Private Mortgage Insurance helps lead the way in the Housing Recovery

Private Mortgage Insurers leading the way in housing recovery   One of the earliest indicators of the housing meltdown which began in 2007 was that issuers of Private Mortgage Insurance (PMI) began to contract their underwriting guidelines for issuing PMI policies.  In fact, so bad was the meltdown that many PMI companies either stopped issuing…

Cary neighborhood opposes potential immigration office

“The federal government is considering moving its local Immigration and Customs Enforcement office from a Cary office park to a former Kroger supermarket on N.C. Highway 55 and High House Road.” reported Sloane Heffernan from WRAL News. Read the story here. The debate rages onward.  If you read the local online forums, neighbors and Cary…

My Bank Failed; should I pay my mortgage?

The terms of your loan will not change, because they are contractually agreed to in your promissory note. Checks should be made payable as usual and sent to the same address until further notice. If you have further questions regarding an existing loan you shuold contact your loan officer. Ricardo Cobos is a mortgage loan officer in Raleigh North Carolina specializing in low down payment and low interest mortgage loans. (919) 559-3384