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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.
The Bureau of Economic Analysis reported on Tuesday that the second reading for economic growth in the third quarter was revised higher from the initial reading, led by a buildup in inventories. Gross Domestic Product rose to 2.1 percent from 1.5 percent originally reported, but well below the 3....
What are the Robeson County, NC & Town Property Tax Rates?If you are looking to purchase a home in Robeson County NC, you can research the property tax rates, tax bills, and values here. Search for Robeson County, NC deeds and other real estate public recordsLook up property tax value or tax bill...
A fairly common occurrence and potential roadblock to home ownership these days are prospective buyers having very limited traditional credit and having borderline credit scores in the 580-639 range. We have been successful many times in building a strong file to present to underwriting to overco...
When you are looking to raise your credit scores quickly, showing some love to that old card in the back of your wallet could get the points you want!Credit card usage and their affect on credit scores is the most misunderstood credit reporting topic among Americans and often we will hear someone...
The National Association of Home Builders (NAHB) Housing Market Index slipped in November to a reading of 62, down three points from the upwardly revised 65 in October. Readings above 50 are considered positive sentiment among home builders. The 62 is up from the 58 in November 2014. "The Novembe...
Consumer spending slowed in October, as evidenced by weaker than expected sales at retailers across the country. The Commerce Department reported that Retail Sales in October rose by a scant 0.1 percent, below the 0.3 percent expected. Sales at gas stations, auto dealers and grocery stores declin...
The Labor Department reported on Friday that U.S. employers added 271,000 new workers in October, well above the 181,000 expected and up from the lower numbers seen in August and September. The report showed hiring across many sectors of the economy. The Unemployment Rate fell to 5 percent, the l...
The Bureau of Economic Analysis reported on Thursday that the first reading on third quarter economic growth slowed mainly due to a decline in restocking warehouses. Gross Domestic Product grew at a 1.5 percent pace in the third quarter, down from 3.9 percent in the second quarter and just below ...
September Existing Home Sales beat expectations and rose 4.7 percent from August to an annual rate of 5.55 million units, according to the National Association of REALTORS®. Year over year, sales are up nearly 9 percent. All four major regions of the country experienced sales gains.
Does anyone understand how to count Pastoral Housing Allowance Income in order to obtain a mortgage loan to purchase a home in NC, SC, VA, or GA?You are going to say “Amen, it’s about time someone understands my income!” because we do understand pastor, priest, or reverend income and it is a litt...

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.