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.
In NC you can use the Good Neighbor FHA Program to purchase a FHA Foreclosed home at 50% of the list price!  Sound too good to be true?  Well, there are (as of today) 9 homes that qualify for this program in NC - and more come on the market all of the time! Where are the Homes located? Homes that...
Great News!  You don’t necessarily need to be employed to qualify for a VA home loan.  We can count retirement income for Veterans, child support and Alimony can also be used to qualify for a VA mortgage loan too.  The important thing to remember when you are looking at Income Sources Qualifying ...
There are tons of folks who want to refinance their house in NC – but don’t think it will appraise for what they owe.  Did you know that there are SEVERAL programs available that do NOT require an Appraisal?  If Fannie Mae or Freddie Mac have your mortgage – you can get a loan for more than 125% ...
Cary Park is a very popular subdivision in Cary, North Carolina. There are a combination of condominiums, townhomes and single family homes ranging in price from the mid $140’s for a two bedroom condo to the mid $180’s for a three bedroom townhome and single family homes start in the mid $300’s. ...
The Downtown Raleigh Condo Market is as diverse as the city has recently become. There are a couple of distinctions, you have the luxury, often highrise condos in exclusive buildings with amenities such as security,pool, gym, indoor parking etc. The other side of the condo market in Raleigh would...
FHA Mortgage Loans are generally only available to folks who are going to live in the property – the EXCEPTION is if you already own the home, and you want to refinance it.  If you purchased a home with a FHA mortgage, then moved out, and are renting it (so now it’s Investment property) you might...
With all of the “deals” we are hearing about these days, I guess it’s not surprising that people are finding homes with large tracts of land associated with them.  In general, the ratio of “land value” versus “home value” needs to be less than 30%.  This goes for FHA loans, VA loans – Convention...
Disabled veterans  have some special benefits when it comes to getting a VA loan… and, you have a special place in our hearts.   We so appreciate your service, and we want to help you maximize your disability benefits so that it’s easier to close on your new home in North Carolina! While it is tr...
We just received this update – The Senate passed the USDA Bill, the House needs to include Grandfather language in order for the Maps to remain in place through next May. Most loan officers are not familiar with the USDA Loan Program – which is a shame, because it’s one of the best No Money Down ...
Most people who think about No Money Down Home Loans - think of USDA Home Loans.  It's a great program, and because of the demand... it's getting back logged in NC.  Great News!  There are OTHER options if you are looking for a mortgage that doesn't require ten's of thousands of dollars in down p...

Eleanor Thorne

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