5 things you should do when buying a home in Raleigh
My colleague Thomas “rock” Rosciano wrote a very good post and I thought it was good enough that I wanted to share it with my readers.
Year: 2013
6 Things You Should NEVER do When Buying a Home
Six Things You Should NEVER do When Buying a Home 1. Don’t go buying a lot of junk, or even quasi-junk. Draining your savings or running up credit card debt to buy a new living room set, a big-screen TV, or a …
FAQ – What is a IRS Request for Transcript of Tax Return (4506t)
One of the most common cause of foreclosure is misstated or overstated income. Since the mortgage meltdown of 2008, and because of increased accountability to Washington, lenders are now required to take extra steps to verify that borrowers have the …
FAQ – What is a IRS Request for Transcript of Tax Return (4506t) Read more »
FAQ – How Will a Government Shut-down Delay My Mortgage Loan Application?
There’s been a lot of rhetoric coming from both sides of the congressional aisles these days; from Democratic and Republican parties and even a few in between. But recently the media has begun reporting government shutdown fallacies as facts. I’ve …
FAQ – How Will a Government Shut-down Delay My Mortgage Loan Application? Read more »
Why you need to get pre qualified BEFORE shopping your next home
A lot of clients want to know why they should get pre-qualified for a mortgage? It’s a good question! Hi, my name is Jenny Miller with AES Lending. Let’s look at pre-qualification another way.
Dos & Don’ts During Your Mortgage Process
As part of our continuing service to you, we’d like to offer some tips that may be helpful when you’re looking to purchase a new home or refinance your home loan.
Above all else, pay your bills and start saving.
FAQ – FHA ‘Back to Work; Extenuating Circumstances’ Explained
This 15 page letter outlines how the FHA plans to make exceptions that will allow borrowers with troubled past related to the economic malaise commonly called the Great Recession, to reenter the market in a shorter time-frame.
It just got a little bit easier to buy a home in Raleigh
A few weeks ago I sent an email to my clients titled “Credit standards ARE loosening” which was inspired by a blog FHA 203(b) Loans for North Carolina borrowers with 620 Fico Scores . In that email I pontificated that …
It just got a little bit easier to buy a home in Raleigh Read more »
Housing Affordability Declines in Raleigh as Mortgage Rates Rise and Inventory Dwindles
Is Raleigh's housing markets headed for another bubble?
However, here in Raleigh, there’s a different story. According to NAR, the Median Sales Price of Existing Single-Family Homes rose a healthy 2.9% in Q2 2013 from $193,200 during the same quarter last year to $198,800. But the real surprise for me was in Durham which saw a 3.6% overall gain from $198,500 to $205,700 for the quarter ending July 30, 2013.
What’s a Streamlined FHA 203(k) Rehab Loan good for?
What Is a Streamlined FHA 203k Loan? This loan can help you buy and repair a fixer-upper or what is sometimes called a Handyman special FHA 203k loans are loans that are insured by the Federal Housing Administration The federal …
What’s a Streamlined FHA 203(k) Rehab Loan good for? Read more »