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When you’re shopping for a loan—like a mortgage—your credit report is pulled by a lender to see if you’re a good fit for borrowing money. But did you know that when your credit report is pulled, the credit bureaus (Experian, Equifax, and TransUnion) sell your information to other lenders? This process is called “trigger leads.”…

I’m going to explain something called Debt Service Coverage Ratio loans, or DSCR loans for short. If you’re looking to invest in real estate in North Carolina, South Carolina, and Virginia, especially rental properties, this type of loan might be a great option for you. Let’s break it down. What is a DSCR Loan? A DSCR…

If you’re a homeowner or potential homebuyer in North Carolina, South Carolina, or Virginia, recent news about the Federal Reserve reducing interest rates is worth paying attention to. Historically, when the Federal Reserve lowers its rates, mortgage rates tend to follow suit. This opens up a great opportunity for homeowners and buyers to save money…

Most mortgages are paid monthly, but you likely do have the option to make more frequent payments, which could save you tons of money on interest over the life of your loan and help you pay your loan off faster. We are based in Clayton, NC, and frequently help clients in Raleigh, Charlotte, Wilmington, Greensboro,…

A VA loan are mortgage loan is backed by the Department of Veterans Affairs and available to active duty military service members and veterans. The huge draw for service members to utilize a VA loan is that it typically has a lower interest rate, there’s no down payment required, no cap on how much you…

It’s voted the best investment time and time again. Why? Consistent returns, long term appreciation, and the ability to control your own asset. 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…

If you’re looking to purchase a home in a more costly area, for example New York City or Hawaii, you may need a jumbo loan. A jumbo loan is a mortgage used to finance properties that are more costly than conventional ones. These products come with their own requirements, of course, along with some specific…

Adjustable Rate Mortgages, ARMs, typically allow you to lock in a lower introductory rate for a set period of time, after which your rate will adjust based on market conditions. Since you don’t know where the market will go after your initial introductory period, there is a bit of risk involved in going with an…

Interest rates change frequently because they are affected by many different economic factors – like inflation, the Federal Reserve’s rate, economic growth, and housing conditions. The interest rate offered to you is based on all that plus your downpayment amount, credit score, loan amount, debt-to-income ratio (DTI), and your overall financial situation. We are based…

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…