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 

You may have heard that we are entering into a Seller’s Market – meaning that Buyers no longer have the advantage in many neighborhoods they want to buy a home in. If you believe the TV commentators, gone are the days of offering 15% below asking price for a home in Raleigh, and actually getting ...
06/28/2013
One of the questions we were asked the other day made me think for a moment – because of the way it was asked.  The caller wanted to know, “Do First Time Home Buyers in NC Need A Lawyer?”  Well, we are an Attorney State in NC – meaning that when you buy a house, your “closing officer” who helps ...
06/28/2013
We’ve been talking to NC First Time Homebuyers who are finally getting the message that NOW might be the “sweet spot” for buying a house.  You maybe one of them – looking for a home with Character in Raleigh, not one of those Cookie Cutter neighborhoods… We think you should act quickly because wh...
06/28/2013
If you are ready to move out on your own, and Kiss Your Landlord Good-bye…  CONGRATULATIONS!  In February of 2012 – the newest part of the Government’s program to help people buy a house went into place!  As mortgage interest rates continue to climb in the summer of 2013, these Government program...
06/14/2013
If you are active military, I will bet you a nickle there are very few loan officers who know how to read your LES (leave and earnings statement / also referred to in the Civilian world as pay stubs). VA borrowers have unique Military Pay that shows as BAS, CMA, BAH Jump, Flight, Combat or Career...
06/14/2013
Many First Time Homebuyers in North Carolina get confused about Home Owners Insurance, and how it’s paid.   Homeowner’s Insurance is required to cover the property against fire and other “disasters.”  When you are getting quotes and getting pre-qualified,  we give you an estimate that has an escr...
06/14/2013
We hear ”I Don’t Want My Credit Pulled Because It Will Lower My Credit Scores!” on a fairly regular basis.  As loan officers, we can’t really get a good picture of what you qualify for without the credit report – and often time someone has called us right after they got off the phone with a diffe...
06/14/2013
In a nutshell, the main reason people move to Raleigh are; the wonderful economy and employment opportunities, great place to start a business and raise a family, the beautiful landscape, world-class education options and overall quality of life.  What was once a mild capitol city mostly made up...
06/14/2013
The American Dream Down payment Initiative was a program initially offered through the Bush Administration to help with the Housing collapse.  The program offered First time home buyers up to $8,000 for use toward the down payment and closing costs. This program actually came as a loan that had n...
06/14/2013
FHA has two forms of PMI on each loan.  One part if charged upfront, at closing, and it is generally added to the loan amount.  There’s no way for that FHA PMI to refunded or “cancelled.”  It’s just there.  The second part of FHA PMI is what is paid on a monthly basis.  There are some opportuniti...
06/14/2013
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Eleanor Thorne

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