Building a home is a dream for so many, but keep in mind that in many ways there are many more steps compared to buying an existing home. A construction loan process for stick built and modular homes has a lot moving pieces. In addition, building a home has so ... Read More
Team Move Blog
Our team experiences so many scenarios in working with buyers, builders, realtors, and others so we have created this informative blog to help you find answers to your mortgage questions or scenarios.
USDA streamline pilot refinance with no appraisal required North Carolina homeowners that have a USDA home loan, USDA has a little known, special refinance product called the USDA Pilot Refinance Program which is for borrowers that currently have a USDA guaranteed lo... Read More
FHA lowers PMI drastically which saves buyers money FHA has just made financing the purchase or refinancing of a home cheaper by lowering the amount of monthly payment of mortgage insurance premium by over 1/3! The latest announcement by HUD states that the monthly... Read More
Johnny Mercer’s Pier, Wrightsville Beach, NC Wrightsville Beach, NC Cape Fear Coastal Living – A great surf town is the nearly magical sum of consistent waves, inviting accommodations, friendly locals, fun nightlife, delicious food, and plenty of activit... Read More
Many families prefer to live in a suburban or rural areas. Buying a home outside the city often means the water source comes from a private or community well. Veterans, active military, or surviving spouses need to understand how VA looks at a well. The Vete... Read More
For first time home buyers, we offer three Fannie Mae programs with a LTV up to 97% for credit worthy borrowers for certain principal residence transactions. One little known low down payment option we offer is the “My Community Mortgage” or MCM. R... Read More
Lenders cannot discriminate based on a borrowers age. A retired even at an advanced age can get a 30 year term We are surprised when we occasionally hear someone say something like “Well I am 65 years old, so I can only get a 10 or 15 year mortgage, right?... Read More
Social Security disability income protects individuals no longer able to work at the same prior level. In the past lenders had difficulty in meeting a mortgage loan approval. This requirement included proof that the income “should” continue for at lea... Read More
One of the most popular questions we hear is what kind of programs are there with 100% financing and the answer has been VA and USDA. But now, NC Housing Finance Agency has the NC Home Advantage Down Payment Assistance program. NC first time or move up buyers... Read More
The Dawson on Morgan Luxury Condos, downtown Raleigh, NC The Dawson on Morgan condos, which are located at 317 W. Morgan Street, Raleigh, NC, are currently approved with our company for conventional financing. A lot of people are not aware that often condos are d... Read More
Check Out The Latest
- See How the USDA Guarantee Fee Stays Low for 2018 to Help Home BuyersSeptember 27, 2017 - 7:50 am
Homebuyers received great news about the USDA Rural Development guaranteed loan program! In 2017, USDA drastically reduced the guarantee or funding fee they charge upfront on USDA loans, plus lowered the annual fee also. So the great news is that the USDA guarantee fee 2018 (also often referred to as a USDA funding fee) will remain at […]
- Gift Letter for Mortgage: Requirements for Who, What, and How MuchSeptember 21, 2017 - 7:16 pm
Buying a home is the American dream for many and there are a lot of programs available to accomplish this dream. But what happens when the buyer needs a little extra funds in order to purchase? That is where a gift can be very beneficial. Although it is important to understand gift requirements such as […]
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