cary: Map Showing Homes Eligable for USDA Financing in Apex and Holly Springs NC - 09/08/09 09:05 AM
View Larger Map
I tried to find some really cool way to actually draw a line on this Google Map - but allas, I'm not that technically advanced.
The "A" on the Map above represents where you should draw a line for properties that qualify for USDA No Money Down, mortgage … (4 comments)
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cary: 109 Bridgegate Drive For Sale in Cary, NC - 09/02/09 10:54 AM
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cary: Why Won't Rates Get BELOW 5% and STAY there? - 08/04/09 11:07 AM
So many people are waiting for mortgage interest rates to get below 5% - and then they will Refinance -
Or THEN they will purchase...
Well, with rates in the LOW 5's... NOW might be the time to act!
The thing that keeps rates ABOVE the 5% rate is simple... there are indications … (2 comments)
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cary: FHA Downpayment Guidelines for NC - You might be Surprised! - 07/20/09 05:13 PM
Are you a First Time Homebuyer, dreaming of the day when you can sit among your boxes, in your new home?
HUNDREDS of first time homebuyers in Cary, Apex, Holly Springs are doing just that, and taking advantage of the now "famous" $8000 Tax Credit made available from President Obama and … (2 comments)
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cary: Raleigh / Cary Fastest Growing Place in the Country! - 03/20/09 10:37 AM
With all the "Hoop Madness" going on - you might think of BASKETBALL!! And we love our basketball here in NC!!
But recently we were named the FASTEST growing area in the COUNTRY! "Raleigh, and its Cary suburb (where I live) make up the fastest growing metropolitan area in the country, according to … (3 comments)
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cary: Contractors and FHA 203K Loans in NC - 03/02/09 01:14 PM
FHA offers a great mortgage program for folks who want to make improvements to their home (through a refinance) or those who are purchasing a home that needs some "TLC!" The program's official name is 203k.
If you are not familiar with the loan, you can find basic program details, like … (10 comments)
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cary: Free Financial Analysis in Cary, NC by Leading Expert! - 01/28/09 09:43 AM
I just received the note below from one of the BEST Financial Planners I know! It is very generous, and valuable, as the offer comes from one of the most sincere people in the business. I highly recommend Paul Pitman - and suggest that if you, or someone you know, is facing a … (7 comments)
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cary: What I'm Reading About today.... - 01/19/09 03:18 PM
Paul Krugman says be SKEPTICAL of the new ideas regarding Troubled Assets (mortgages)!!
I read this about house prices, and didn't get it...
until I watched the video and looked up ROFLOL (Rolling on the Floor Laughing Out Loud).
House prices, in some areas, still have quite a ways to … (8 comments)
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cary: What Obama Needs To Do To Fix The Economy - OPINIONS - 01/13/09 09:55 AM
Obama recently said he wanted to hear the ideas "out there" for a better stimulus package. Paul Krugman, who recently won a Noble Prize for his Economic Genius, has some ideas... and he recently shared those with Rolling Stones!
In his post, Krugman notes... "One more thing: even with the Obama … (11 comments)
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cary: NAHB Wants to Keep Their In House Lender? WOW! - 01/12/09 01:00 PM
National Association of HomeBuilders is suing to retain the ability to control mortgage lending! WOW! Who's surprised by that??
According to Inman News: "Federal housing regulators have agreed to delay for 90 days implementation of a rule change that would bar home builders from offering consumers incentives when they agree to … (9 comments)
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cary: If Your Score is Less than 620 - Interest Rates Are Going UP! - 01/09/09 01:44 PM
Just received an update from a MAJOR investor that credit scores less than 620 are going to be priced SIGNIFICANTLY higher beginning Monday, January 12, 2009.
This is significant for folks who are purchasing, and using USDA or FHA/VA financing tools. The "hits" for scores between 600 and 620 today are … (12 comments)
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cary: FREE Birthday Treats in RTP! - 01/05/09 10:07 AM
CAN YOU BELIEVE THIS? I had no idea places like this gave away free stuff! I think it's an great TWEET! (and treat!)
Via Stanton Homes - Penny Hull: Raleigh Area Custom Home Builder (Stanton Homes Inc - Raleigh Custom Homes):
Raleigh Relocation Package
Free Birthday Treats for Adults and … (5 comments)
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cary: NAR's "Baghdad Bob" Confesses - 12/29/08 09:22 PM
This is just too good to be missed!
Via Matt Heaton (Timu Corp - CEO, ActiveRain - Co-founder):
You remember "Baghdad Bob" from the Iraq War, right? Iraq's information minister who repeatedly claimed no American troops in Baghdad as US tanks patrolled only hundreds of yards from his studio. … (7 comments)
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cary: How Mortgage Rates Work Now - 12/22/08 01:21 PM
In the "old days" (before the government had to get involved in lending), rates, and yield spread worked just like a ruler. A rate of 5%, might be "even" - meaning the broker charged a 1% origination fee (which they share with their company), and that was what they earned. A … (7 comments)
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cary: NC Week in Review 12/7 to 12/14 - 12/17/08 12:15 PM
Welcome to the VERY FIRST North Carolina Week in Review!
I'd been thinking about this for a while... and I wanted a way to give encouragement to folks who are just starting out in NC on Activerain, and show them some of the great things we're doing!
With the NC Week In Review I'm going … (30 comments)
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cary: My Customer Was Interviewed by the WSJ! - 12/16/08 08:11 AM
There's an article regarding the USDA program in today's Wall Street Journal. It's a POSITIVE program, with low default rates, no money down, and no mortgage insurance! Rates (as I write this) are below 5.5%...
and the USDA Mortgage Program is so popular, it's about to run out of money...
I've … (10 comments)
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cary: Problems Refinancing from Conventional Loan to a Government Loan - 12/09/08 11:47 AM
For fun an giggles, let's say you bought a property in Feb. of 2008. You got a Heck of a Deal - and you purchased the home for $237,000. The appraisal in February was for $245,000 (and the appraiser thinks it's worth more now). The loan in February was a conventional 100% … (1 comments)
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cary: How to Get Your 4.5% Mortgage! - 12/03/08 04:08 PM
I can not tell you how many people have told me TODAY that they heard rates are going to 4.5%!!!
From your mouth to God's Ears!
As I write this, rates are close to 5.0%... but it's still quite a stretch to get to 4 ANYTHING... so should you just wait?
… (13 comments)
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cary: The Different Kinds of Mortgage Insurance - 12/01/08 04:03 PM
Most folks want to avoid PMI... but they don't realize that they are happily paying a "kind" of mortgage insurance no matter what kind of loan they are getting!
Mortgage Insurance is not the insurance that covers you if you die, or are disabled and can not pay the mortgage... it's … (4 comments)
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cary: Rates Started Moving South... Will it last? - 11/25/08 07:52 AM
Those of us in the mortgage business have been watching mortgage interest rates with one eye on our list of past customers, hoping rates will finally mirror the lowering bond market.
The Emergency Economic Stabilization Act (more commonly known as the Wall Street Bailout Plan) was passed under the presumption … (1 comments)
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