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homes: Does a 4.5% Mortgage Mean You Can Buy A Bigger House? - 01/21/09 11:45 AM
There are TONS of statistics that point to THIS being the right time to purchase a home... but maybe you haven't looked at how LOWER mortgage rates relate to homes?  For instance, this is a beautiful "used" home in Garner, NC... The sales price is $259,900.  To keep things easy - let's assume you are putting 5% down on this property. At a 5.75% mortgage interest rate, the principal and interest payment would be @ $1441.  This same lovely house, with mortgage interest rates at 4.5% would have a principal and interest payment of $1251!
A difference - just because historically low rates … (12 comments)

homes: 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 use builders' affiliated mortgage and title insurance companies."
We've seen first hand how well the affiliated mortgage companies work!  We were told last month by a CTX onsite agent that it was AGAINST THE LAW for the buyer to use someone other than THEIR mortgage Company!
We have builders here … (9 comments)

homes: Change in Business Plans - Take out Fear of Financing (ASAP!) - 11/12/08 09:11 AM
This is one of those NO BRAINER wake up calls we all need.  I just finished Accountability Coaching - and they reminded me that I need 12 to 20 Exposures every day... not to my real estate partners, but to the PUBLIC.  Writing notes, sending personal emails - reminding folks what I do. 
Then I should have 3 presentations to Real Estate Partners A DAY... reminding them what I do, and helping them with their marketing!
Well, if you're a real estate partner that I meet in the next few weeks - this is going to be part of what we … (10 comments)

homes: USDA Home Loans in Holly Springs, NC - 11/11/08 04:29 PM
Here's a map from USDA showing where you can have a 100% loan, and where you can't use USDA financing.  The shaded area in the top right portion of the map does NOT qualify... the rest of it definately does!
This is great news for folks who are looking for homes with NO PMI, and rates that are very close to FHA!  The maximum income in Wake County for a single person is $60,250 and the maximum income for a family of four is $86,100.
These are fairly straightforward loans, they allow for gifts to cover closing costs, or the seller … (2 comments)

homes: Top Places to Work in Raleigh, NC and the Triangle - 11/07/08 07:36 AM
With the jobs numbers coming out today (highlighting the fact that many people have lost their jobs in the last quarter), I thought it was a good idea to remind folks that WE HAVE JOBS in the Triangle!  I think it's one of the reasons we are considered one of the countries top "Recession Proof" areas in the Country!

Via Stanton Homes - Penny Hull: Raleigh Area Custom Home Builder:
Best Places to Work in Raleigh, NC and the Triangle Top Family Friendly Companies with On Site or Near Site Child Care For the last 10 years, Parenting Magazine has put … (5 comments)

 
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Eleanor Thorne 919-649-5057 Cary Mortgage Loans

Cary, NC

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Steve Thorne NC Mortgage Experts

Address: 111 Corning Road, Suite 230, Cary, NC, 27518

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