Eleanor's RTP Blog

I don’t normally write about “real life” situations, but we just had a VERY unusual Loan situation that invovled a Veteran, and I’d like to talk about it.  I learned something from the experience, and if you or a family member feel you might be eligible for Reservist VA Home Loan Benefits, you mi...

    The First Time Home Buyer Loans NC are specifically designed for first time home buyers who want to buy a house with little to no money out of your bank account! Because one of the biggest things holding Millennials back, is CASH, having first time home buyer loans NC offer down payment mort...

There are new down payment grants available in NC to help first time home buyers buy a house!  The program is not available through all lenders, and it is one that we are really excited to offer.  These $15,000 down payment grants are only available in Mecklenburg, Cabarrus, Guilford, Cumberland ...

First off – A DAP is the “mortgage babble term” for Down Payment Assistance Programs.  These programs USE to be funded by a SELLER paid contribution – these days, however, “the Home Seller can only help buyers pay closing costs by giving a portion of their proceeds back to the buyer at closing, i...

Since the Great Recession, we’re talking to people with more than $70,000 in Student Loan Debt several times a week.  For the most part, these are NOT lawyers or doctors, or folks who are otherwise being paid in excess of $70,000 a year.  No, these are folks who have this student loan debt in a d...

We are talking to folks every week who lost a job in the last several years, lost medical insurance – or had some other tragedy that made it necessary for them to take steps they never thought they would have to.  The reality is that in today’s economic conditions, unfortunately, bankruptcy has b...

I've been in the Mortgage Business since I was 15 - working with my dad during the summers at a PMI Company putting together MBS Packages for sale.That's more than 40 years of experience watching the Industry "find" fax machines, computers, pagers, and now putting a toe in the water with social m...

USDA has long seen the benefit of a College Degree – and in fact USDA Home Loan Underwriters will use Higher Education as a “compensating factor” when a family is close on the debt ratios!  Unlike FHA and VA home loan underwriting, though, the no money down home loan programs offered through USDA...

We’ve had a ton of questions from folks, looking for information about their Student Loans, and how the payments on the deferred student loans, and IBR Student Loan payments will be looked at when they are applying for a mortgage.  Unfortunately, these questions are pretty difficult to answer in ...

If I wasn’t in the mortgage business, I would think you could just paint somebody’s house on the weekend, and take that cash to put down on a house. Well, it’s not as easy as that when it comes to what the folks approving the loan are looking for. Bank Underwriters want “sourced” deposits, and te...