Category: Home Buying

Is it Only the Purchase Price of the Home?
September 29, 2020

Question: In deciding which homes are affordable, is it only the Purchase Price of the home and the Mortgage Interest Rate?  Is it possible there are other factors which have an effect on affordability? Yes, low Mortgage Interest Rates can make mortgage payments more affordable and can enable buyers to ...
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NC 1st Home Advantage Mortgage
August 31, 2020

NC 1st Home Buyer Down Payment Assistance If you are a first-time home buyer or military veteran and qualify for an NC Home Advantage Mortgage, you may be eligible for $8,000 in down payment assistance with the NC 1st Home Advantage Down Payment. Similar to the other down payment assistance options available with the ...
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The Importance of Mortgage Pre-Approval
August 28, 2020

Before taking the time to drive around looking for a home, before taking the time to visit Open Houses and before taking the time to meet with a REALTOR® to look at homes, meet with a Mortgage Lender to review the mortgage process and obtain Mortgage Pre-Approval. The reality is ...
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Historical Mortgage Interest Rate Charts
August 19, 2020

I have been Listing and Selling Real Estate since 1971, spanning 6 Decades now! Never once did I think a 30 Year Fixed Rate Mortgage would be under 3%. And, YES, Mortgage Interest Rates did drop below 3 %! During my Career, I did sell a home where the Buyer obtained a  ...
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2020 Homebuyer Preferences
August 7, 2020

2020 Homebuyer Preferences [INFOGRAPHIC] Some Highlights A recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers. Many buyers are accelerating their timelines to take advantage of low mortgage rates, and staying home has enabled some to save more money to put toward a down payment. Let’s connect today if your needs ...
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A Beginner’s Guide to Understanding Homeowners Insurance
July 6, 2020

Source: Rismedia.com Buying homeowners insurance for the first time can be intimidating. Gaining a better understanding of what it covers, what it doesn’t, and how much coverage you need can help calm your nerves and build your confidence. While buying your first home is exciting, buying your first homeowners insurance policy isn’t ...
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Home Buyers Wilmington North Carolina Real Estate

Home Buyers: Are You Making a Real Estate Contract Offer, or Do You Really Want to Buy the Home Wilmington, North Carolina? Home buyers are out looking in the Porters Neck area and throughout all Wilmington, in Leland, in Hampstead and all over North Carolina. Are you interested in seeing the Homes For Sale ...
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Down Payments and Buying a Home
January 21, 2020

Do You know What Down Payment Requirements Are in Buying a Home?   62% of Buyers Are Wrong About Down Payment Needs According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More than 6 in 10 (62%) Americans ...
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Mortgage Basics … Understanding Mortgage Loans

Whether looking to buy a home in Wilmington or Leland, in New Hanover or Brunswick Counties or any other area or County in North Carolina, a home buyer needs to understand mortgage loans, mortgage qualifying, mortgage payment affordability, and the mortgage application process. The reason for this is very basic: ...
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Mortgage Pre-Approval versus Mortgage Pre-Qualification
July 10, 2019

Is there a difference between a Mortgage Pre-Qualification letter and a Mortgage Pre-Approval letter? (Originally written and posted in 2009 and updated now in August, 2019, with updates in Italics) Considering taking advantage of the favorable mortgage interest rates? mortgage interest rates below 4%? Considering taking advantage of the drop in real ...
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You Signed a Real Estate Contract Offer to Sell Your Home, Mortgage Approval
May 5, 2013

Signing Real Estate Contract
Home Sellers: Is Your Home Really Sold When You Sign a Real Estate Contract Offer? Mortgage Approval_Part III There is another reality to signing a contract offer and selling a home. The majority of home buyers need to obtain a mortgage loan to purchase a home and need mortgage approval from their lender to ...
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Home Buyers: New Jersey Real Estate Contract Offers, Attorney Review
February 26, 2012

Signing Real Estate Contract
 Home Buyers: Your New Jersey Real Estate Contract Offer Has Been Accepted, Attorney Review? New Jersey Real Estate Contract Offer: In New Jersey, all real estate contracts for the sale of residential real estate containing one to four dwelling units, vacant one-family lots or leases prepared by licensees for a term of one year ...
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