Your Local Mortgage Lender
Located in Wilmington, North Carolina
Personalized Mortgage Experience
William Kirkpatrick 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 Wilmington, 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.
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
What If Waiting for Lower Mortgage Rates in Palm Beach County Is Actually Costing You Money Right Now
The Question Bill Kirkpatrick Is Having With Buyers Every Week
Buyers across Palm Beach County and the Treasure Coast are waiting for rates to drop before they commit to a purchase. Bill Kirkpatrick at CrossCountry Mortgage understands the reasoning and he also wants buyers to think through what actually happens when rates fall rather than assuming the outcome will deliver what the strategy promises.
What the Waiting Strategy Actually Produces
When rates improve enough to feel meaningfully different the buyers who have been sitting on the sidelines do not stay there. They all receive the same signal at the same time and they move together. The buyer pool that was thin during the higher-rate period suddenly expands and that expansion runs directly into the same inventory those buyers were waiting to afford.
More buyers competing for available homes in Palm Beach County pushes prices higher. The monthly savings from the lower rate get partially or fully absorbed by the higher purchase price required to win in a market where sellers have multiple offers and no motivation to negotiate. The concessions that are available today shrink or disappear entirely when competition returns.
The rate improved. The deal did not necessarily get better.
What Today's Market Is Actually Offering
The flip side of higher rates is something buyers in the current South Florida market have that they will not have when rates improve and competition returns. Leverage.
Fewer buyers competing means sellers are motivated to work with the buyers who show up. Room to negotiate on price. Sellers contributing toward closing costs more frequently than they were during the peak. Leverage for a seller-funded rate buydown that lowers the monthly payment during the early years of the loan while the purchase price advantage remains intact.
That leverage belongs to today's buyer. It does not carry forward into the lower-rate market that buyers are waiting for.
The refinance option also exists now and will exist after purchase if rates improve. You can refinance into a better rate when conditions change. You cannot go back and buy at today's price after waiting a year in a market where prices have moved and competition has returned.
The Only Question With a Real Answer
Nobody knows when rates will fall. Not Bill Kirkpatrick. Not professional economists. Not the confident voices on social media who sound certain about timelines the bond market has not resolved. A purchasing strategy built on that prediction is a bet not a plan.
The question with a real answer is whether today's payment fits comfortably within today's budget. If yes waiting is a risk the analysis does not support.
Send Bill Kirkpatrick a message and he will build both scenarios in actual numbers. Buying now versus waiting a year side by side so the comparison is based on real figures rather than assumptions about which path produces the better outcome in Palm Beach County.
Sources
NAR.realtor
MortgageNewsDaily.com
FederalReserve.gov
ConsumerFinancialProtectionBureau.gov
Investopedia.com
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