Frank Rexford

Senior Mortgage Banker
Corporate Investors Mortgage Group, Inc
1414 Raleigh Road, Suite 400
Chapel Hill, North Carolina 27517

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Office:  919-929-6116
Mobile:  919-360-7864
Fax:  919-869-1510
Email:  frexford@cimginc.com
NMLS:  119234

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Mortgage Rates

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

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

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

Should You Consider An ARM?

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

Frank Rexford March 1, 2018October 17, 2018 Knowledge Center Read more

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

Frank Rexford February 21, 2018February 26, 2018 General Information Read more

Rates Continue To Rise

Rates Continue To Rise

Rates are currently at a 2-year high, due to a number of factors – including the anticipation of higher inflation due to federal tax cuts which will increase consumer spending, as well as increased spending on infrastructure.  The Fed raises

Frank Rexford February 21, 2018February 21, 2018 General Information Read more

Blog Categories

  • General Information
  • Knowledge Center
  • News

Recent Posts

  • 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

Blog Archive

  • February 2022
  • January 2020
  • December 2019
  • November 2019
  • September 2019
  • January 2019
  • November 2018
  • October 2018
  • September 2018
  • March 2018
  • February 2018
  • January 2018
  • November 2017

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

Corporate Investors Mortgage Group
1414 Raleigh Road, Suite 400
Chapel Hill, North Carolina 27517

CIMG NMLS ID: 39460

Recent Posts

  • 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
  • How (and Why) To Freeze Your Credit
  • What’s The Right Loan Program For You?
  • Conventional Loan Limits Increased For 2019
  • Mortgage Rates Stabilize

Frank’s Blog

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