The Fed met last month, and lowered the Fed Funds Rate. That generally gets reported on "the streets" of America, as interest rates in general have gone down. But they didn't. They went UP. This is …
First Time Home Buyers with Student Loan Debt
There are some new guidelines effective September 23, 2019 for First Time Home Buyers with Student Loan Debt. Freddie Mac will now requires us to count either your Student Loan payment, OR .5% of the …
Continue Reading about First Time Home Buyers with Student Loan Debt →
Examples of People Who Bought A House
Someone asked me to write a Real Life Example of people who bought a house. We close over 50 loans most months, so that's a pretty wide open request. I'm going to take 3 real life examples of what …
Continue Reading about Examples of People Who Bought A House →
Home Ready Income Limit Requirements
The Fannie Mae Home Ready program is quickly becoming the preferred loan for first time home buyers in NC. The reason for this interest, is because Fannie Mae takes a "liberal" stand in underwriting …
Continue Reading about Home Ready Income Limit Requirements →
First Time Home Buyers Are Not Using FHA
"Millennials have long been called the next wave of home buyers." I don't know why this is "shocking" because the US Housing Market has always relied on First Time Home Buyers coming into the market …
Continue Reading about First Time Home Buyers Are Not Using FHA →
Self Employment Income Needed For A NC Mortgage
There are so many people in NC looking for homes right now that have a "side hustle." They might bee working at Verizon, but during their off time, they are also Lyft Drivers. If they've done this for …
Continue Reading about Self Employment Income Needed For A NC Mortgage →
