When you contact us about getting a mortgage – we are probably going to talk on the phone for 20 or 30 minutes. Then, you might opt to come in to talk with us, and go over all of the details about buying a house. Here’s a checklist of items we will likely need to […]
First Time Home Buyer Programs NC
We’ve had a ton of questions from folks, looking for information about their Student Loans, and how the payments on the deferred student loans, and IBR Student Loan payments will be looked at when they are applying for a mortgage. Unfortunately, these questions are pretty difficult to answer in any “broad” way… because every mortgage […]
We talk so many first time home buyers every week, and often times the conversation starts with, How do I start the HomeBuying Process - They’ve looked online, they’ve talked to friends… and they’ve gotten the notice from their landlord that their Rent is going up. It’s pretty easy to calculate what the principal and interest […]
Let’s say you’ve been living at home, saving money to purchase your first home, and you are one of those lucky folks who have never paid rent before. Did you know that you could be scrutinized by the mortgage underwriter a little harder than other folks, even if you have good credit scores? One of […]
For instance the “Free Credit Score.com” jingle that folks listen to, and then PAY for doesn’t have a matrix that is anywhere close to the “Mortgage” matrix we must use to score you! We’ve seen many people who thought their credit score was “up” to 640 – when we pulled it and found that the score was actually 618, the customer thought we were crazy! We weren’t… there’s just a difference between a Mortgage Report Score, A Medical Credit Score, and a Retail Credit Score.
NC First Time Homebuyers, especially those who are recent college grads, need to know how to get credit built up so that they can buy a home – they also want to know what options they have for purchasing a home, especially while rates are so very low. Great News! The NCHFA recently updated their […]
So you’re ready to move out on your own, and Kiss Your Landlord Good-bye? CONGRATULATIONS! Real Estate Is Cheap! That’s not just a saying, for many places in NC, that’s a F-A-C-T! And, while there are “Deals” available right now… the lower end, first time home buyer properties are seeing prices go higher. There’s more demand […]