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Mortgage and Lending - Equity Resources
Covering housing and economic trends of all points surrounding the RTP / RDU (Research Triangle Park), including the major markets of Cary, Holly Springs, Raleigh, Wake Forest, Chapel Hill, Durham and Johnston County.
If you are a young entrepreneur, you might love the idea of owning a four unit, quadraplex and living in one side.  If you are going to live in one unit, FHA allows you to rent the other 3 units, and make a minimum down payment.  The loan amounts vary per county in NC, but it is possible to buy a...
I don’t know who pays attention to stocks but there is usually an inverse relationship between stocks and mortgage bonds.  When stock are blowing away milestones like they are today, mortgage bonds take a hit.  This occurs as investors seek yield, it is a constant flight to higher returns.  Mortg...
Many of our clients are hyper focused on their credit report and their credit scores because they want to buy a home in NC, and they need to get their scores to the point where that dream of owning a home becomes a REALITY! A credit report is just a complete accounting of your credit history, and...
The proposed Federal Tax Reform Program, if left as it is drafted in H.R.1, will eliminate a program that helps more than half of our customers qualify to buy the home of their dreams.  We focus our business on First Time Home Buyers, and the proposed Tax Reforms from Congress that go into effect...
Equity Resources, Inc. is offering Veterans and Active Military a FREE APPRAISAL on a home purchase or refinance for the month of November 2017! The Free Appraisal is valid for Veterans or active military members who apply 11/1/17 – 12/1/17 and close before 1/5/18 with Equity Resources, Inc.  Our...
There are some new guidelines coming in January for First Time Home Buyers with Student Loan Debt.  In January of 2018 Freddie Mac will begin requiring us to count either your Student Loan payment, OR .5% of the balance, which ever is higher  This is a change from the current guideline that allow...
There are several different ways to finance a new custom home, most commonly, you would pick out a lot, and find a Builder who will build the home to your specifications.  This “Custom Home” loan, or construction loan, would be in your name – and the builder would receive “draws” or lump sum amou...
We get MANY questions on this site, many of them start like this – “We want to buy a house, but honestly don’t know where to start.”  We focus much of our time, and our business, on First Time Home Buyers.  We believe that when you are buying a home for the first time, you really need someone who...
If you want to find a Builder to build your home on a lot, how do you do that?  One way is to have the Builder take out a mortgage, and in that situation, you normally have to make a pretty sizable deposit with the builder, often times it’s at least 20%.  IF you own the lot, you might have to sig...
Most loan officers are not familiar with the USDA Home Loan Program – which is a shame, because it’s one of the best No Money Down Home Loans available in NC!We get “Rural” really fast in NC… one minute you’re in a neighborhood – the next you can wake up to the sound of Roosters!If you’re interes...

Eleanor Thorne

Equity Resources 919-649-5058
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