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,
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
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
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
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
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
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
The HELOC Interest Deduction Is Dead
With the implementation of the new tax code, 2018 is the last year you can take a deduction for interest paid on your HELOC or HELOAN. People have traditionally tapped into home equity to pay for renovations, tuition, pay off
The New Tax Code – 6 Things To Know
Your income taxes will be affected by tax reform, and if you’re planning to buy a home this year, you should know how the new tax law has changed the rules of homeownership. Yes, you still need to find the
2018 Is A Hot Year To Sell. So How Do You Buy A Home?
Inventory shortages are driving the housing market, making it a great year to sell a home, but a challenging one if you are a buyer. So just how do you make a winning offer? First off, you need to be