Shay Campbell's Blog

Mortgage and Lending - Universal American Mortgage Company - NMLS 46083



$8,000 is still availablefor first time homebuyers in Raleigh and the rest of North Carolina.  One of the big challenges facing first time homebuyer is coming up with the required down payment that is required for many mortgages. This North Carolina program is for the first time homebuyer who has...
Zero down payment programs for Wake County NC properties are still available.  There are not as many of them as there was three years ago but we still have them.  Unlike before when many of the zero down payment programs was offered by Fannie Mae, Freddie Mac and Wall Street investment banks all ...
FHA loans for the home buyer in Raleigh NC should be considered by the first time homebuyer and the tenth time homebuyer.  This government program does not make mortgages; it insures mortgages.  As long as the investor follows FHA guidelines, FHA will insure the mortgage for losses against forecl...
You pre-qualify your clients.  You should also pre-qualify your loan officer.   Experienced Realtor's knows the value of pre-qualifying their clients.   I have heard some say "I will not let a client in my car until they are pre-qualified."   Realtors do this to make sure your client has the nece...
Today the National Flood Insurance Program was reinstated.  It is retroactive back to May 31 2010.  This is GREAT news, especially for costal properties.  This new reinstatement is good till September 30 2010.   Better late than never!   For more information contact Shay.   I don't work for a ban...
Everybody in the real estate industry needs to be aware of the new "GOTCA" that is out there in mortgage land.  It is called the "soft credit pull".  This new initiative is from Fannie Mae's lender letter LL-2010-03 dated 02-26-2010.  If you link to the letter, look under Borrower Credit-Undisclo...

Shay Campbell

Raleigh, NC
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