Eleanor and Steve Thorne's Blog

Mortgage and Lending - Equity Resources, NMLS 60596 - NMLS 60596
Johnston County biased blog dedicated to providing information about FHA, VA mortgages, USDA home loan and conventional mortgage loan information for Smithfield, Clayton, Benson, Wilson Mills, Dunn, and other parts of Johnston County. Highly experienced mortgage loan officers with some of Today's Best priced mortgage loans!
Veterans who have eligibility for a VA Home Loan need to understand the “essence” of the credit requirements set out by the Veteran’s Department.  The VA Doesn’t make these loans, they simply guarantee that if the lender meets the underwriting guidelines in approving a VA Home Loan, then the Vete...
Equity Resources, Inc. is offering Veterans and Active Military a FREE APPRAISAL on a home purchase or refinance for the month of November 2017! The Free Appraisal is valid for Veterans or active military members who apply 11/1/17 – 12/1/17 and close before 1/5/18 with Equity Resources, Inc.  Our...
Many of our clients are hyper focused on their credit report and their credit scores because they want to buy a home in NC, and they need to get their scores to the point where that dream of owning a home becomes a REALITY!A credit report is just a complete accounting of your credit history, and ...
Our Construction Loan basic guidelines are significantly different than other places.  We offer fixed rate, 30 year loans, many of our competitors only offer 15 year or Adjustable Mortgages. We will allow you to put as little as 10% into the transaction, most of our Construction Loan competition ...
Many of the Veteran’s buying a house in North Carolina want to use their VA Home Loan benefits to buy a house that’s a little further out, has some land and in some cases is “older.”  The VA does not have a restriction on the actual age of a home they will ensure with a VA Loan.  So, buying an ol...
If you want to find a Builder to build your home on a lot, how do you do that?  One way is to have the Builder take out a mortgage, and in that situation, you normally have to make a pretty sizable deposit with the builder, often times it’s at least 20%.  IF you own the lot, you might have to sig...
There are several different ways to finance a new custom home, most commonly, you would pick out a lot, and find a Builder who will build the home to your specifications.  This “Custom Home” loan, or construction loan, would be in your name – and the builder would receive “draws” or lump sum amou...
We have looked at several studies done near the end of 2016 that ranked the "Best Suburbs For First Time Home Owners Near Raleigh," and while we think most of them are spot on, we disagree with a few.  If you are considering a move to the area, you might like to get a perspective from folks who l...
he New HomeReady™ Conventional Mortgage in NC offers some exciting options for NC Home Buyers.  It really is one of the first Innovative Mortgage Programs we’ve seen designed since the Great Recession.  The program is thankfully vetted and is low risk for Lenders and Home Owners.  The best news i...
If you are ready to move out on your own, and Kiss Your Landlord Good-bye…  CONGRATULATIONS!  Earlier this year the newest part of the Government’s program to help people buy a house went into place!  NC First Time Home Buyers definitely have an advantage, and we offer all of the First Time Home ...

Steve and Eleanor Thorne

Mortgage Loan Johnston County
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