Check out my mortgage & real estate articles here

Follow me
By
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
The Bureau of Labor Statistics reported on Friday that U.S. employers added 173,000 new workers in August. This was below the 217,000 expected and below the 245,000 revision recorded in July. It was the lowest number of new workers since March and the second lowest in the past 19 months.Within th...
09/04/2015
UNCW continues to rack up the awards lately and is growing in popularity.The University of North Carolina at Wilmington was once again named one of the best Southeastern schools by the Princeton Review among other awards such as 2015-2016 College of Distinction by Colleges of Distinction, one of ...
08/30/2015
In this series, we are providing tips to avoid the Most Common Roadblocks to Home Ownership.  So far in previous weeks, we have discussed how to solve 1) limited or bad credit, 2) no down payment, 3) not having a budget, 4) documenting rent history, 5) not understanding a Buyer’s Agent role.  Tod...
08/29/2015
The Bureau of Economic Analysis reported that the second reading for Q2 Gross Domestic Product (GDP) rose by 3.7%, well above the initial reading of 2.3% and above the 3.1% expected. The gains were led by an increase in business investments and an uptick in consumer spending. The 3.7% comes after...
08/27/2015
After a decline in June from May, New Home Sales in July rebounded, up 5.4% from June to an annual rate of 507,000 units, just below the 511,000 expected. Sales were up nearly 29% from July 2014, while the median price of a new home rose 2% from a year ago to $285,900. On the supply side, the inv...
08/25/2015
TRID:  Get familiar with the new forms taking the place of current ones (No more HUD, GFE, TIL, & others) and the totally new process.  Make sure that you know the details so you aren’t caught off guard with closings!Watch the previously recorded easy to follow TRID presentation now Watch and lis...
08/22/2015
In this series, we are providing tips to avoid the Most Common Roadblocks to Home Ownership.  So far we have discussed how to solve limited or bad credit, no down payment, and not having a budget.  Today, we are discussing Roadblock # 4:  Not being able to document rent or housing history to show...
08/22/2015
In this series, we are providing tips to avoid the Most Common Roadblocks to Home Ownership.  So far we have discussed 1) how to solve limited or bad credit, 2) no down payment, 3) not having a budget, and 4) documenting rent history.  Today, we are discussing Roadblock # 5:  Why and How You Shou...
08/22/2015
The National Association of REALTORS® (NAR) reported that Existing Home Sales in July were up 2% from June to an annual rate of 5.59 million units, the highest pace since February 2007. The 5.59 million was above the 5.42 million expected. Since July 2014, sales are up 10%. A spokesperson from th...
08/20/2015
Some of these circumstances you may think are obvious and others just don’t seem right, But they can kill your mortgage loan potentially at the very last hour.  When buying a home, the best advice we can tell you is to be very boring and “Steady Eddie” before and during the mortgage process.  In ...
08/16/2015
Rainmaker
84,885

Russell Smith

Loan Officer Communication & Execution You Deserve
local_phone(910) 352-6344
smartphone(910) 352-6344
Contact The Author
The goal of my blog is to give you real world mortgage solutions to actual mortgage scenarios I see everyday.