Eleanor's RTP Blog

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Mortgage and Lending - Equity Resources - NMLS 67179 Licensed in NC
Covering housing and economic trends of all points surrounding the RTP / RDU (Research Triangle Park), including the major markets of Cary, Holly Springs, Raleigh, Wake Forest, Chapel Hill, Durham and Johnston County.
We get MANY questions on this site, many of them start like this – “We want to buy a house, but honestly don’t know where to start.”  We focus much of our time, and our business, on First Time Home Buyers.  We believe that when you are buying a home for the first time, you really need someone who...
If you want to find a Builder to build your home on a lot, how do you do that?  One way is to have the Builder take out a mortgage, and in that situation, you normally have to make a pretty sizable deposit with the builder, often times it’s at least 20%.  IF you own the lot, you might have to sig...
Most loan officers are not familiar with the USDA Home Loan Program – which is a shame, because it’s one of the best No Money Down Home Loans available in NC!We get “Rural” really fast in NC… one minute you’re in a neighborhood – the next you can wake up to the sound of Roosters!If you’re interes...
Use this information to see if your family meets the USDA Loan requirements for maximum family income limits.  The table below shows the current 2017 USDA Home Loan Maximum Income Requirements in NC – and it is based upon the number of people who live in your household.In North Carolina we have p...
If you’ve bought a home before, or have ever been around someone while they were in the purchasing process, you are probably both aware and afraid of PMI Mortgage Insurance. MI often has the power to make people roll their eyes– but it’s simply a tool that reduces the risk of a mortgage loan. Onc...
I don’t normally write about “real life” situations, but we just had a VERY unusual Loan situation that invovled a Veteran, and I’d like to talk about it.  I learned something from the experience, and if you or a family member feel you might be eligible for Reservist VA Home Loan Benefits, you mi...
    The First Time Home Buyer Loans NC are specifically designed for first time home buyers who want to buy a house with little to no money out of your bank account! Because one of the biggest things holding Millennials back, is CASH, having first time home buyer loans NC offer down payment mort...
There are new down payment grants available in NC to help first time home buyers buy a house!  The program is not available through all lenders, and it is one that we are really excited to offer.  These $15,000 down payment grants are only available in Mecklenburg, Cabarrus, Guilford, Cumberland ...
First off – A DAP is the “mortgage babble term” for Down Payment Assistance Programs.  These programs USE to be funded by a SELLER paid contribution – these days, however, “the Home Seller can only help buyers pay closing costs by giving a portion of their proceeds back to the buyer at closing, i...
Since the Great Recession, we’re talking to people with more than $70,000 in Student Loan Debt several times a week.  For the most part, these are NOT lawyers or doctors, or folks who are otherwise being paid in excess of $70,000 a year.  No, these are folks who have this student loan debt in a d...

Eleanor Thorne

Advantage Lending 919-649-5058
local_phone(919) 649-5058
smartphone(919) 649-5057
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