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Mortgage and Lending - Movement Mortgage - NMLS# 0077046
Another great news story for the Raleigh area!  I have been saying that the news is acting like Chicken Little around here creating a fear that is not needed.  For the 3rd straight year Raleigh was rank the Best Place for Business and Careers and Durham ranked 3rd!
Below is the email I got from congressman David Price on the new legislation that has been passed recently.  Instead of explaining it I thought I would just let you read it yourself and get the details... Thank you for contacting me regarding efforts to stabilize the nation's housing markets and ...
USDA Rural Home Loans has a MASSIVE advantage in today's Real Estate market.  We've all heard these terms... NO MONEY DOWN! ZERO DOWN! 100% Home Loan Financing! These options for financing a home are no longer available with conventional financing NOR through FHA home loan financing.  The best op...
 A popular advertising hook used by mortgage lenders is the concept of a "no points" loan. Another variation of this type of loan is a "no cost" loan. Many people who begin the refinance transaction will say "I don't want to pay any points" as an immediate reaction when talking to a mortgage orig...
  FEATURE CREDIT AS CREATED JULY 2008 APPLIES TO ALL QUALIFIED PURCHASES ON OR AFTER APRIL 9, 2008 REVISED CREDIT - EFFECTIVE FOR PURCHASES ON OR AFTER JANUARY 1, 2009 AND BEFORE DECEMBER 1, 2009 Amount of Credit Lesser of 10 percent of cost of home or $7500 Maximum credit amount increased to $80...
$8,000 Home Buyer Tax Credit at a Glance The tax credit is for first-time home buyers only. The tax credit does not have to be repaid. The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000. The credit is available for homes purchased on or after January 1, 2...
So this is less of a blog and more of a question to all of the Realtors out there today.  What are you looking for in a mortgage person? After spending a week attempting to meet an unrealistic closing date by an agent.  I was told by the REALTOR that she just wanted a mortgage person who can make...
In order to answer this question, it is helpful to understand the four major interest rates that are affected by the Fed: Discount Rate (currently .50%) - the interest rate that banks pay when they borrow money directly from the Fed. The rate has been largely symbolic in the past because banks pr...
One of the most exciting new provisions of the Housing and Economic Recovery Act of 2008 is the First-Time Homebuyer Tax Credit. The credit is designed to encourage first-time homebuyers to go ahead and make the leap to purchase their first homes. Combine this tax credit with the fact that home p...

Melissa Schwartz

MRS Mortgage
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