dults making over $60,000 annually are more confident in a home as the best investment for a family than those earning less than $60,000 and 52% of investors say buying a home is the best investment a family can make.

Has Renting Become the New American Dream? If you have wondered if buying a home is right for you, think about this simple phrase “Everybody has to live somewhere and of course the location can be one of the deciding …

Is Renting YOUR American Dream? Read more »

In April I wrote about a bill introduced in the North Carolina General Assembly HB/485 that I dubbed Cash For Contractors. The sole purpose of the bill was to reward home buyers of a newly constructed home in North Carolina with a …

NC Home Buyer Tax Credit *UPDATE* Read more »

Residents of Apex, NC had witnessed the terrible tornadoes that passed through the area recently, causing massive amounts of damage to local communities.  The town of Apex is now paying for a service that many town residents don’t even know exists.  …

Apex has tornado alerts by phone but many residents do not know about this service Read more »

Veterans Loans The fact that a bankruptcy exists in an applicant’s (or spouse’s) credit history does not in itself disqualify the loan.  Develop complete information on the facts and circumstances of the bankruptcy.  Consider the reasons for the bankruptcy and the type of bankruptcy …

Underwriting Tip – Bankruptcy Waiting Periods – VA Read more »

A Chapter 13 bankruptcy does not disqualify a borrower from obtaining an FHA-insured mortgage, provided that the lender documents that one year of the pay-out period under the bankruptcy has elapsed the borrower’s payment performance has been satisfactory and all required payments …

Underwriting Tip – Bankruptcy Waiting Periods – FHA Read more »

Because I am an existing CLEAR customer I am thrilled to be chosen as Raleigh’s CLEAR Hero because it gives me the chance to let others discover for free how awesome it can be to surf the net on the go at 4G speeds. Now is probably a good time to let you know that although I am not being paid to say this I am being given the CLEAR SPOT to use without charge for the next 6 months as part of the CLEAR HERO program.

Two banks that have begun to demonstrate the tell-tale stress signs of banks that banks who eventually are closed by the Fed typically demonstrate; Four Oaks Bank & Gateway Bank (Hampton Road Bank). Both Banks are sustaining significant losses in …

Two Raleigh Area Banks on the ropes Read more »

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 »