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

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When will rates go back down?

Rates are cyclical.  They go up and they go down and they go up again.  If history and the charts below are a guide, then we optimistically anticipate we will see rates begin to fall as early as next year. 

Frank Rexford October 10, 2022October 10, 2022 General Information Read more

Conforming Loan Limit Increasing to $715,000

The conforming loan limit for mortgages eligible to be purchased by Fannie Mae and Freddie Mac has been $647,200 for single family homes in our area in 2022.  This loan limit is typically increased each January to reflect changes in

Frank Rexford September 12, 2022September 12, 2022 General Information Read more

What The Fed Rate Increase Means To You

Rates are cyclical – they go up, and they go down.  When we hear that the Fed has just raised or lowered rates, people think that mortgage rates just went up or down accordingly.  But it isn’t quite so simple.

Frank Rexford August 30, 2022August 30, 2022 General Information Read more

Should You Pay Off Your Mortgage Early – Or Invest Instead?

Paying off your mortgage sounds like a great idea – but is it really?  Let’s see what the math says.  I’ll just be talking about the principal and interest portion of a mortgage payment here – since you will owe

Frank Rexford August 17, 2022August 17, 2022 General Information Read more

Conforming Loan Limit Increase for 2022

The Federal  Housing Agency has increased the maximum conforming loan limit for mortgages eligible to be purchased by Fannie Mae and Freddie Mac.  For 2022, the maximum conforming loan amount for a Single Family home in our area will be

Frank Rexford February 16, 2022February 16, 2022 Knowledge Center Read more

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

If you have had a bankruptcy, foreclosure, deed-in-lieu, or short sale, there will be a waiting period before you can obtain a mortgage.  The waiting periods vary depending on the type of event and the type of loan.  This handy

Frank Rexford January 27, 2020August 30, 2022 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
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  • 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

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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.

Frank Rexford

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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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