Tag: Lumberton Board of Realtors

Pastoral Housing Allowance We love helping pastors buy homes!  So much so, we have to share this success story and “prayer” answered.  Picture this loan scenario which involved the often misunderstood pastoral housing allowance. A pastor and military veteran buyer No down payment Almost all nontaxable income Excluded personal debts paid by the church Good […]

Mortgage Lending Communication “I just wanted to take a minute and thank you for pushing this purchase through for us.  I know we are not your only customer but you sure make it feel this way.  To the rest of the team, thank you for all your patience, I know I called late and bombard […]

Check out this success story and it is a little known advantage for licensed Real Estate Agents. Actually, a Realtor commission may be used as down payment for the purchase of their own home. Normally, lenders are required to prove down payment in the buyer’s bank account. So, if underwriters require proof of funds in the bank, how can Realtors use commission which isn’t paid […]

211,000 new jobs were created in November, above the 196K expected, while September and October were revised higher by a total of 29K. The report also showed that the Unemployment Rate remained at 5%, a 7 year low, which was inline with estimates. Average hourly wage growth rose 0.2%, which was also inline, while year-over-year […]

Are you looking to grow your business? Educate friends or prospective clients on real estate financing tips, ideas, guidelines, or anything else real estate related! Our team writes articles in hopes that it will educate buyers, sellers, realtors, builders, and anyone else related to real estate financing.  So use our expertise and ready to share articles […]

First Time VA Loan Buyer Options Under 640 score, over 55% debt ratio, VA home loan purchase that needs to close in 33 days?  No way?  Yes, Way!!   So often there are times when someone has some hurdles to overcome when purchasing a home and our team is one that will figure out a […]

“Do you want to put that on your charge card for a special discount? If you open a charge card with us, you will save 30% off of today’s purchase!” is what you will hear at every department store you visit over the holidays.  Sounds great, right? Not when it comes to credit scores! Actually, opening a new […]

The Federal Housing Finance Agency (FHFA) announced that the maximum conforming loan size limits for 2016 Fannie Mae and Freddie Mac loans will stay the same as 2015 except for increases in 39 high cost counties in the U.S. Being that there are 3007 counties in the U.S., that is not many that are increasing.  The baseline […]

If you are looking to purchase a home in Robeson County NC, you can research the property tax rates, tax bills, and values here.   Search for Robeson County, NC deeds and other real estate public records Look up property tax value or tax bills here   Robeson County .77 Que Hill FD .10 Southeast Maxton Rural […]

Success With Limited Credit Experience Limited credit experience is a fairly common occurrence and potential roadblock to home ownership these days.  Prospective buyers having very limited traditional credit and having borderline credit scores in the 580-639 range. We have been successful many times in building a strong file to present to underwriting to overcome the shortcomings of […]

When you are looking to raise your credit scores quickly, showing some love to that old card in the back of your wallet could get the points you want! Credit card usage and their affect on credit scores is the most misunderstood credit reporting topic among Americans and often we will hear someone say things that […]

There are so many misconceptions or fears that first time buyers have these days and one of our primary goals is to educate this section of the market so the dream of home ownership can be achieved.  7 Statistics and Solutions About First Time Homebuyers You Should Know: 54% of first time buyers are married, 18% are […]

USDA Finances 100% of your home purchase Each year after the USDA Rural Development fiscal year ends, USDA must have authorization for funds in order to fully guarantee the loans.  Since October 1, 2015, we have been on hold for funding USDA loans until today. USDA just announced a few hours ago that Fiscal Year […]

Team Move is hiring loan officers in Wilmington, Fayetteville, Southern Pines, Jacksonville, and Myrtle Beach! As a loan officer, you have a tough job and now TRID has complicated your life even more.  Since we have been in the mortgage business, we have always believed that mortgage loan officer success comes down to the loan officer’s Work […]

 Settlement or Closing Costs Explanations A buyer should know which closing costs to expect when purchasing a home.  Some closing costs are required, where others are optional to the buyer. Potential Closing Costs on a Purchase Below is a detailed list of potential closing costs on a purchase involving a mortgage in NC, SC, and […]

 Flood Insurance Requirements It is a given that every coastal Realtor, insurance agent, & mortgage lender should be familiar with flood insurance but there are also plenty of non-coastal properties in flood hazard areas because of being located near a river, lake, or in a low lying area where water can rise.  Below we asked a […]

Other than the standard things most people know about, VA will allow some little known, creative ways to help a buyer qualify with a VA home loan. Here are 7 Ways Knowledge of VA Details Will Help Buyers: The seller can pay off the buyer’s debts as part of the purchase price The buyer can pay off revolving […]

Successful Open House In many markets a well prepared open house can attract buyers as well as realtors that could bring buyers and a hopefully a closed sale. A successful open house is more than having a clean house, some flyers, and a sign.  This article will provide you with suggestions to give you a successful open house. […]

There are some great resources to avoid foreclosure now which include the NC Foreclosure Prevention Fund, the Hope Hotline, and the VA Compromise Sale program. So if you are facing foreclosure, there is help.  The first thing to do is realize that this happens to a lot of homeowners and don’t be afraid to ask for […]

Below are the FHA guideline changes effective for FHA case file numbers assigned on or after September 14, 2015. Below are the topics and the new guideline language which replaces the prior rules often because the prior rules were not specific enough. Assets:  This section applies to anything pertaining to documenting assets on an FHA […]

The first time homebuyer requirement for an MCC Tax Credit through the NC Housing Finance Agency does not have to be met if the borrower’s residence is located in a “designated Targeted Area” as listed below. A targeted area is any area designated by the federal government to receive special consideration based on economic conditions […]