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

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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

Rising Rates Knock US Home Buying Activity To Lowest Level In 4 Years

Rising Rates Knock US Home Buying Activity To Lowest Level In 4 Years

Last week showed the lowest level of mortgage application activity by U.S. consumers in the past 4 years.  There are a lot of factors at play here – low national housing inventory, rising rates, and multiple bid situations on many

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

All About Gift Funds

All About Gift Funds

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

Frank Rexford October 8, 2018October 17, 2018 Knowledge Center Read more

Conventional Mortgage Financing For Condos

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

Frank Rexford September 19, 2018October 17, 2018 Knowledge Center Read more

Getting Ready For A Hurricane

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

Frank Rexford September 12, 2018October 17, 2018 General Information Read more

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
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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

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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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