| |
Raleigh Cary & Apex NC home buyers - mortgage loan prequalification is the first step. Your home mortage loan lender will establish your purchase budget,Analyze the best mortgage to fit your individual objectives, andProvide the PreApproval Document needed to support your purchase offer.
..Confidential, no-obligation prequalification, with credit analysis…
 Find My Dream Home refers select mortgage loan, credit and debt specialists to begin moving your goal forward immediately. Our selection is earned through years of experience, up-to-date real estate loan market knowledge, and recent successful service and commitment to our clients. Be assured there is no financial connection between any mortgage loan counselor and Find My Dream Home, and no financial details between you will be disclosed without your permission. Begin your process today with confidence by talking candidly with a home mortgage consultant when shopping for your home loan.
Sheri Rimel consults locally for Wells Fargo, where she is a member of the Leader's Club, Wells Fargo's Top 1% successful production. That is the credential you want working for you. Sheri will identify your home buying needs and recommend solutions from a wide available array of home financing products for new construction, purchase of resale homes or refinance. Sheri will help make financing simple and stress-free, and find the right loan that fits your budget and your financial goals. Sheri will provide expert answers on credit analysis - zero Closing Cost loans - 100% Financing strategies - 3-2-1 Buy Downs - FHA & Va loans ...with a prompt courteous response.
"Well begun is half done." Empower yourself now by calling (919) 816-4826 or use Sheri's secure online application. Sheri's office is conveniently located off Jones Franklin Road, I440 between Raleigh and Cary Crossroads.
$8,000.00 Tax Credit Extended Until April 30, 2010!
to qualified, first-time home buyers, AND $6,500 to qualified CURRENT home owners seeking to purchase as part of the American Recovery and Reinvestment Act!
First-time homebuyers are approximately 40% of the home buying market. Is this an historic opportunity for you? OR are you ready to move up with a growing household and maximize your investment? Team up with us to help understand how the tax credit works, and let's work together to make the most of this unique opportunity. (Call Mark for details at 919-796-7919). It applies to both newly constructed and pre-existing homes. First Time Buyers may qualify for the tax credit as long as the home is their primary residence and they have not owned a home during the past three years. Current homeowners may qualify who have used the home being sold or vacated as their principle residence for 5 consecutive years of the past 8 years.
 - Maximum allowable credit for First-Time Buyers is $8,000
- Maximum allowable credit for current homeowners is $6,5000
- Available on single-family detached homes, townhomes and condominiums
- Buyers qualified for full tax credit are single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000
- The tax credit does not need to be repaid as long as the buyer does not sell the home within the first three years and it remains their primary residence
FHA Mortgage Maximum Limit for Raleigh Cary Wake County is $295,000 with only a 3.5% Down Payment
IMPORTANT: Three significant changes are coming this Spring/Summer to FHA Loans and are three legitimate reasons to complete your home buying early in 2010, if you are financing with an FHA Loan:
1) PMI (mortgage insurance premium) will increase
2) Those with credit scores BELOW 580 must have a 10% down payment and
3) Sellers' concessions (closing costs paid by Sellers, etc) will decrease to 3% (currently limited to 6%).
RATES UPDATE!
It is a given that once the Fed ceases its Mortgage Backed Security purchases, that interest rates will climb significantly higher...most likely back above the 6% area. So instead of a hard transition with a large bump in rates, the Fed is attempting to allow rates to gradually rise. This means that waiting to purchase or refinance will very likely mean a higher interest rate. - Sheri Rimel
USDA Rural Housing Direct Loans
Rural Housing Direct Loans are loans that are directly funded by the Government. These loans are available for low- and very low-income households to obtain homeownership. Applicants may obtain 100% financing to purchase an existing dwelling, purchase a site and construct a dwelling, or purchase newly constructed dwellings located in rural areas. Mortgage payments are based on the household's adjusted income. These loans are commonly referred to as Section 502 Direct Loans. Families must be without adequate housing, but be able to afford the mortgage payments, including taxes and insurance, which are typically within 22 to 26 percent of an applicant's income. However, payment subsidy is available to applicants to enhance repayment ability. Applicants must be unable to obtain credit elsewhere, yet have reasonable credit histories. Decisions within 30 days! For more information, call Mark at 919-796-7919.
SmartMoney says...
- Prepare to pounce on great rates.
Analysts agree: Current rates are very attractive, and they aren't going to rise anytime soon, thanks to government efforts. - Rates fluctuate daily based on any number of market factors.
Whether you're considering buying or refinancing, pull together your financial paperwork, including federal tax returns, investment records and proof of income, so you can jump on good rates immediately.
- Polish your credit score.
The almighty credit score is king these days, and it will continue to be. The more favorable mortgage rates will be reserved solely for those with the very best credit scores - at least a 740 on the 300 to 850-point scale. That's all the more reason to build up your credit and avoid mistakes that could trash your score, like late payments and big balances.
Do you need perfect credit to purchase a home?
 From purchase mortgage lending to refinance to construction lending, credit issues and challenges are NOT uncommon, and most borrowers must address them to find the right loan with the best rates, terms and costs to meet unique needs. The reality is that it has been more difficult to obtain mortgage financing for EVERYONE than in the past 17 years.
If you have tried to apply for a mortgage but have been denied funding for your new dream home, there is no reason not to try again! A credit specialist may be able to guide you on the necessary steps. Raleigh, Cary and the Research Triangle will be a strong market for the long-term - Don't give up your worthy home ownership goal now. It may not be easier "later"...
 Do you need to compare loans? Possibly. If you're a member of a credit union, consider their product. Also, try your bank. Then, lay your GFE's (Good Faith Estimates) side by side, and do the math. Your best loan is tailored to your plans and goals. Look at your bottom line. It's not always just about "the rate". For more useful information like this, and answers to many basic mortgage loan questions, click and select Mortgage Information. Or try the Mortgage 101 Library of Articles. You can also calculate payments without taxes and insurance or any possible HOA dues, right now.
Do you need to sell your home fast in Raleigh NC, Cary NC, Apex NC, Holly Springs NC, Knightdale NC, Wake Forest NC to buy your new home?
Search the Triangle MLS
for your dream home now.
| |
Copyright, 2010 Raleigh Cary Wake RTP NC
