Eleanor's RTP Blog

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Mortgage and Lending - Equity Resources - NMLS 67179 Licensed in NC
Covering housing and economic trends of all points surrounding the RTP / RDU (Research Triangle Park), including the major markets of Cary, Holly Springs, Raleigh, Wake Forest, Chapel Hill, Durham and Johnston County.

ARCHIVED BLOG POSTS

2010 

USDA has been "out of money" for a couple of weeks, and they finally have a couple of dollars (2.5 Billion) to loan!  We get Rural FAST in North Carolina - which is why USDA Rural Development Loans are so important! People who purchased and want to take advantage of the Tax Credit, are now waitin...
05/28/2010
For the last 18 months most lenders have added additional "Quality Control" in the mortgage process between Underwriting and Funding.  Many of those same Investors require the tax transcripts pulled prior to the loan being submitted for Underwriting, and they perform additional Automated Appraisa...
05/26/2010
This is a great time to pruchase in the Triangle!  Rates are at the bottom (seriously low right now) and houses are selling! What are you waiting for??!! Call Steve and Eleanor Thorne for more information on financing your new home, or refinancing 919-649-5058 Apex NC Market Report for April 201...
05/22/2010
If you are one of the millions of people who lost a job in the last couple of years - you might have some "bad" marks on your credit report.  Just because you had a few late payments, or lived off of your credit cards, or went bankrupt... or had a short sale...  There are things you CAN do to inc...
05/17/2010
The USDA Single Family Housing Mortgage guys just sent out notification that they will likely be out of the "2010" money on May 12, 2010.  Assuming the Senate passes the House Bill (H.R. 5017) then USDA says in the memo it will continue to issue Commitments with the following language: "subject t...
05/11/2010
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Eleanor Thorne

Equity Resources 919-649-5058
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