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down payment: 4 Things To Do Before Buying Your First Home in NC - 09/21/10 09:57 AM
Buying a home, especially if it's your first one, is often quite scary. There are so many things you don't know and terms you've never heard before. People often fear what they don't understand... So it's not surprising that studies have shown that this fear literally prevents some people from taking the first steps to buying a home! 
As a First Time Home Buyer, you are probably "doing your homework," looking for information online, and asking questions of the people you trust.   If you are like most of us, your home will be the biggest purchase you ever make. And … (0 comments)

down payment: FHA Loan Limits Change in the Triangle 1/1/09 - 11/10/08 12:44 PM
EDIT!  These loan limits CHANGED AGAIN on 2/24/2009.  FHA limits as of THAT date in Wake County are now back to $295,000
According to the calculations done by HUD, and released in their recent Mortgagee Letter, the maximum FHA loan limits in Wake County will be $271,050 effective January 1, 2009.
If you are considering a purchase, you need to act soon, so that you can CLOSE BEFORE THE END OF THE YEAR.
Not only will the FHA loan limits be going DOWN from the current $295,000 - the amount of money needed for downpayment is going UP!
ALSO effective January 1st - the FHA … (11 comments)

 
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Steve Thorne NC Mortgage Experts

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