January 2018 - Frank Rexford

3 Best Reasons To Buy A Home In 2018

As a mortgage banker, it is fairly obvious that I believe in homeownership. Not to mention that I’ve owned 2 homes in Chapel Hill, 1 home in Chicago, and I’m on my 6th mortgage. If you are considering a home

Rates Shooting Higher

The 10-year Treasury note – the key benchmark rate – has surged to it’s highest level since April 2014. Current movement indicates further moves up are likely, so it will be interesting to see what comments the Fed makes along

Don’t Miss These 3 Local Foodie Spots

My list of favorite spots to eat in Chapel Hill/Carrboro would be a very long one, but this Washington Post article touts 3 excellent choices. And Blue Dogwood Public Market, opening at 306 West Franklin Street, looks to be a

Reflections on the Financial Crisis of 2008

Kai Ryssdal interviewed the CEO of Fannie Mae for this article, which offers some great insight into just what Fannie Mae does. In short, Fannie Mae is one of the key players that makes the mortgage market work. The article

5 Housebuying Tips from Realtor.com

Here are some great buying tips from Realtor.com to consider as you plan to buy a home. Buried under item number 3 is a warning that starts with “Also be cautious of incoming emails…” which I think should be in

Surprise decline in U.S. home sales in December

The issue with declining sales is not that there isn’t demand. The challenge is that there simply aren’t enough homes available – national housing inventory is down 10.3% from a year ago, and last year was a hot market! This

Consider a 15 Year Fixed Rate Mortgage

Suze Orman thinks more people should choose a 15 year fixed rate mortgage, but I don’t think a 15 year fixed rate mortgage is right for everyone. However, if you have your retirement savings on track, along with 8 months of emergency funds

Saving For Your Down Payment

This article has some great tips to help you get started saving for your down payment. 6 months from now, you’ll wish you had started today! Other than simply saving more, the two techniques I see most often employed to

Retirement planning

Your ability to save for retirement should be considered when planning your mortgage – for some initial guidance, check out this article from USA TODAY. Retirement planning: Here’s how much money you should have saved at every age. https://usat.ly/2C4VDM0

Don’t apply for any new credit until after we have closed your loan, and don’t make any unusual charges on your existing credit. Your loan is being underwritten per your current financial status.
Photographs of documents are NOT acceptable. Originals, scans and faxes are acceptable.
Bank statements must contain your name, your account number, and 30 days of complete activity. We need ALL NUMBERED PAGES of banks statements. Even if any numbered pages are blank.
Please provide your closing attorney information asap so that we can order your title work.
Please provide your homeowner’s insurance agent’s contact info asap so that we can request your insurance documentation and submit it for approval.
Once you have signed your loan application, we will send you a request to pay for your appraisal fee with a credit card.
Please directly contact your closing attorney to obtain wiring instructions for your closing funds – you MUST do this yourself for your own security. No one on my team and no one from Corporate Investors Mortgage Group, Inc. will ever send you wire instructions. If you receive an email from anyone at Corporate Investors Mortgage Group, Inc. providing you with wire instructions, do NOT wire your funds with those instructions and notify me immediately.