Shay Campbell's Blog

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Mortgage and Lending - Universal American Mortgage Company - NMLS 46083
RECENT BLOG POSTS
According to an article this week in Forbes, Raleigh NC is ranked #2 as the next Boom Town in the United States.  This is a ranking of the largest metro areas (over 1 million). Approximately one third of the ranking score is based on job growth, focusing on growth after the start of the Great Rec...
07/15/2011
There is good news for North Carolina.  According to The News & Observer, Raleigh NC local newspaper, foreclosure filings in North Carolina are down 16% comparing the first half of this year to the first half of last year.  The total number of files in NC for the first six months of 2011 was 29,3...
07/10/2011
Are you pre-qualifying your loan officer?  If not, you should.  You pre-qualify your clients before you put them in your car to show them houses.  You should also pre-qualify your loan officer before you refer clients to them. Most experienced REALTORS know the value of pre-qualifying their clien...
06/30/2011
There are three things all first time home buyers should know about: INCOME, DEBT and CASH.  I know it sounds strange but it's not.   This is what your loan officer, hopefully one who has a license, will look at to pre-qualify a FTHB and what an underwriter will look at to approve a FTHB. INCOME ...
06/11/2011
Where can first time homebuyer get down payment help in North Carolina?  I'm asked this question by REALTORS® a lot; first time home buyers almost always ask this question.  Unless the FTHB is doing a zero down payment loan, such as VA or USDA, they will need a down payment. In the current econo...
06/04/2011
The National Registry of Licensed Mortgage Originators LLC has issued a new designation for mortgage originators.  The new designation is LO5℠.  The mission of the National Registry of Licensed Mortgage Originators LLC, NRLMO, is to provide an easily recognized designation that consumers, REALTOR...
05/23/2011
Realtors don't want bagels. They want closed loans. I heard this statement at a recent sales meeting and it struck me how true it is. My industry, the mortgage industry, and the Real Estate industry can't survive without each other. The vast majority of home buyers need a mortgage. Loans today ar...
05/08/2011
The North Carolina Housing Financing has $8,000 for first time home-buyers in North Carolina. A big challenge for first time homebuyers is coming up with the required down payment. NCHFA has a program to help credit worthy borrowers with the down payment. NCHFA name for this program describes it...
04/26/2011
The monthly cost of FHA mortgages increases today.  The reason is FHA is increasing its annual premium for mortgage insurance. FHA breaks their mortgage insurance down into two payments.  There is an upfront mortgage insurance premium of 1.00%.  FHA allows this UFMIP to be added to the loan amoun...
04/18/2011
The State of North Carolina has great programs for first time homebuyers.  These programs are offer through North Carolina Housing Finance Agency or NCHFA.   One of the programs NCHFA offers is the FirstHome Mortgage Program.  NCHFA says it best, "The FirstHome Mortgage Program offers first-time ...
12/17/2010
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ShayCampbell

Raleigh, NC
local_phone(919) 272-1483
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