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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.
Now that the Economy has improved, more kids are graduating from college and getting jobs… many of our friends are ready to help their kids buy a house in NC!  “Get My Kid Out Of My House!” is more than just a fervent wish – parents are ready to HELP their children buy their first home, and there...
There’s a new $8000 First Time Home Buyer Program in NC that will become available on March 1, 2018.  It is a unique program that will be available in every NC county.  There are pros and cons to all of the First Time Home Buyer programs offered, and we will try and highlight those. First Time Ho...
NCHFA offers a great program that allows us to give you a credit for having a mortgage, and the credit generally allows us to qualify you for a little bigger home. The Income Limits for the County you are interested in buying a home in may have changed a little bit, some NC County MCC Limits went...
An Authorized User account normally refers to Credit Cards.  When a creditor allows an “Authorized User”, they give permission to the person originally approved for credit on the account to allow a spouse or other designated person to make charges to the account. Generally, the authorized user is...
We’re getting some questions regarding the government shutdown and the effect on our mortgage operations. Will A Government Shut Down Effect Mortgage Lending?Yes, it will slow us down, especially with Transcripts and Flood Insurance.  Hopefully we are looking at just today so there won’t be a hug...
Many people who are just plain tired of renting a home near ECU are looking for a way to take advantage of the historic low mortgage and they are trying to get the lowest price on a home.  If you don’t have a job yet, that might seem impossible – but the FHA Loan program offers the option of havi...
We are closing a loan this week for a hard-working young man who wanted to buy a home for his family. He did a ton of Research, and had many great questions.  But, he started with, “Can a DACA Buy A House in NC?”  Which kind of blew us away, because I’d always assumed everyone understood how this...
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...

Eleanor Thorne

Equity Resources 919-649-5058
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