mcc: New First Time Home Buyer Program in NC
- 03/06/18 09:44 AM
There’s a new $8000 First Time Home Buyer Program in NC that will become available on March 1, 2018. It is a unique program that will be available in every NC county. There are pros and cons to all of the First Time Home Buyer programs offered, and we will try and highlight those.
First Time Home Buyer Program in NC There are multiple First Time Home Buyer Programs available in NC. Some of them are offered by the Municipality that you live in, others by the State and still others are from funds provided by the Federal Government. In general, these programs are … (2 comments)
mcc: Mortgage Interest Rates Head Higher with DOW
- 12/06/17 08:14 AM
I don’t know who pays attention to stocks but there is usually an inverse relationship between stocks and mortgage bonds. When stock are blowing away milestones like they are today, mortgage bonds take a hit. This occurs as investors seek yield, it is a constant flight to higher returns. Mortgage Interest Rates are heading higher with the soaring DOW.
The DOW had never hit 24,000 until today and it is blowing right by that, sitting firm at 24,250. Why are stocks up? Like it or not, a lot has to do with who took over the White House last November. Do not send me any … (1 comments)
mcc: Mortgage Credit Certificate Program and Tax Reform
- 11/17/17 08:15 AM
The proposed Federal Tax Reform Program, if left as it is drafted in H.R.1, will eliminate a program that helps more than half of our customers qualify to buy the home of their dreams. We focus our business on First Time Home Buyers, and the proposed Tax Reforms from Congress that go into effect 1/1/2018 eliminates the Mortgage Credit Certificate Program (MCC) nationwide. This program is often referred to by first time home buyers at Mortgage Tax Credits. In a Statement from the NC Housing Finance Agency they advised:
The current draft of the tax legislation (H.R.1) will impact the availability of affordable housing … (5 comments)
mcc: Things to avoid Before Buying A Home
- 07/13/11 04:52 AM
Many new homebuyers make the mistake of rushing out to buy things to fill their home with as soon as the seller accepts their purchase offer and the lender pre-approves their loan. But there are still a few major hurdles to overcome before the keys are handed out. Don't Shoot Yourself in the Foot! Here are some things to avoid during the home buying process to assure your transaction goes as smoothly as possible: Don't make an expensive purchase. It may be tempting to order that new sofa for your soon-to-be living room, but its best to avoid making major purchases … (5 comments)
There’s a new $8000 First Time Home Buyer Program in NC that will become available on March 1, 2018. It is a unique program that will be available in every NC county. There are pros and cons to all of the First Time Home Buyer programs offered, and we will try and highlight those.
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