The initial step in buying your first home is determining whether or not you are financially qualified to purchase a home, and establish a comfortable price range that won’t bust the bank or cause problems with other demands on your budget. This step is called mortgage pre-approval. You also need to understand a few things about […]
Category Archives: Mortgage Info
Are you eligible for a VA loan?
Are you eligible for a VA Loan? Sounds like a simple question, but many people are unsure of VA home loan eligibility. Who is ELIGIBLE: Available to veterans, reservists, active-duty personnel, and surviving spouses of veterans that have not re-married. VA home loan entitlement can not be passed to children or family members like other […]
Why Buying is Better than Renting – Jacksonville NC Homes for Sale
Keeping an Eye on Mortgage Rates when Buying a Home in Jacksonville NC
The U.S. Federal Reserve on Monday bought $7.8 billion of U.S. Treasury bonds, part of its pledge to buy $600 billion by next June. The purchase seemed to put a damper on the U.S. Treasury slump, as the 10-year note rose 31.2 cents, and its yield dropped from 3.28 percent from 3.33 percent. The Fed […]
Tax Credit Confusion
Remember back in 2008, when the first-time home buyer tax credit was first rolled out by the government? You probably do, but if you were one of the ones who took advantage of the credit that first year, hopefully, you will remember the details. The Internal Revenue Service reported last week that about 950,000 of […]
Finance Your Home Purchase
5 Tips for Deciphering Your Home Loan’s Good-faith Estimate Knowing how to read your good-faith estimate can help you save money on your home loan. Read 7 Homeowner Tax Advantages When you’re evaluating how much home you can afford, make sure you factor in the tax advantages of homeownership. Read 4 Tips to Determine How […]
Buying a Home in Jacksonville NC Easier with Mortgage Changes
With the arrival of a new year also came a new way to compare home loans. On January 1, new rules went into effect, which mandate that all home loan applicants be given a new version of the Department of Housing and Urban Development’s “Good Faith Estimate” form. The new form is designed to clarify […]
New Credit Card Laws Can Affect Your Score
The credit card laws that were passed last year and took effect in February are generally considered protective of the American consumer. However, it means the credit card game has changed as both the card issuers and consumers adjust. With a new game, there are some new rules for maintaining a good credit score. And […]
Avoid Foreclosure on Your Home
Are you behind on your mortgage payments? Facing possible foreclosure? Don’t know what to do? What can you do? It depends on what you are trying to accomplish: I want to keep my house and stay in my home – you will need to see if restructuring your loan is possible I don’t mind moving and […]
Short Sales, Foreclosures, and Alternatives
Is a short sale right for me? A short sale is selling your Jacksonville NC home for less than the total amount that you owe on your property, a method commonly used to try to avoid foreclosure. For a short sale to work, you must find a qualified buyer and your lender must agree to […]