Eleanor's RTP Blog

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Mortgage and Lending - Equity Resources - NMLS 67179 Licensed in NC
Covering housing and economic trends of all points surrounding the RTP / RDU (Research Triangle Park), including the major markets of Cary, Holly Springs, Raleigh, Wake Forest, Chapel Hill, Durham and Johnston County.
RECENT BLOG POSTS
We often talk to first time home buyers who want to know the minimum credit score requirements for a mortgage in North Carolina.  The answer, while not complicated, is not one where I can just spit out ONE number as a benchmark for all mortgage programs.  I can pretty easily say, however, that fr...
12/17/2013
FHA loan limits in 2013 are now $295,000 in Wake County to . They are scheduled to change in 2014, and the maximum loan limit for FHA Mortgage Raleigh NC will go down to $280,600 staring 1/1/2014.  The FHA Mortgage loan is not limited to First Time Home Buyers, and will allow for lower credit sc...
12/16/2013
One of the best benefits available to Veterans is the ability to purchase a home with no monthly PMI and no down payment.  You can use your VA Home Loan benefits more than once!  If you used your VA Home Loan Benefits 20 years ago to buy your first home, and then you sold the house, you VA Home L...
12/16/2013
You may have heard that we are entering into a Seller’s Market – meaning that Buyers no longer have the advantage in many neighborhoods they want to buy a home in. If you believe the TV commentators, gone are the days of offering 15% below asking price for a home in Raleigh, and actually getting ...
06/28/2013
If you are ready to move out on your own, and Kiss Your Landlord Good-bye…  CONGRATULATIONS!  In February of 2012 – the newest part of the Government’s program to help people buy a house went into place!  As mortgage interest rates continue to climb in the summer of 2013, these Government program...
06/14/2013
If you are active military, I will bet you a nickle there are very few loan officers who know how to read your LES (leave and earnings statement / also referred to in the Civilian world as pay stubs). VA borrowers have unique Military Pay that shows as BAS, CMA, BAH Jump, Flight, Combat or Career...
06/14/2013
Many First Time Homebuyers in North Carolina get confused about Home Owners Insurance, and how it’s paid.   Homeowner’s Insurance is required to cover the property against fire and other “disasters.”  When you are getting quotes and getting pre-qualified,  we give you an estimate that has an escr...
06/14/2013
We hear ”I Don’t Want My Credit Pulled Because It Will Lower My Credit Scores!” on a fairly regular basis.  As loan officers, we can’t really get a good picture of what you qualify for without the credit report – and often time someone has called us right after they got off the phone with a diffe...
06/14/2013
In a nutshell, the main reason people move to Raleigh are; the wonderful economy and employment opportunities, great place to start a business and raise a family, the beautiful landscape, world-class education options and overall quality of life.  What was once a mild capitol city mostly made up...
06/14/2013
The American Dream Down payment Initiative was a program initially offered through the Bush Administration to help with the Housing collapse.  The program offered First time home buyers up to $8,000 for use toward the down payment and closing costs. This program actually came as a loan that had n...
06/14/2013
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