fha loans cary: Should You Take The $12,000 Financing Package Builder Pushes??? - 09/09/08 09:24 AM
It's easy to be mesmerized by the ads.
Your mortgage rate will be 3.5% the first year, 4.5% the second year and then FIXED at 5.5% for the rest of the time you own your home! You get a HUGE Tax advantage because you can write all of that upfront interest … (4 comments)
fha loans cary: Should You Refinance or Sell? BE REALISTIC! - 08/20/08 10:59 AM
Maybe it's the economy, or maybe it's just a cycle... but we've talked to a TON of people lately who are contemplating divorce.
If you're going through this, you have major decisions infront of you - and one of the most important could involve your "assets." One of my favorite Realtors … (5 comments)
fha loans cary: Mobile Home Financing - 06/30/08 08:54 AM
For folks in the Industry who have worked for years to get rid of the term "mobile home" - I apologize... but here in North Carolina... that's what we call 'em.
At one point in the last 10 years - 40% of all housing in NC was considered to be manufactured … (6 comments)
When you have a state that looks like this - you can be sure we see many Veterans purchasing homes!
The Veteran's Administration does not actually "make" mortgage loans - they guarantee those loans, similar to what FHA does. They charge a Funding … (2 comments)
fha loans cary: NAHB Looking For Grassroots Effort - 06/17/08 08:36 AM
The National Association of Homebuilders believes we need an Emergency Stimulus Bill... afterall, housing starts are at the lowest since 1991 (and as Tanta notes "completions followed starts off the cliff...).
The package, according to NAHB needs to include a "temporary tax credit for HomeBuyers," and, in thier Online Newsletter, they urge all … (3 comments)
fha loans cary: Compensating Factors and FHA - 06/10/08 07:25 PM
I was at a seminar today that reminded me of one of my favorite things about FHA...
the 5th C of Credit! We've all heard about the other 4 C's.
Cash: How much can you put into the property, how much have you saved?
Credit: Do you have a credit history? … (3 comments)
fha loans cary: Getting the Lowest Payment - 04/14/08 12:46 PM
When clients contact us they are usually looking for the lowest monthly payment - or the easiest way to get into the property with the least amount of money tied up in the transaction.
Most prospects only ask one question... "What's your rate???" In truth, there are MANY other questions … (4 comments)
fha loans cary: Buy a House - Get a Raise! - 03/07/08 01:14 PM
Have you filled out your taxes yet? Are you getting a refund? NO?!?! You might need to buy a house! Many times we talk to homebuyers (especially first time homebuyers) who tell us that they "want to keep their payments around where they are now." Meaning that if they are paying $1200 a … (3 comments)
fha loans cary: FHA Increases Loan Limit in the Triangle - 03/06/08 05:21 PM
FHA increased it's minimum loan amount for Wake County to $295000 according to the HUD webiste! But the BIG surprise for me was the DURHAM increase to $331,250! The other counties in this area break down per the HUD website like this: Wake $295000 Durham $331,250 Franklin $295000 Orange $331250 Harnett $271050 Johnston $295000 For more information check this … (3 comments)
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It's easy to be mesmerized by the ads.
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