First Time Home Buyer Tips, Best Mortgage Rates
We've been in the mortgage business for a couple of decades, and with all of the changes that have happened, month after month... we sometimes get asked a question that you would think was a SIMPLE …
Continue Reading about Refinancing FHA Loans and Cash Back →
FHA is doing a Risk Management Assessment - and while it makes sense, in the announcement today, the last paragraph says it is aligning FHA to the FNMA and Freddie Mac model! Yickes! Not sure I …
April 3rd is the last day to get the cheaper mortgage insurance premiums /financing rates for FHA loans. As of April 4th, MIP, or FHA's version of PMI/ mortgage insurance, rises from 1.75% to …
The FHA Program for Condominiums is a tiny bit different from the program that covers "traditional" Single Family Homes. Originally, the program was designed with differnt mortgage insurance coverage, …
HUD announced a change in the way it handles property that has changed ownership in the last 90 days. In an attempt to prevent people from "flipping" property (which is FRAUDULENT), HUD required a 90 …
Continue Reading about HUD Makes It Easier To Purchase Foreclosed Property →
Okay—so here’s why you REALLY want to buy a house in the first half of 2010… Houses are C-H-E-A-P! I mean CHEAP!! I’ve been in this business, in North Carolina decades, and I’ve never seen home …
Continue Reading about The First Time Home Buyer Tax Credit of 2010 →
Stephen Thorne
Mortgage Loan Officer
NMLS 60596
Eleanor Thorne Mortgage
Loan Officer
NMLS 67179
Advantage Lending is an Equal Housing Lender. NMLS NMLS #5687 (NMLS Consumer Access), NC License L-161797 Certain limitations apply, call for details. Corporate Office 7521-101 Mourning Dove Road
Raleigh, NC 27615. Phone Number (919) 532-7300
