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
The Downtown Raleigh Condo Market is as diverse as the city has recently become. There are a couple of distinctions, you have the luxury, often highrise condos in exclusive buildings with amenities such as security,pool, gym, indoor parking etc. The other side of the condo market in Raleigh would...
02/05/2013
FHA Mortgage Loans are generally only available to folks who are going to live in the property – the EXCEPTION is if you already own the home, and you want to refinance it.  If you purchased a home with a FHA mortgage, then moved out, and are renting it (so now it’s Investment property) you might...
01/16/2013
With all of the “deals” we are hearing about these days, I guess it’s not surprising that people are finding homes with large tracts of land associated with them.  In general, the ratio of “land value” versus “home value” needs to be less than 30%.  This goes for FHA loans, VA loans – Convention...
11/27/2012
Disabled veterans  have some special benefits when it comes to getting a VA loan… and, you have a special place in our hearts.   We so appreciate your service, and we want to help you maximize your disability benefits so that it’s easier to close on your new home in North Carolina! While it is tr...
10/18/2012
We just received this update – The Senate passed the USDA Bill, the House needs to include Grandfather language in order for the Maps to remain in place through next May. Most loan officers are not familiar with the USDA Loan Program – which is a shame, because it’s one of the best No Money Down ...
08/28/2012
Most people who think about No Money Down Home Loans - think of USDA Home Loans.  It's a great program, and because of the demand... it's getting back logged in NC.  Great News!  There are OTHER options if you are looking for a mortgage that doesn't require ten's of thousands of dollars in down p...
07/19/2012
We have a ton of inquires from folks who start the conversation with... "I want to buy a home in NC, but..."  often times we find that what's holding them back is CASH in their back pocket.  With the rough times of the past few years, it's not surprising that fewer parents have the extra cash to ...
06/21/2012
USDA is quickly becoming one of the Country’s most popular mortgage loan programs, and with that, the USDA Rural Development Offices are getting backlogged!  In the past 2 months, NC went to a “Centralized” Underwriting Process for these loans… and we are sometimes seeing 2 week turn times with U...
06/06/2012
We talked to a Veteran today who wants to buy a house, First Time Home Buyer, who was referred to a “Credit Repair Company” a couple of years ago (a well known, National Law firm)… they, of course, disputed EVERYTHING on his credit report.  They also suggested that he obtain a Secured Credit Card...
05/21/2012
Several of the agents we work with currently have listings for horse farms in North Carolina.  Financing these properties can offer unique challenges. Our daughter rides, and so we understand the unique challenges of finding the right “home” (barn). When you’re financing a farm, the first thing w...
05/08/2012
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