Eleanor's RTP Blog

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Mortgage and Lending - Equity Resources - NMLS 67179 Licensed in NC
Covering housing and economic trends of all points surrounding the RTP / RDU (Research Triangle Park), including the major markets of Cary, Holly Springs, Raleigh, Wake Forest, Chapel Hill, Durham and Johnston County.
January 29, 2014 by Eleanor Thorne Mortgage rates have dipped again, and Government loan mortgage rates are now nearing the lowest levels we’ve seen –again! Lower interest rates mean folks are thinking about refinancing their homes.  Especially folks who didn’t have the ability to refinance it w...
January 27, 2014 by Eleanor Thorne Leave a Comment  The USDA Home Loan NC Program has been fixin’ to get ready to change the USDA Loan Eligibility Map in our state for two years.  The potential changes to the USDA Loan Eligibility Map for Burlington and Mebane NC have currently been delayed until...
FHA Home Loans in North Carolina are generally used by folks who are either new to the home buying market, or those who have unusual circumstances, requiring more “common sense” mortgage eligibility requirements.    Recently, FHA changed a long-standing eligibility requirement that dictates what ...
In North Carolina one of the best mortgage programs is the USDA Home Loan.  These mortgage loans are fairly easy to qualify for, and the minimum credit score requirements for USDA Loans in NC are somewhat flexible. Have you been told your credit scores are too low to buy a house?  Remember - cred...
We often talk to first time home buyers who want to know the minimum credit score requirements for a mortgage in North Carolina.  The answer, while not complicated, is not one where I can just spit out ONE number as a benchmark for all mortgage programs.  I can pretty easily say, however, that fr...
FHA loan limits in 2013 are now $295,000 in Wake County to . They are scheduled to change in 2014, and the maximum loan limit for FHA Mortgage Raleigh NC will go down to $280,600 staring 1/1/2014.  The FHA Mortgage loan is not limited to First Time Home Buyers, and will allow for lower credit sc...
One of the best benefits available to Veterans is the ability to purchase a home with no monthly PMI and no down payment.  You can use your VA Home Loan benefits more than once!  If you used your VA Home Loan Benefits 20 years ago to buy your first home, and then you sold the house, you VA Home L...
You may have heard that we are entering into a Seller’s Market – meaning that Buyers no longer have the advantage in many neighborhoods they want to buy a home in. If you believe the TV commentators, gone are the days of offering 15% below asking price for a home in Raleigh, and actually getting ...
If you are ready to move out on your own, and Kiss Your Landlord Good-bye…  CONGRATULATIONS!  In February of 2012 – the newest part of the Government’s program to help people buy a house went into place!  As mortgage interest rates continue to climb in the summer of 2013, these Government program...
If you are active military, I will bet you a nickle there are very few loan officers who know how to read your LES (leave and earnings statement / also referred to in the Civilian world as pay stubs). VA borrowers have unique Military Pay that shows as BAS, CMA, BAH Jump, Flight, Combat or Career...

Eleanor Thorne

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