First Time Home Buyers – Frank Rexford Mortgage Team

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

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 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

Tax Reform & Your Decision To Buy A Home

The two most impactful tax-code changes are the decreased mortgage interest deduction and the state and local tax (SALT) deduction cap. The mortgage interest deduction is now capped at $750,000 – formerly limited to $1 million. But who has a

Mortgage Broker or Mortgage Banker ?

Most borrowers focus on their mortgage rate and loan terms and never consider the type of lender they will choose. Read on to find out why that could be a mistake. Once upon a time you would obtain your home

Surprise decline in U.S. home sales in December

The issue with declining sales is not that there isn’t demand. The challenge is that there simply aren’t enough homes available – national housing inventory is down 10.3% from a year ago, and last year was a hot market! This

Saving For Your Down Payment

This article has some great tips to help you get started saving for your down payment. 6 months from now, you’ll wish you had started today! Other than simply saving more, the two techniques I see most often employed to

62% of buyers put less than 20% down

Among all purchase closings in February 2017, 62% of buyers put down less than 20%. There are many loan programs that do not require 20% down – and I’d be happy to review them with you. Eighty Percent of First-time

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.
Photographs of documents are NOT acceptable. Originals, scans and faxes are acceptable.
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.
Please provide your closing attorney information asap so that we can order your title work.
Please provide your homeowner’s insurance agent’s contact info asap so that we can request your insurance documentation and submit it for approval.
Once you have signed your loan application, we will send you a request to pay for your appraisal fee with a credit card.
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.