USDA Rural Development home loans are one of the most misunderstood and overlooked mortgage loans. Yet, USDA loans offer qualifying buyers one of the best purchase options available today. By offering a no money down mortgage with unbelievably affordable terms, U... Read More
Military buyers have a huge benefit when it comes to purchasing a home. Not only do service members have a no down payment option, but VA loans may be the best mortgage available. VA loans offer up to 100% financing with no monthly mortgage insurance. Thus, thi... Read More
A recent USA Today article stated “Americans now have more than $1.4 trillion in unpaid education debt, according to the Federal Reserve”. Average student loan debt for 2015 graduates in North Carolina is $25,645. Plus many graduates have so much more... Read More
The biggest misconception among renters is that a large down payment is necessary to buy a home. Then many will rent for an extended period thinking that a home purchase is unreachable. A recent article by Citylab, “The down payment is too ‘daggum... Read More
Part of military life is the high percentage of receiving your permanent change of station orders. This is also called PCS orders for short. PCS is the military version of a job relocation over 50 miles away. At least a benefit is that the military will pay f... Read More
Buying a home is the American dream, but sometimes there are hurdles making ownership a struggle to many. Down payment, higher debt ratios, and credit requirements make buying a home difficult at times. Many are familiar with the benefits of an FHA, VA, or USDA... Read More
Are you buying a home from a family member? Family transactions may have pluses for both the buyer and seller. A major benefit to buyers is a gift of equity. So what is a gift of equity? It is a little known rule which allows equity in a family member’... Read More
Student loan debt and payments play a large role in buyers qualifying for a mortgage loan. With escalating costs of a college education, many graduates carry the heavy burden of debt. Luckily there are many programs providing student loan payment relief. But w... Read More
It is no secret that student loans cause debt ratio issues when qualifying for a home loan. While mortgage lending hasn’t caught up with student loan debt payment options, there are great solutions available. So let’s share creative ways millennials... Read More
FHA loans are well known for helping buyers obtain a very affordable house payment. Well FHA, one of the most popular loan programs, just became even cheaper because HUD lowered FHA PMI rates for the 2nd time in 2 years. The Federal Housing Administration will... Read More
Check Out The Latest
- 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 […]
- Everything You Need to Know About Purchasing Rental PropertySeptember 14, 2017 - 9:47 am
Whether it is a vacation rental or long term rental, buying rental property could be a big step towards financial freedom. According to the National Association of Realtors, buying a rental or investment property actually accounts for approximately 20% of purchase transactions lately. A benefit for investors that are able to buy rentals is that […]
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