The US Congress is busy trying to figure out how to regulate the Mortgage Banking Industry so that another Subprime Meltdown never happens, and that is a good thing. But, they are the Government, …
SAVE UP for your First Home!
If you're reading the headlines, and looking at the real estate section of the paper - you know that NOW IS A GREAT TIME TO BUY YOUR FIRST HOME! The equity you grow, here in the Triangle, over the …
Tiered Pricing and FHA Loans
There are many many rules that define who many discount points we can charge, or how much money we can earn in commissions in North Carolina. But FHA has ADDITIONAL rules regarding pricing. FHA's …
Condominium Loans and FHA Mortgage Changes
FHA announced new guidelines that will effect Condominiums beginning this fall. With their mortgagee letter, HUD (which governs the FHA Mortgage Loan program) changes the Spot Approval process, so …
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FHA To Allow Tax Credit To Work As Downpayment
FHA announced during a summit in Washington that they will shortly be allowing the Tax Credit for First Time Homebuyers to be used as downpayment! THIS IS HUGE! There are few details available …
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First Time Home Buyers Get $8000 in NC
With the new programs adopted by the Government, there's a great "gift" for First Time Homebuyers! It's a G-I-F-T from the Government, and unlike the $7500 credit given out in 2008, you do NOT …
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