Are Mobile Homes Back on the Radar?

FHFA is the Government body that is in charge of just about everything when it comes to regulating FNMA and Freddie Mac. They set out new guidelines and goals for the Agencies this week. One of the suggestions on the table is for FNMA and FHLMC to offer more financing choices for Mobile Homes in [...]

April Housing Numbers Strong – Who Knew?

The S&P Case Shiller numbers released June 29, 2010 indicate that there were a ton of people buying homes in April!  WOW!  Who would have guessed that the $8000 tax credit was going to have such a huge impact on sales in April?! Okay – so I’m being tongue and cheek here.  I think the [...]

The FHA Bailout Plan

Congress, and specifically the NC delegation and Rep. Barney Frank have a new plan to stop the “bleeding” for many American Families who are upside down in their homes.  This is really not so much a problem for those of us with property in the Triangle – but for folks moving here (and by my [...]

Step 1 of Homebuying in Cary

The pre-approval process is a simple one, and will provide you with the options which meet your payment comfort zone. The process generally involved calling us and talking on the phone for 30 to 45 minutes. After that conversation, we decide when we should meet in person.

Risk Based Pricing?

You are buying a home this summer and you are LOVIN’ Life!  Yippee! Well, if you have credit scores over 640 – there’s more good news!  Effective July 14 FHA will move to Risk Based MIP and your cost of home ownership will be less! So, what does Risk Based MIP mean and what happens [...]