All articles about Real estate

Winston Pointe, Clayton NC (27520) Market Snapshot August 2018

Winston Pointe in Clayton is another interesting neighborhood in Johnston County. Like Creekside in Garner, new construction is the primary … More Winston Pointe, Clayton NC (27520) Market Snapshot August 2018

The cost of buying a home is rising three times faster than the cost to rent

This was today’s top story in my real estate news feed from Marketwatch.com

‘The monthly cost of buying a home — which includes mortgage payments, taxes and insurance — jumped 14% between July 2017 and July 2018, according to a report released Thursday by Realtor.com. Comparatively, it only became 4% more expensive to rent a home over that same period.’

Continue reading The cost of buying a home is rising three times faster than the cost to rent

What’s involved in the Home Appraisal Process?

Early in your loan application process, your lender will arrange for a home appraisal. Borrowers are sometimes confused about this process. They have a pretty good idea about what the home they want to buy is worth but the appraised value can sometimes be very different from that number. Continue reading What’s involved in the Home Appraisal Process?

Buying a home in Raleigh is getting tough!

Buying a home in Raleigh is getting tough!

Regardless if you’re a first time homebuyer looking for a cozy (realtor speak for small) 3 bedroom ranch styled home or a veteran move up buyer purchasing your dream home one thing that is consistent across  that supply of housing in Raleigh-Cary and all over Wake County  is that it’s tight!  Continue reading Buying a home in Raleigh is getting tough!

FAQ – How Long after a Short Sale or Pre-Foreclosure before I can Qualify for a Conventional Mortgage Loan?

Deed-in-Lieu of Foreclosure and Preforeclosure Sale

faq

Even though your mortgage payment may have never been late, these transaction types are completed as alternatives to foreclosure therefore, as you might imagine,  they are treated seriously. So serious that they often are viewed by underwriters just as serious as an actual foreclosure or bankruptcy. Continue reading FAQ – How Long after a Short Sale or Pre-Foreclosure before I can Qualify for a Conventional Mortgage Loan?

Housing Affordability Declines in Raleigh as Mortgage Rates Rise and Inventory Dwindles

Forbes recently cited a 38% surge in new home sales since last year, hitting a five-year high in June, according to the newest figures from the Commerce Department. For those of you with short-term memory, that would be the last good year of real estate sales before the bust. Yet, despite a monthly drop in activity, sales of previously owned homes remain 15% higher than last year as well, according to the National Association of Realtor’s. Continue reading Housing Affordability Declines in Raleigh as Mortgage Rates Rise and Inventory Dwindles

FHA 203(b) Loans for North Carolina borrowers with 620 Fico Scores

Contents

Image

Until recently, getting a loan to purchase a home in Raleigh North Carolina for borrowers with credit scores greater than 620 but less than 640 was nearly impossible. However, because of the improving real estate markets, lenders are beginning to once again to loosen their credit guidelines. Continue reading FHA 203(b) Loans for North Carolina borrowers with 620 Fico Scores

Fannie Mae Introduces new Short Sale Tool

Buying a home is one of the most exciting and scary times in a person’s life but it is also very complicated. There are a number of parties to this transaction and they read like a movie credit in order of appearance:

  Continue reading Fannie Mae Introduces new Short Sale Tool