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How does the Federal Reserve’s interest rates affect mortgage interest rates? Historically, when the Fed increases their interest rate, it is likely to cause a mortgage rate increase, but it’s not guaranteed. On occasion, these have gone in opposite directions. The Fed’s rate is only one factor of the economy affecting the daily rise and…

You definitely need a realtor when buying a home. They handle the contracts, have much better access (allowing you to see more homes), come with a whole network of resources, are expert negotiators, and they know how to handle whatever surprised might come up in the process. Trust me, you don’t have to (nor want…

If you’ve found a home that has the bones you need – location, layout, land – but it’s not quite your dream home, consider creating the home of your dreams with a renovation loan. A renovation home is based on the future value of the home – after renovations are complete – not its current…

Mortgage points are loan discount points that allow you to pre-pay interest. This means you pay more upfront, but your monthly payments will be lower. There are certain factors that make this a good – or bad – idea for buyers, so be sure to talk to you loan officer about your options. We are…

An adjustable-rate mortgage (ARM) typically allows for lower rates, resulting in lower monthly payments, at the start of your mortgage. But that only lasts for the initial period set when you took the loan. After that, the interest – and monthly payments – will adjust to the current market rate, which could be higher or…

A new construction home can be a dream come true. Here’s a few tips to help ensure the process goes as smoothly as possible: 1. Be aware of your timing. 2. Research the neighborhood. 3. Understand your warranty. 4. Confirm what comes with the model vs. the base home. We are based in Clayton, NC,…

The first step in buying a new home is getting pre-approved. We are based in Clayton, NC, and frequently help clients in Raleigh, Charlotte, Wilmington, Greensboro, and throughout the beautiful state of North Carolina. We are committed to helping North Carolina residents buy their dream home. For more information on conventional loans, or to apply…

The FHFA has raised their conforming loan limits for 2023. We are based in Clayton, NC, and frequently help clients in Raleigh, Charlotte, Wilmington, Greensboro, and throughout the beautiful state of North Carolina. We are committed to helping North Carolina residents buy their dream home. For more information on conventional loans, or to apply for…

If you’re house hunting and haven’t yet found your dream home, but you feel rushed, worried that rates might change (and not in your favor) in this unpredictable market, we have a solution for you! With a Lock and Shop program, you can lock in a rate that works for you for up to 90…

If you have a job lined up but want to get a head start on buying your new home before your start date, you have options! Under certain guidelines, Freddie Mac and Fannie Mae allow us to use income from a future employer to get you approved. There are restrictions, but if you meet all…