Real estate blog entries tagged with first time homebuyer cary by Eleanor Thorne 919-649-5057 Cary Mortgage Loans (First Financial Services, Inc)

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first time homebuyer cary: $7500 To Pay Mom Back - 08/25/08 04:13 PM

Many first time homebuyers are looking at past generations for help coming up with a downpayment. FHA now requires a 3.5% downpayment (effective October 1, 2008) and the downpayment assistance programs (as of today) will disappear. Fortunately, FHA allows for gift money! The gift needs to come with a letter from the person … (10 comments)

first time homebuyer cary: Has "Green" Gone Bad?? - 04/14/08 09:15 AM

The health of the world ECOLOGY and ECONOMY are unexpetedly diverging as we learn more about the global need to thoughtfully plan the use of our resources. The unintended consequence of a global push for "Green" is a shift in farmland use. With the rise in the demand for ethinol, farms … (9 comments)

first time homebuyer cary: How to Write a Contract With A DAP - 03/30/08 04:38 PM

First off - A DAP is the "mortgage babble term" for DownPayment Assistance Programs. "Home sellers can help buyers pay closing costs by giving a portion of their proceeds back to the buyer at closing. The amount of seller assistance that's allowed depends on the type of loan the buyer is … (16 comments)

first time homebuyer cary: Earth Hour March 29th - 03/26/08 09:08 AM

I was reading the Cary News - and some of my neighbors are excited about Earth Hour this weekend!
I had not heard about this - but I think it's something my family will participate in too!
"On March 31 2007, for one hour, Sydney made a powerful statement about the greatest … (2 comments)

first time homebuyer cary: Jon Stewart on Recession - 03/25/08 08:36 AM

Okay - so you've probably already seen this (especially if you are a big Jon Stewart Fan Like WE ARE) ... I wrote to Matt Heaton today and asked him to help us out with some insight. Figured he has one of the "bigger" brains when it comes to this stuff, … (9 comments)

first time homebuyer cary: Countrywide Exec Finds New Job - 03/24/08 07:28 AM

This just in... " A number of former Countrywide Financial Corp. executives are forming a firm to take advantage of the massive unwinding of the mortgage-securitization business, The Wall Street Journal reported." How interesting! They've figured out how to create an "exit strategy that makes them smell like roses!
"Former CFC President … (14 comments)

first time homebuyer cary: Homebuyers: Don’t Ignore Your Emotions - 03/20/08 05:52 PM

Today, more that ever, real estate experts advise consumers to detach their emotions from one of e biggest financial moves of their life, reminding us that there’s a difference between a “home” and a “house.” I read about one California architecture professor who urges buyers to make sure those emotions get … (6 comments)

first time homebuyer 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)

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