According to the Mortgagee Letter Published this week, HUD is changing the Maximum Loan Limit for Wake, Johnston, Franklin and Harnett Counties. The change is based upon our average sales price, …
Documents You Need 4 A Loan
A customer, who is quickly becoming a friend of mine, asked me recently what she needed to gather for a loan application - she's moving to a new area (the company is relocating them) and before she …
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 …
Purchasing FHA Foreclosures
FHA is making a temporary move which will make it easier for folks who want to purchase FHA foreclosures. In a release last week HUD announced that it will temporarily waive a 90 day restriction …
Step 2 Homebuying in Cary
In a previous post we explored the whole "First the Loan, then the Home." Mentality of Home Shopping. The idea is that if you begin shopping for a $175k home because you used an online calculator and …
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 …
