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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.
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...
Use this information to see if your family meets the USDA Loan requirements for maximum family income limits.  The table below shows the current 2017 USDA Home Loan Maximum Income Requirements in NC – and it is based upon the number of people who live in your household.In North Carolina we have p...
If you’ve bought a home before, or have ever been around someone while they were in the purchasing process, you are probably both aware and afraid of PMI Mortgage Insurance. MI often has the power to make people roll their eyes– but it’s simply a tool that reduces the risk of a mortgage loan. Onc...
I don’t normally write about “real life” situations, but we just had a VERY unusual Loan situation that invovled a Veteran, and I’d like to talk about it.  I learned something from the experience, and if you or a family member feel you might be eligible for Reservist VA Home Loan Benefits, you mi...

Eleanor Thorne

Equity Resources 919-649-5058
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