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Mortgage and Lending - Blue Ridge Bank Mortgage - NMLS # 78989
The goal of my blog is to give you real world mortgage solutions to actual mortgage scenarios I see everyday.
New home construction jumped in September after declines in the two previous months. The Commerce Department reported that September Housing Starts rose 6.5 percent from August to an annual rate of 1.206 million units, above the 1.150 million expected. The report went on to reveal that single-fam...
It is a given that every coastal Realtor, insurance agent, & mortgage lender should be familiar with flood insurance but there are also plenty of non-coastal properties in flood hazard areas because of being located near a river, lake, or in a low lying area where water can rise.  Below we asked ...
Often you hear many complaining about no one can get a loan, guidelines are too strict, & lenders won’t go the extra mile.  So that is why we LOVE sharing our buyers’ success stories.  Check out these 3 VA Home Loan Successes!Contrary to belief, VA will allow excess acreage on appraisals:Most thi...
Realtors local to Fayetteville can complete 4 hours of Continuing Education on November 12th, 2015 which will be offered by Team Move OVM and NC Housing Finance Agency.Sign Up Here Products explained in the class will include: 15,000 Special Down Payment Assistance Product Available to Cumberland...
Home prices, including distressed sales, rose 6.9 percent in August 2015 from August 2014, due in part to higher demand along with constrained supplies. In addition, an improving job market and an uptick in wage growth in the last year, coupled with historically low mortgage rates, are further st...
Home prices continued to rise in July due to the ongoing strength in the U.S. economy. The Case Shiller 20-city Index showed a 5 percent gain year-over-year, which was in line with expectations. The index has risen at a 4 percent or higher rate since September 2012. From June to July, prices rose...
There are some great resources to avoid foreclosure now which include the NC Foreclosure Prevention Fund, the Hope Hotline, and the VA Compromise Sale program.So if you are facing foreclosure, there is help.  The first thing to do is realize that this happens to a lot of homeowners and don’t be a...
The government reported Friday that economic growth in the second quarter of 2015 far outpaced growth in the first quarter. Consumer and business spending led the increase. The final reading rose 3.9 percent, versus the 3.7 percent expected and well above the anemic 0.6 percent registered first q...
The Commerce Department reported Thursday that single-family home sales surged in August, July's numbers also were revised higher, signaling continued strength in the U.S. housing market. New Home Sales in August rose 5.7 percent from July to the highest rate since 2008 and are up nearly 22 perce...
Below are the FHA guideline changes effective for FHA case file numbers assigned on or after September 14, 2015. Below are the topics and the new guideline language which replaces the prior rules often because the prior rules were not specific enough.Assets:  This section applies to anything per...

Russell Smith

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The goal of my blog is to give you real world mortgage solutions to actual mortgage scenarios I see everyday.