Buying A Home With Poor Credit
Updated Jul. 9, 2014
In today's economy, many people want to purchase a home, despite the fact that they've had some hard times.. We work with people to help them raise their credit scores and purchase. It takes time. it does NOT have to be expensive, but you have to WANT to change your credit picture.. Credit Scores are just a "snap shot"...

FHA Refinance / Not Owner Occupied
Updated Oct. 24, 2014
Did you know that if you have a FHA mortgage on a property you NO LONGER live in - you can still do a FHA streamline mortgage?. Streamline FHA mortgages are for folks who are ONLY LOOKING TO LOWER THEIR MONTHLY PAYMENT. I've got that in all caps, because you can't make ANY changes to the terms of the loan, the type of loan,...

REFINANCE Options in NC
Updated Jul. 9, 2014
If you have a conventional loan with a rate of more than 5.625% today- you should likely refinance. We are not seeing a tremendous problem with folks who are having appraisal problems - although a few people in North Carolina are being a little unrealistic about what they think their home is worth.. Many of the folks we...

Refinance Comparison
Updated Jul. 9, 2014
If you currently have a 30 year fixed rate mortgage on your $300,000 house at a rate of 5.5% you might be wondering if interest rates have gotten low enough for a refinance to make sense... and you might be pleasantly surprised!. According to Freddie Mac, 22 percent of homeowners who refinanced in the 2nd quarter of this...

Refinancing USDA Home Loan
Updated Jul. 9, 2014
** UPDATE 2/12*****. USDA Announced a STREAMLINE refinance Program for homeowners in NC. This program is limited until the end of the year - and has special features. To learn more about the USDA Streamline Loan program - please call us!. If you purchased your home using the USDA Home Loan Program, and your interest...

Time To Refinance?
Updated Jul. 9, 2014
Bad News in the Economy generally means GOOD news for mortgage interest rates... so, as you read the news about the Stock Market in Australia, and Japan going down because US Consumer Confidence is so low - and there's talk about a "Double Dip," think 4% mortgage rates!. At 4% mortgage rates, the 15 year rates would be...

FHA Streamline Refinance of 2012 Endorsement Date Explained
Updated Oct. 24, 2014
There's a new FHA Streamline Refinance program coming on June 11, 2012 and lots of people are interested in it! It has a new "tier" for the FHA PMI rates - that is much lower than the current rates! Of course, FHA doesn't actually make loans, they just insure the Lender against default. Because most of the people we...

What Are USDA Loans?
Updated Jul. 9, 2014
USDA Loans are pretty much THE go to mortgage loans for first time home buyers, and those who don't have a TON of cash they want to part with to buy a house. Why is that? Because they do not require ANY MONEY for a down payment on a home. They are fairly easy to qualify for, and they are intended for folks who want to live in a...

3 First Time Home Buyer Tips
Updated Oct. 24, 2014
First Time Home Buyers in North Carolina don't know what they don't know... so they end up anxiously asking all of their friends for advice. Because none of their friends are Mortgage Loan Officers, they end up just hearing horror stories, adding to the anxiety. I try to provide simple, educational tutorials that...

Construction Loan Basics
Updated Nov. 30, 2017
Our Construction Loan basic guidelines are significantly different than other places. We offer fixed rate, 30 year loans, many of our competitors only offer 15 year or Adjustable Mortgages. We will allow you to put as little as 10% into the transaction, most of our Construction Loan competition requires at...