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1300 Environ Way – 3rd floor
Chapel Hill, NC 27517

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Month: March 2018

Should You Wait Until You Have 20% Down?

Should You Wait Until You Have 20% Down?

I was recently asked by a client about the potential costs of waiting until she could make a 20% down payment – since she only had enough for a 10% down payment when we spoke.  Let’s take a look at

Frank Rexford March 13, 2018October 17, 2018 Knowledge Center Read more

Home Prices Are On The Rise

Home Prices Are On The Rise

The lack of homes for sale is driving prices higher, just as millennials are getting ready to buy their first homes.  Stagnated earning power is a further complication, as wage growth continues at a snails pace.  These are more good

Frank Rexford March 13, 2018October 17, 2018 News Read more

Home Sales Hit Lowest Point In Nearly 4 Years

Home Sales Hit Lowest Point In Nearly 4 Years

The combination of higher interest rates and low inventory is causing weakness in the housing market.  The economy is strong and the job market is strong, so home buyers may be waiting until the spring market to pursue a new

Frank Rexford March 2, 2018October 17, 2018 News Read more

Here is what you need to earn to buy the median priced home in Chapel Hill, Cary, Durham, Raleigh, and Pittsboro,NC

Here is what you need to earn to buy the median priced home in Chapel Hill, Cary, Durham, Raleigh, and Pittsboro,NC

CNBC just analyzed the housing markets in 15 cities to determine what you need to earn in order to be able to afford the median home.  I think it is fascinating to look at the range of home affordability across

Frank Rexford March 1, 2018October 17, 2018 General Information Read more

Should You Consider An ARM?

Should You Consider An ARM?

Adjustable Rate Mortgages got a bad name after the housing crisis and mortgage meltdown in 2008, but a lot of that reputation is unwarranted.  Negative amortization ARMs, the worst culprits, are long gone.  Interest-only ARMS are hard to find unless

Frank Rexford March 1, 2018October 17, 2018 Knowledge Center Read more

Worker Shortage Is Hurting The Triangle’s Hot Housing Market

Worker Shortage Is Hurting The Triangle’s Hot Housing Market

The current political climate is hurting our hot housing market.  How?  A significant proportion of workers in housing construction – one in four –  are without proper documentation, and they are scared stiff.  The local home builder’s association has asked

Frank Rexford March 1, 2018October 17, 2018 General Information, News Read more

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  • Conforming Loan Limit Increasing to $715,000
  • What The Fed Rate Increase Means To You
  • Should You Pay Off Your Mortgage Early – Or Invest Instead?
  • Conforming Loan Limit Increase for 2022

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Important Reminders About The Mortgage Process

  1. 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.
  2. Photographs of documents are NOT acceptable.  Originals, scans and faxes are acceptable.
  3. 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.
  4. Please provide your closing attorney information asap so that we can order your title work.
  5. Please provide your homeowner’s insurance agent’s contact info asap so that we can request your insurance documentation and submit it for approval.
  6. Once you have signed your loan application, we will send you a request to pay for your appraisal fee with a credit card.
  7. 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.

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NMLS ID: 119234
LO Lic. NC: I-128094

CIMG Residential Mortgage
1300 Environ Way
Chapel Hill, North Carolina 27517

CIMG NMLS ID: 39460

Recent Posts

  • When will rates go back down?
  • Conforming Loan Limit Increasing to $715,000
  • What The Fed Rate Increase Means To You
  • Should You Pay Off Your Mortgage Early – Or Invest Instead?
  • Conforming Loan Limit Increase for 2022
  • Qualifying for a mortgage after a bankruptcy, foreclosure, short sale, or deed-in-lieu
  • Buying a new home is finally getting easier for Millennials
  • Fannie Mae and Freddie Mac – Conventional Conforming Loan Limits Increased for 2020
  • Don’t Let Scammers Steal Your Down Payment
  • What The Fed Rate Cut Means To You

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