Frank Rexford

Senior Mortgage Banker
Corporate Investors Mortgage Group, Inc
1414 Raleigh Road, Suite 400
Chapel Hill, North Carolina 27517

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Office:  919-929-6116
Mobile:  919-360-7864
Fax:  919-869-1510
Email:  frexford@cimginc.com
NMLS:  119234

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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 home.  Here is the article:

https://www.cnbc.com/2018/02/28/pending-home-sales-drop-4-point-7-percent-to-lowest-point-in-nearly-4-years.html

Home Sales Hit Lowest Point In Nearly 4 Years
Tagged on: Mortgage Planning
Frank Rexford March 2, 2018October 17, 2018 News
  • ← Here is what you need to earn to buy the median priced home in Chapel Hill, Cary, Durham, Raleigh, and Pittsboro,NC
  • Home Prices Are On The Rise →

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Recent Posts

  • 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

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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.
Important Reminders About The Mortgage Process

Frank Rexford

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

Corporate Investors Mortgage Group
1414 Raleigh Road, Suite 400
Chapel Hill, North Carolina 27517

CIMG NMLS ID: 39460

Recent Posts

  • 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
  • How (and Why) To Freeze Your Credit
  • What’s The Right Loan Program For You?
  • Conventional Loan Limits Increased For 2019
  • Mortgage Rates Stabilize

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