Purchase – 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

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

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

Charming North Durham

As prices rise in downtown Durham, neighborhoods just to the north are becoming more appealing. This is a great area for young families to explore – it is possible to find a ranch style or bungalow home from the 1940’s

Chapel Hill-Carrboro Schools Ranked #1 in NC

The Chapel Hill-Carrboro School System was just ranked #1 in North Carolina and # 202 in the US, out of 10,574 districts. This result was based on test scores, graduation rate, quality of the teachers, diversity and student suspension and

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

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.