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Mortgage and Lending - Blue Ridge Bank Mortgage - NMLS # 78989
The goal of my blog is to give you real world mortgage solutions to actual mortgage scenarios I see everyday.

ARCHIVED BLOG POSTS

2017 

The Commerce Department reported on Tuesday that New Home Sales in March hit their highest level in nearly a year, up 5.8 percent from February to an annual rate of 621,000 versus the 590,000 expected. Sales were up nearly 16 percent from a year ago. The median sales price rose 7.5 percent from F...
04/26/2017
Are you buying a home from a family member? Family transactions may have pluses for both the buyer and seller. A major benefit to buyers is a gift of equity. So what is a gift of equity? It is a little known rule which allows equity in a family member’s house to be used as the buyer’s down paymen...
04/23/2017
Private roads.  These 2 words can make Realtors cringe!  Because agents know these words may cause some issues during the loan process.  But there are solutions.  So while looking for the perfect home, let’s say you come across the perfect one on a private road.  “No big deal to me!” says the buy...
04/20/2017
It has started.  You hear the buzz everywhere talking about the future of interest rates, economy, and real estate market.  How many times will the Fed raise rates this year?  Should I lock in a mortgage rate now?  How is the job market doing?  Are housing prices going up?  No one has a crystal b...
04/17/2017
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Russell Smith

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The goal of my blog is to give you real world mortgage solutions to actual mortgage scenarios I see everyday.