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

2013 

Mortgage rates have gone up by an unprecedented amount every day for the last week. Everyday we are getting changes from the pricing desk with changes. And they are pretty significant. The difference in payment between 3.25% and 4.25% (which is where it appears we are headed) for a $200,000 loan ...
05/31/2013
Effective October 1, 2013 the USDA Home Loan Maps in NC will be changing.  We have printed off the comparision of what works NOW and what will be in-eligible for the USDA Home Loan program this fall.  Belmont and Gastonia NC are areas close to Charlotte, NC that will see significant changes. This...
05/16/2013
If you are purchasing a Condominium in NC, and you are interested in getting a FHA Mortgage to help with that purchase, you need to check and see that the Homeowner Association (HOA) is already on the approved list by FHA.  Townhomes also share similar risks as Condominiums, however FHA no longer...
05/14/2013
We’ve known for a while that unless Congress votes otherwise – the USDA Home Loan footprint across the country is changing.  This is a pretty major issue, because USDA Home Loans are only available to folks who are purchasing a home within the USDA “Footprint.”  These are one hundred percent, no ...
05/07/2013
I’ve never accepted a guest post on our site – however, I received a letter from a borrower who is frustrated by the FHA Streamline Refinance System.  The Borrower (who lives in NC) has a FHA loan, and wants to take advantage of the low FHA Mortgage Rates – however, her loan was endorsed 11 days ...
05/06/2013
We've talked to a ton of First Time Homebuyers this Spring who want to buy a home in NC - but they are finding it to be a somewhat difficult process, especially with the new NC First Time Homebuyer Program that requires even higher credit scores.   I made a series of this inspirational messages ...
04/30/2013
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Eleanor Thorne

Equity Resources 919-649-5058
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