What Realtors, attorneys, buyers, & sellers need to know about how TRID will change a purchase closing Whether everyone likes it or not, the TILA RESPA Integrated Disclosure Rule or TRID, is going to happen on October 1, 2015. TRID which is mandated as part of ... Read More
USDA Rural Development Home Loans help buyers purchase a home with no down payment required. In addition to no down payment, it has recently become even more affordable. The recent reduction in the USDA funding fee and monthly payment is helping prospective home ... Read More
USDA announces increase in the USDA guarantee or funding fee effective 10/1/2015 to 2.75% For buyers, USDA mortgage loans are so popular (especially in NC, SC, and Virginia) because they allow first time or subsequent homebuyers to purchase a primary residence with n... Read More
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The Veteran’s Administration announced that the VA limits for potential 100% financing has increased for the first time since 2006. VA loan limits match the conforming loan limits set by the Federal Housing Finance Agency. Basically, this means the primary ... Read More
USDA well water test requirements Learn USDA Well Water Test Requirements Buying a home outside city limits? There is a good chance that the source of water comes from a well. So if there is a well, the USDA Rural Home Development requires that the local healt... Read More
Fannie mae guideline update: paid off revolving debts are excluded from debt ratio For the last few years, even if a person pays off credit cards or lines of credit at closing or before, the payments must be still included in their debt to income ratio. Effective i... Read More
Homeownership solutions for NC buyers looking for low to no down payment mortgage loans The most common need we see among buyers these days is a great low or no down payment mortgage solution. There is a little known affordable payment, low to no down payment optio... Read More
A popular topic on the news and in people’s pocketbook is the effect of rising college education expenses on families. Millennials and often their parents are mounting huge student loan balances. There is a lot of talks by individual states of making colle... Read More
Anyone familiar with the old guidelines for USDA and their requirements for swimming pools, knew you must get 1) A Pool Waiver as part of the USDA review process and 2) No value of the pool must be given unless it is above the purchase price. Now with the December ... Read More
For many, buying a home is considered the American dream. But sometimes there are roadblocks to homeownership. Well our site is designed to break through those roadblocks and provide solutions to home buyers. A common occurrence primarily in young, first time b... Read More
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- 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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