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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Author: Frank Rexford

Qualifying for a mortgage after a bankruptcy, foreclosure, short sale, or deed-in-lieu

The waiting periods vary depending on the type of event and the type of loan.  I’ve created this handy chart to give you an idea of how long you will need to wait before you can qualify for a mortgage. 

Frank Rexford January 27, 2020 General Information Read more

Buying a new home is finally getting easier for Millennials

Buying a new home is finally getting easier for Millennials

When the housing recovery began 8 years ago, small new starter homes had virtually vanished.  Construction costs had soared, land prices leaped, and labor costs shot up amid worker shortages, all making it more difficult for builders to make a

Frank Rexford January 10, 2020January 10, 2020 General Information Read more

Fannie Mae and Freddie Mac – Conventional Conforming Loan Limits Increased for 2020

Fannie Mae and Freddie Mac – Conventional Conforming Loan Limits Increased for 2020

For the fourth year in a row, the Federal Housing Agency has announced an increase in the maximum conforming loan limits for mortgages eligible to be purchased by Fannie Mae and Freddie Mac.  For 2020, the maximum conforming loan amount

Frank Rexford December 4, 2019January 11, 2020 General Information Read more

Don’t Let Scammers Steal Your Down Payment

Don’t Let Scammers Steal Your Down Payment

Phfishing schemes designed to fool you into wiring your closing funds to the wrong place have been getting increasingly prevalent over the past several years.  Many borrowers around the country have fallen prey to these scams and lost their down

Frank Rexford November 19, 2019November 19, 2019 General Information Read more

What The Fed Rate Cut Means To You

What The Fed Rate Cut Means To You

It can be exciting to hear that the Fed just cut rates, and leads people to think that mortgage rates just dropped as well.  But it isn’t quite so simple.  The Feds future moves are well anticipated and the market

Frank Rexford September 19, 2019September 19, 2019 General Information Read more

How (and Why) To Freeze Your Credit

How (and Why) To Freeze Your Credit

Equifax stunned the world in 2017 when it was revealed that a security breach let the personal data of 143 million people slip into the hands of cyberthieves. Account details and account information were also exposed and possibly stolen at

Frank Rexford January 15, 2019January 16, 2019 General Information Read more

What’s The Right Loan Program For You?

The right loan program for you will be the one with the ideal combination of factors for you, your family and your financial situation.  These factors include an affordable down payment, manageable monthly payment, low interest rate, low closing costs,

Frank Rexford January 3, 2019January 10, 2019 General Information Read more

Conventional Loan Limits Increased For 2019

Conventional Loan Limits Increased For 2019

For the third year in a row, the Federal Housing Agency has announced an increase in the maximum conforming loan limits for mortgages eligible to be purchased by Fannie Mae and Freddie Mac.  For 2019, the maximum conforming loan amount

Frank Rexford November 29, 2018November 30, 2018 General Information Read more

Mortgage Rates Stabilize

Mortgage Rates Stabilize

Inflationary pressures in the economy have moderated as a result of lower oil prices (which lower transportation costs) and slowed wage growth.    As a result, interest rates stabilized this past week.  Here is a link to the current Freddie

Frank Rexford November 19, 2018 General Information Read more

Homebuyer’s Face a Friendlier Market

Homebuyer’s Face a Friendlier Market

A year ago, with rates around 4% and with a limited supply of homes on the market, buyers often found themselves in bidding wars, paying more than they had intended for their new home.  But the national housing market has

Frank Rexford November 3, 2018November 3, 2018 General Information Read more
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  • Knowledge Center
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Recent Posts

  • 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

Blog Archive

  • January 2020
  • December 2019
  • November 2019
  • September 2019
  • January 2019
  • November 2018
  • October 2018
  • September 2018
  • March 2018
  • February 2018
  • January 2018
  • November 2017

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.

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

  • 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
  • Homebuyer’s Face a Friendlier Market

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