nc: IT’S TIME TO BUY A HOME IN NORTH CAROLINA - 01/06/13 12:08 AM

2013 is shaping up to be a great time to buy a home in North Carolina.  Mortgage rates are at historic lows, existing home inventory is good and new home construction is rising.  Add to that, the NC unemployment rate is improving and rental costs are increasing, this will make 2013 a very active real estate year.
 
One of the biggest hurdles for a home buyer is saving money for a down payment.  There are still a few no down payment programs around but they do have limitations.  A VA loan is one of the best zero down programs … (2 comments)

nc: 5 reasons to use FHA loans in NC - 11/07/11 05:40 AM
 

Following are 5 reasons to use an FHA loan in NC.  FHA loans have been around for over 50 years.  In that time FHA has help millions of home buyers buy their first home or their tenth home.  FHA rates are very competitive with other mortgage products and they don’t take any more time to close than other products.  The 5 reasons to use a FHA loan in NC are:
1.       Low down payment requirements.  Only 3 ½ % of purchase price is required as a down payment.  For example; a home with a purchase price of $150,000 would … (2 comments)

nc: GOOD NEWS for NORTH CAROLINA - 07/10/11 03:48 AM
There is good news for North Carolina.  According to The News & Observer, Raleigh NC local newspaper, foreclosure filings in North Carolina are down 16% comparing the first half of this year to the first half of last year.  The total number of files in NC for the first six months of 2011 was 29,371. Filing is the first step in the foreclosure process.  Not all homeowners go through the entire foreclosure process and lose their homes.  Some homeowners will be able to work out a repayment plan.
Filings in Wake County were down 15 % and in Durham County down … (0 comments)

nc: ARE YOU PRE-QUALIFYING YOUR LOAN OFFICER? - 06/30/11 06:12 AM
Are you pre-qualifying your loan officer?  If not, you should.  You pre-qualify your clients before you put them in your car to show them houses.  You should also pre-qualify your loan officer before you refer clients to them.
Most experienced REALTORS know the value of pre-qualifying their clients.   They will say something like "I will not let a client in my car until they are pre-qualified."   REALTORS do this to make sure their client has the necessary qualifications for obtaining a mortgage.  The reason to pre-qualify your loan officer is to see if he/she has the necessary qualifications for originating a … (2 comments)