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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.
RECENT BLOG POSTS
Department of Veteran Affairs offers the Compromise Sale Program to help VA borrowers get out from an underwater mortgage that is giving them a financial strain or hardship.Too often VA buyers have purchased a home that depreciated in value so that their home is now underwater, they have experie...
09/19/2015
For most real estate professionals, TRID is the least understood big regulation in history probably and it starts October 3, 2015!Can a lender, settlement agent, or mortgage broker provide a real estate agent a copy of a buyer’s Closing Disclosure?  Believe it or not, the answer is NO!TILA/RESPA...
09/19/2015
The Commerce Department reported Thursday that August Housing Starts fell 3 percent from July to an annual rate of 1.126 million units. This was below the 1.158 million expected. Housing Starts kept pace above one million for the fifth straight month, however, signaling significant recovery after...
09/17/2015
FHA is changing a lot of their guidelines so we will provide the game plan to navigate minor tweaks to big changes.Below are answers to the some of the most common questions received about these FHA changes.Is a borrower eligible if they have a delinquent federal debt but have a clear CAIVRS?If a...
09/16/2015
This past week local real estate agents attended a 4 hour continuing education class to help bring awareness of the NC Housing Finance Agency’s mortgage products which help homebuyers purchase with low to no out of pocket and an income tax credit up to $2000 per year. Team Move with OVM Financial...
09/15/2015
Lumberton, NC.  This past week local real estate agents attended a 4 hour continuing education class to help bring awareness of the NC Housing Finance Agency’s mortgage products which help homebuyers purchase with low to no out of pocket and receive an income tax credit up to $2000 per year.Team ...
09/15/2015
This weekend's update includes a Market wrapup (Fed meets this week), $15,000 down payment assistance for first time buyers, FHA updates tomorrow, successful CE classes last week, when does a refinance make sense (not always the 2% rule), Quick reference links The Fed meets this coming week to de...
09/13/2015
Are home builders required to have a VA builder ID number to sell to Veterans?  How do I get the forms and request the VA ID number?  These are two popular questions we receive from builders.When a borrower uses a VA home loan and the property is appraised as either “proposed or under constructi...
09/05/2015
If you are a first time buyer purchasing a home in Cabarrus, Cumberland, Guilford, Johnston, or Mecklenburg Counties NC, you may be eligible for $15,000 in down payment assistance with 0% interest, no required payments, and it is forgiven after just 5 years!Most of the time when you hear somethin...
09/05/2015
Over the last 6 weeks, we have been providing a roadmap to get you through the roadblocks to homeownership and today we are going to finish up with the last steps to be ready for closing which you can even start working on today.  Everything up to this point has been what to do very early in the ...
09/04/2015
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The goal of my blog is to give you real world mortgage solutions to actual mortgage scenarios I see everyday.