We talk to “Fence Sitters” everyday. That’s part of the Mortgage and Real Estate Business – talking folks off that fence, assuming it makes sense for them to do so. In many ways, you need to be part Authoritative Consultant, part Motivator, and part Coach to be successful at our job. We are actually […]
First Time Home Buyer Programs NC
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.
We talked to a buyer recently who was trying to compare currently rental payments to a house payment. As the conversation progressed we realized that this first time home buyer didn’t really have all of the information about rent versus buying. In fact, to make a fair comparison about rent versus buying, there are some […]
First off – A DAP is the “mortgage babble term” for Down Payment Assistance Programs. These programs USE to be funded by a SELLER paid contribution – these days, however, “the Home Seller can only help buyers pay closing costs by giving a portion of their proceeds back to the buyer at closing, in the […]
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 have a pretty big past customer base that consists of Single Female Home Buyers. That surprises some folks we talk to, because the commercials and ads for real estate companies and mortgage companies show TWO people buying a home! What if you are ready to go it alone? Is that even possible? “Home ownership is […]