About the only thing I call myself an expert in these days is Mortgage Banking but when I see investors willing to lay out $55 Million to build luxury apartments in Raleigh, well that tells me they think that there is a …

Experts predict rents will rise rapidly in Raleigh Read more »

As if we needed another reason to be optimistic about the economy and overall health of things to come in Raleigh / Cary North Carolina, yet we keep getting reports like this; HCL’s Cary center adding 200 employees Triangle Business Journal …

HCL’s Cary center adding 200 employees Read more »

FHA – Requires terms of withdrawal on all 401K funds that are provided even if the funds are not being used or withdrawn at closing. Generally these terms are available for download from an HR Web Portal.  Persons employed by …

Underwriting Tip – Verification of 401(k) funds Read more »

According to the Triangle Business Journal, employment in the financial sector has risen above 2001 levels in 21 states. North Carolina has had the 2nd largest increase! (behind Texas which holds the number one spot)   North Carolina now has 16,100 …

Moving to Raleigh – North Carolina has largest gain in financial jobs Read more »

Heritage Wake Forest, one community in the Greater Raleigh’ area with most stable real estate  values;  but that’s only one reason to call Heritage home. Aside from the wonderful amenities, Heritage Wake Forest is a very unique neighborhood in that it …

Heritage; one of the area’s most stable communities in Wake Forest Read more »

$1,000 CLOSING COST INCENTIVE: The Downtown Raleigh Alliance is offering a $1,000 closing costs incentive to the first three event attendees who purchase and close on a home in downtown (see below for specifications) between May 21, 2011 and December 31, 2011. Funding for the incentives made possible by corporate sponsorships.

Damage from April 16th Tornado in Raleigh

You’ve settled your claim with your home owners insurance agent and you have an insurance settlement check but it’s made out to you and your mortgage company; How do you cash it to pay for the repairs

5 Things to Consider before choosing a company to restore your home after a catastrophe:   #1 – GET REFERENCES – The media has been very good to communicate this but the Better Business Bureau is only one option and most …

5 Tips for For Choosing a Contractor to restore your home after a disaster Read more »

Raleigh, NC  –  Headlines have done little to make real for most of us what devastation, loss of life and economic livelihoods have occurred because of these disasters. It is hard for me to recall a time in my adult life that so many …

Restoration Company or Contractor/Repairman Read more »

FHA Buyer Financed Closing Costs Financing of Transaction Costs for Real Estate Owned Properties (REO) Purchased under Federal Housing Administrations  $100 Down Sales Incentive Click for mortgagee letter/details  Related articles Underwriting Tip – FHA Gift Funds (theraleighmortgageguy.com) Buyers Receive up to 3.5% …

Underwriting Tip – FHA Buyer Financed Closing Costs Read more »