Under Contract & House Has Been Damaged; Now What?
There’s an old adage He Who Has the Gold Makes the Rules aka ‘ The Other Golden Rule’. Nothing could be further from the truth in this scenario so the best answer here is ‘It depends’.
Category: First Time Home Buyer
Southgate Subdivision – Market Update
A typical ~1,300 square foot home on Southgate
August 2018 (Garner, NC 27529) Southgate in Garner is a mature large lot subdivision in S. Garner in Johnston county made of up primarily of starter homes which were built in the late 1990’s. Although there are a few larger …
Conventional 3% Down Mortgages 27 FAQ’s
Frequently Asked Questions and Answers to the new Conventional 97% Mortgage. Is the Conventional 97 a government-backed mortgage program? Yes, the Conventional 97 mortgage program is backed by the government. It’s offered via Fannie Mae only. The program is not …
What is a My Community Mortgage?
According to research of the foreclosures during the past 7 years, chief among the cited reasons were lack of down payment, undisclosed debt by the buyers, reduced credit requirements, and unstable income. In response to greater accountability to Washington lenders …
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 »
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 …
Cary neighborhood opposes potential immigration office Read more »
Experts predict rents will rise rapidly in Raleigh
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 »
Raleigh Real Estate – it’s NOT a Buyer’s Market
if you are a first time home buyer shopping for a home in Raleigh say between $100,000 and $149,999 and in April found that your low ball offers weren’t being accepted, it’s because it ISN’T A BUYERS MARKET IN RALEIGH in that price range.
Down Payment Assistance Programs for Raleigh Area HomeBuyers
Up to $7,500* for down payment and/or closing cost assistance
Five Great Reasons to Buy a Home today
Why You Should Start Planning To Purchase A Home If you’ve ever thought about buying a home, but decided that it was too big a financial gamble, think again. It’s possible you haven’t considered the risk of not buying a …