Eleanor's RTP Blog

We’re getting some questions regarding the government shutdown and the effect on our mortgage operations. Will A Government Shut Down Effect Mortgage Lending?Yes, it will slow us down, especially with Transcripts and Flood Insurance.  Hopefully we are looking at just today so there won’t be a hug...

Many people who are just plain tired of renting a home near ECU are looking for a way to take advantage of the historic low mortgage and they are trying to get the lowest price on a home.  If you don’t have a job yet, that might seem impossible – but the FHA Loan program offers the option of havi...

We are closing a loan this week for a hard-working young man who wanted to buy a home for his family. He did a ton of Research, and had many great questions.  But, he started with, “Can a DACA Buy A House in NC?”  Which kind of blew us away, because I’d always assumed everyone understood how this...

If you are a young entrepreneur, you might love the idea of owning a four unit, quadraplex and living in one side.  If you are going to live in one unit, FHA allows you to rent the other 3 units, and make a minimum down payment.  The loan amounts vary per county in NC, but it is possible to buy a...

I don’t know who pays attention to stocks but there is usually an inverse relationship between stocks and mortgage bonds.  When stock are blowing away milestones like they are today, mortgage bonds take a hit.  This occurs as investors seek yield, it is a constant flight to higher returns.  Mortg...

Many of our clients are hyper focused on their credit report and their credit scores because they want to buy a home in NC, and they need to get their scores to the point where that dream of owning a home becomes a REALITY! A credit report is just a complete accounting of your credit history, and...

The proposed Federal Tax Reform Program, if left as it is drafted in H.R.1, will eliminate a program that helps more than half of our customers qualify to buy the home of their dreams.  We focus our business on First Time Home Buyers, and the proposed Tax Reforms from Congress that go into effect...

Equity Resources, Inc. is offering Veterans and Active Military a FREE APPRAISAL on a home purchase or refinance for the month of November 2017! The Free Appraisal is valid for Veterans or active military members who apply 11/1/17 – 12/1/17 and close before 1/5/18 with Equity Resources, Inc.  Our...

There are some new guidelines coming in January for First Time Home Buyers with Student Loan Debt.  In January of 2018 Freddie Mac will begin requiring us to count either your Student Loan payment, OR .5% of the balance, which ever is higher  This is a change from the current guideline that allow...

There are several different ways to finance a new custom home, most commonly, you would pick out a lot, and find a Builder who will build the home to your specifications.  This “Custom Home” loan, or construction loan, would be in your name – and the builder would receive “draws” or lump sum amou...