What Realtors, attorneys, buyers, & sellers need to know about how TRID will change a purchase closing TRID: Get familiar with the new forms taking the place of current ones (No more HUD, GFE, TIL, & others) and the totally new process. Make sure that you... Read More
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
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- How to Sell Your House With Top 12 Creative IdeasNovember 14, 2017 - 8:26 pm
Recently a Realtor asked for some creative negotiating items a seller may offer to a buyer. Basically, what can the seller do to sweeten the deal so the buyer is more willing and/or able to go under contract. This Realtor, like many, realize that a purchase contract is about more than just the price. Sometimes these […]
- 8 Reasons Now is the Time to Buy a HouseNovember 13, 2017 - 6:39 pm
Are you currently renting? Is your lease coming up for renewal? Before you extend your lease for another year or two, why not consider exploring the possibility of buying instead of continuing to pay someone else’s mortgage? First of all, we are not going to say everyone should buy a house. Not everyone wants to. But there are […]
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