First Time Home Buyer Tips, Best Mortgage Rates
We talked to a buyer recently who was trying to compare currently rental payments to a house payment. As the conversation progressed we realized that this first time home buyer didn't really have all …
Continue Reading about 3 Questions: Rent Versus Buying a Home in Raleigh Now? →
Fannie Mae is one of the "Big Dawgs" when it comes to Conventional Mortgage Loan Underwriting Guidelines. If they say something will work, most lenders / banks will follow that lead and approve loans …
Continue Reading about Fannie Mae Update: Deferred Student Loans Conventional Mortgage →
In North Carolina, we don't have a ton of properties that are sitting in a high risk of flood, but there are some properties in almost every county, with a particular concentration in the Eastern part …
Continue Reading about Flood Plain Properties and USDA Home Loans →
Down Payment for a home is generally believed to be the biggest obstacle facing first time home buyers in NC. About 11% of conventional mortgages written in the 2nd quarter of 2017 had an LTV above …
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UPDATE TO THIS POST 1/21/2018: Now that the final legislation has passed Congress, we received this notification from NC Housing Finance Agency: Congress has formally passed tax reform legislation …
Continue Reading about Mortgage Credit Certificate Program and Tax Reform →
There's a big conversation in the Senate about the Mortgage Tax Credit - and it doesn't look like that "National" initiative is going too far... Good News! There is a First Time Home Buyer Tax Credit …
Continue Reading about NC First Time Home Buyer Tax Credit →
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
