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Mortgage and Lending - Movement Mortgage - NMLS# 0077046
RECENT BLOG POSTS
Another great news story for the Raleigh area!  I have been saying that the news is acting like Chicken Little around here creating a fear that is not needed.  For the 3rd straight year Raleigh was rank the Best Place for Business and Careers and Durham ranked 3rd!  http://www.facebook.com/ext/sh...
03/27/2009
Below is the email I got from congressman David Price on the new legislation that has been passed recently.  Instead of explaining it I thought I would just let you read it yourself and get the details... Thank you for contacting me regarding efforts to stabilize the nation's housing markets and ...
03/24/2009
USDA Rural Home Loans has a MASSIVE advantage in today's Real Estate market.  We've all heard these terms... NO MONEY DOWN! ZERO DOWN! 100% Home Loan Financing! These options for financing a home are no longer available with conventional financing NOR through FHA home loan financing.  The best op...
03/24/2009
 A popular advertising hook used by mortgage lenders is the concept of a "no points" loan. Another variation of this type of loan is a "no cost" loan. Many people who begin the refinance transaction will say "I don't want to pay any points" as an immediate reaction when talking to a mortgage orig...
03/24/2009
  FEATURE CREDIT AS CREATED JULY 2008 APPLIES TO ALL QUALIFIED PURCHASES ON OR AFTER APRIL 9, 2008 REVISED CREDIT - EFFECTIVE FOR PURCHASES ON OR AFTER JANUARY 1, 2009 AND BEFORE DECEMBER 1, 2009 Amount of Credit Lesser of 10 percent of cost of home or $7500 Maximum credit amount increased to $80...
03/24/2009
$8,000 Home Buyer Tax Credit at a Glance The tax credit is for first-time home buyers only. The tax credit does not have to be repaid. The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000. The credit is available for homes purchased on or after January 1, 2...
03/04/2009
So this is less of a blog and more of a question to all of the Realtors out there today.  What are you looking for in a mortgage person? After spending a week attempting to meet an unrealistic closing date by an agent.  I was told by the REALTOR that she just wanted a mortgage person who can make...
01/31/2009
In order to answer this question, it is helpful to understand the four major interest rates that are affected by the Fed: Discount Rate (currently .50%) - the interest rate that banks pay when they borrow money directly from the Fed. The rate has been largely symbolic in the past because banks pr...
01/27/2009
One of the most exciting new provisions of the Housing and Economic Recovery Act of 2008 is the First-Time Homebuyer Tax Credit. The credit is designed to encourage first-time homebuyers to go ahead and make the leap to purchase their first homes. Combine this tax credit with the fact that home p...
01/27/2009
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MelissaSchwartz

MRS Mortgage
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