1/31/2010 Update - There's still no Downpayment Assistance Program Available in NC. The House Bill 6694, that was suppose to re-confirm Downpayment Assistance (it's gone as of 10/1/2008) has made …
Fannie Freddie Change and FHA/VA Loans
The Paulson announced takeover of Government Sponsored Mortgage Giants Fannie Mae (FNMA) and Freddie Mac (FHLMC) created a welcome stability and confidence in both the mortgage market and the money …
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Subprime Refinances
With the anniversary of the "Subprime" Mortgage Meltdown Mess, I figured I'd take a look at what we've got left. Many people during 2004 through 2007 purchased homes with little to no money down, …
More Downpayment Needed for FHA
The New Housing Bill that Congress just passed in an effort to "save" Fannie Mae and Freddie Mac (F/F) has some other features that homebuyers need to be aware of. SAVE UP! For more than 10 years …
Stated Income FHA Loans
Can you just "state" your income at whatever you think would make it easier to qualify and get an FHA loan... no. FHA requires documentation - and that might be why there's no need for an FHA …
Mobile Home or Modular
The term Mobile Home is not "politically correct" since the folks that make them ( and I guess the industry) refer to them as MANUFACTURED HOUSING... but still, I'm from NC, and I grew up callin' 'em …
