Are you getting married, AND buying a home in NC? Many people are looking at ways to incorporate these two big steps into a quick step in NC – and they are opting to get married and buy a house within weeks of each other. Many times folks get a “picture” in their head of […]
First Time Home Buyer Programs NC
If you are recently married, you might be looking towards your next big event together, buying your first home together! We find that going through the mortgage process can be similar to going through the Wedding Planning – there’s so much to learn, plan, budget for, it can get overwhelming! There are also First Time […]
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 […]