage Rates to Drop and Here Is What Kendra LaManna Tells Buyers
The Question Kendra LaManna Is Hearing Consistently Right Now
Should I buy today or wait until mortgage rates come down? It is one of the most common questions buyers are bringing to Kendra LaManna right now and it deserves a thoughtful answer rather than a quick push toward either decision.
Why Waiting for Lower Rates Does Not Automatically Make Buying Easier
The logic behind the waiting strategy is straightforward. Rates fall. The monthly payment becomes more affordable. The decision to buy feels less stressful. That chain of reasoning makes sense as far as it goes and it does not go far enough.
When rates improve meaningfully the buyers who have been sitting on the sidelines do not continue sitting. They move at roughly the same time because the same signal that reached one buyer reached all of them simultaneously. That sudden return of buyer activity runs directly into the same housing inventory those buyers were waiting to afford.
More buyers competing for available homes pushes prices higher. Seller concessions that were available in a less competitive environment disappear when sellers have multiple offers to evaluate. The monthly savings from the lower rate can be partially or fully absorbed by the higher purchase price required to win in a market where buyer leverage has evaporated. The strategy that was supposed to produce a better financial outcome does not always deliver it.
What the Better Framework Looks Like
Rather than trying to predict when the rate environment will be optimal Kendra redirects buyers toward questions that actually have clear answers based on their current situation.
Does the payment fit your budget at today's rate and today's price? Is this the right home for your family's actual needs right now? Does buying make sense given your income stability, your savings, and your plans for the next several years?
Those questions have answers that are specific to each buyer and they do not change based on what the Federal Reserve does at its next meeting or what the bond market did this week.
When the Best Time to Buy Actually Is
The best time to buy is not always when rates are at their lowest. It is when the numbers work for your specific situation and when your goals align with the decision. A buyer who purchases at a payment that fits their budget today and refinances when rates improve is in a meaningfully different position than a buyer who waited, paid more in a competitive market, and refinanced into the same lower rate. The first buyer captured today's price and today's negotiating leverage. The second buyer did not.
Buying when the home is right and the payment is manageable is the decision that holds up over time regardless of where rates go from here.
Reach out to Kendra LaManna at New American Funding to run the numbers on your specific situation at 585-329-1491 and find out whether buying now makes more sense than waiting for a market moment that may not deliver the advantage you are expecting.
Sources
NAR.realtor
MortgageNewsDaily.com
FederalReserve.gov
ConsumerFinancialProtectionBureau.gov
Investopedia.com
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Contact Us
(585) 329-1491
6000 Fairview Road, SouthPark Towers, Suite 1200, Office 1207 Charlotte, North Carolina 28210
