Gift funds allow family members to help other family members buy a home and begin to build wealth. This is something we see most often when young buyers are purchasing their first home. If you are uncomfortable with the idea
All About Gift Funds
CIMG Renovation Loans
Imagine you are interested in purchasing a home that needs structural work, foundation work, mold remediation, lead-based paint stabilization or other repairs in order to satisfy appraisal requirements – and the sellers are not able or willing to make these
Conventional Mortgage Financing For Condos
For every residential mortgage, the borrower’s creditworthiness and ability to repay must be underwritten and approved, and the appraisal must support the purchase price and be accepted by the underwriter. When you are purchasing a condo, there is an additional
Getting Ready For A Hurricane
Here in the Triangle area of North Carolina, we are far from the ocean and safe from the storm surge that causes so much devastation at the coast during a hurricane. But we can still expect high winds, heavy
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
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
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
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
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
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