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First Time Home Buyer! Mortgage Terms You Should Know!

If you are recently married, you might be looking towards your next big event together, buying your first home together! We find that going through the mortgage process can be similar to going through...

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Do I Need Title Insurance On My NC Mortgage?

First Time Homebuyers we talk to want to know what is included in Closing Costs.  Obviously there’s an appraisal fee, a credit report – you might want to have a Home Inspection… but we often get asked...

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Newlyweds Buying A Home in NC How Title Works

Are you getting married, AND buying a home in NC?  Many people are looking at ways to incorporate these two big steps into a quick step in NC – and they are opting to get married and buy a house within...

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How PMI Is Calculated – 2014 PMI Rates

There are currently five options for structuring PMI on a mortgage loan, and frankly, that number is on the rise.  “PMI” is actually Private Mortgage Insurance.  It’s the insurance that’s charged on...

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Government Mortgage Loan PMI Rates

The FHA Mortgage Loan Program, the Veteran’s Administration and the USDA Home Loan Program do not ACTUALLY make loans.  They simply insure the bank against default, they issue underwriting guidelines...

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3 Things First Time Home Buyers Should Know About Sellers

When markets move in a positive direction, you’ll hear it from real estate agents first. They see busier open houses, quicker sales or even multiple offers. By the time the news finally hits the...

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First Time Home Buyer Loans NC FAQs

Are you tired of hauling the laundry down to a dark basement, or better yet, LIVING in your PARENTS basement?  Maybe it’s time to buy a home for yourself! We’ve heard all of the doubts from folks who...

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Deferred Student Loans and Mortgage Loan Approval 2014

I would guess that 70% or more of first time home buyers we talk to these days have Student Loan Debt.  With the economic down turn, it seems to us that many families were forced to “dip” into college...

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NC First Time Home Buyer Tax Credit 2014

There’s a big conversation in the Senate about the Mortgage Tax Credit – and it doesn’t look like that “National” initiative is going too far… Good News! There is a First Time Home Buyer Tax Credit...

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Student Loan (IBR) and Mortgage Qualification 2014

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...

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Fannie Mae Update: Deferred Student Loans Conventional Mortgage

Fannie Mae is one of the “Big Dawgs” when it comes to Conventional Loan Underwriting Guidelines.  If they say something will work, most lenders / banks will follow that lead and approve loans based...

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Get A Tax Refund, Buy A House!

It’s that time of year!  All of the Car Dealers are shouting “Take Your Tax Refund and Buy a New Car!”  Wait!  Don’t Do That! The slogan for First Time Home Buyers in NC should be… Get A Tax Refund,...

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Buy a House – Get a Raise! Mortgage Tax Deduction Rules

Have you filled out your taxes yet?  Are you getting a refund?  NO?!?!  You might need to buy a house!  There are Mortgage Tax Deduction Laws in place that make Home Ownership more affordable.   There...

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First Time Home Buyer Raleigh NC FAQs

We work with a TON of First Time Home Buyers. We’ve found that they ALL need the same basic information, to avoid costly mistakes.  The first thing to know about the Real Estate Market in Raleigh is...

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First Time Home Buyer Tips Understanding Real Estate Abbreviations

The post First Time Home Buyer Tips Understanding Real Estate Abbreviations appeared first on NC Mortgage Experts.

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Saving for a Home

We talk young folks all the time who are doing some pretty creative things to save for a home in North Carolina.  And who can blame them?  Home prices are still lower than they have been – and mortgage...

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Saving For Your First Home

I saw a post on Twitter about a couple who saved over $100k to buy their first house by sharply cutting expenses.  I immediately thought, well, they lived with parents for 3 years.  Which was partially...

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Conventional NCHFA Down Payment Grant Program

Many of the New Home Communities popping up around North Carolina do not fall within the USDA RD Home Loan program footprint. This means that potential Home Buyers can not take advantage of the USDA...

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How PMI Is Calculated – New PMI Rates

There are currently five options for structuring PMI on a mortgage loan, and frankly, that number is on the rise.  “PMI” is actually Private Mortgage Insurance.  It’s the insurance that’s charged on...

View Article

Government Mortgage Loan PMI Rates

The FHA Mortgage Loan Program, the Veteran’s Administration and the USDA Home Loan Program do not ACTUALLY make loans.  They simply insure the bank against default, they issue underwriting guidelines...

View Article
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