wake: Quick Tip To Share - Ant Repellent AND IT'S GREEN!
- 07/15/09 03:56 AM
We've really had those little tiny Ants in our house this summer! This really works! Thanks Leesa! I keep running across these tips for everyday household remedies so I thought I would share them! My first was by necessity - Quick Tip To Share - Garbage Disposal Cleaner AND IT'S GREEN! and then Nevin Williams with First Priority Financial shared one that I thought was pretty cool - Quick Tip! His was all about getting dried on foods in microwaves "un stuck". Nevin - if you read this you should make that a Public post! So this one that I came across is … (1 comments)
wake: USDA Mortgages and Risk Based Pricing
- 07/08/09 08:37 AM
Risk Based Pricing is a term now used by mortgage lenders to refer to how mortgage loans are Priced. A mortgage with a higher risk to the bank has a higher price, or interest rate. A loan with a lower risk of default for the back, has a better price / rate. There are several factors that currently make up the "risk" matrix. Here are a few of the items that might affect the rate: Borrower Credit Score and Capacity to make payments (Debt to Income Ratio/ DTI) Property Condition and Location Documentation Type (did you provide income documentation and asset … (2 comments)
wake: It's EASIER To Qualify For a USDA Mortgage Today! 5/1/09
- 05/01/09 02:32 AM
USDA Home Loans have "special" qualifying guidelines that prohibit folks from purchasing if you make "too much" money! In the past, that means that if you make more than the median income for your area - you might not qualify... but some recent "tweaks" to the system will allow more folks to qualify!! Effective Immediately, USDA is looking at income "brackets." This means that if there are 1-4 people in the household, the maximum household income for Wake County, Johnston County is $88,400! To find out more about income rquirements for YOUR area, click here. It's important to remember that USDA … (9 comments)
I read this about house prices, and didn't get it... until I watched the video and looked up ROFLOL (Rolling on the Floor Laughing Out Loud). House prices, in some areas, still have quite a ways to DROP.
Have you looked at the New Housing Bills that will be debated later this week? Here's a pretty good consolidation of the Bills... We should be watching these.
And that's what I'm reading today, besides the weather forecast!... It's suppose to S-N-O-W here tomorrow! HotDawg! -E. … (8 comments)
wake: What Obama Needs To Do To Fix The Economy - OPINIONS
- 01/13/09 01:55 AM
Obama recently said he wanted to hear the ideas "out there" for a better stimulus package. Paul Krugman, who recently won a Noble Prize for his Economic Genius, has some ideas... and he recently shared those with Rolling Stones! In his post, Krugman notes... "One more thing: even with the Obama plan, the Romer-Bernstein report predicts an average unemployment rate of 7.3 percent over the next three years. That's a scary number, big enough to pose a real risk that the U.S. economy will get stuck in a Japan-type deflationary trap." This doesn't sound good... According to Krugman.. "There's nothing to … (11 comments)
wake: USDA Home Loans in Holly Springs, NC
- 11/11/08 08:29 AM
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)
wake: FHA Loan Limits Change in the Triangle 1/1/09
- 11/10/08 04:44 AM
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)
wake: The $7500 Downpayment Gift
- 11/07/08 04:16 AM
Maybe you heard that Uncle Sam, who has been giving money out to just about EVERYBODY lately, has a check waiting for you... if you buy a house before next summer! What is it? How does it work? This is a tax credit and not tax deduction. It is a true dollar for dollar reduction on taxes owed. The credit can result in a true tax refund! If, for example, you were to get back zero on your 2008 taxes and you qualify for the full $7,500 credit, you would then receive a tax refund for $7,500. The tax credit is … (9 comments)
wake: Financing Options For Purchasing Foreclosure Property
- 11/06/08 03:32 AM
THIS IS AN UPDATED POST... See $100 Downpayment Change!!! There are tons of people who know that we are at or near the bottom of the real estate market, and they are ready to purchase a home. Many of the folks we are talking to are looking at foreclosed property, because they believe they can get the best deals. There are some special points you should remember: Many Banks will not finance manufactured housing. We have Investors that do - however, there are restrictions. If you are considering a mobile home, foreclosure, please tell your mortgage lender about the … (9 comments)
wake: How Underwriters Currently Treat Income for VA Loans
- 10/30/08 12:34 AM
We are fortunate to live near several Military Bases, and we are working with several folks who are using their VA benefits to purchase homes. Mortgage loans backed by the Veterans Administration are 100% loans based on the homes value, and do not generally carry location restrictions like USDA loans do... We sell our loans to many different banks, and this give us great pricing and great flexability... and is also showing us that underwriters are looking at BAH and BAS pay (along with other income) differently across the board. Since this definitely affects how much home you can qualify to … (7 comments)
We've really had those little tiny Ants in our house this summer! This really works! Thanks Leesa!
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