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va mortgage loan: Already Used VA Eligibility to Purchase A Home? - 04/08/11 07:32 AM
People moving to Ft. Bragg, in Fayetteville NC might be moving here with little or no equity.  Did you know that even if you've used your VA eligibility before, you can use it more than once... under certain circumstances.
You need to either:
pay off your prior VA loan and disposed of the property, you can have your used eligibility restored for additional use. Also, on a one-time only basis, you may have your eligibility restored if your prior VA loan has been paid in full but you still own the property. In either case, to obtain restoration of eligibility, the … (6 comments)

va mortgage loan: Basic Mortgage Loan Underwriting Concerns in 2010 - 10/25/10 11:29 AM

It's true that Underwriting Guidelines for Mortgage Loans are tougher right now than they have been in decades. But people are STILL able to purchase homes and get a mortgage loan! 8o)   The most important thing for folks to remember is that they need to talk to a mortgage loan officer EARLY in the process... and speak with one that is familiar with YOUR STATE.
North Carolina was the first state to adopt Predatory Lending Guidelines.  This means that we have our own, NC State "Applied" Mortgage Loan Guidelines. Because of that, you need to speak with a loan officer … (2 comments)

va mortgage loan: 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)

va mortgage loan: What Costs Do Sellers Pay on VA Loans??? - 10/14/08 08:06 AM
VA mortgage loans are one of the greatest benefit a soldier has. They offer 100% financing, with no mortgage insurance and fairly easy qualifying guidelines. For more information on qualifying for a VA home loan, please click here.  Like most everything else the Government does, there are some "quirks" to the program.  We are helping a Rookie Agent with a closing... and we are answering MULTIPLE questions about what costs the Seller MUST pay on a VA loan. Here's a fairly comprehensive list of who can pay for which items as shown on the HUD1 Settlement Statement...
APPRAISAL AND COMPLIANCE INSPECTIONSThe veteran … (7 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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