Home Purchase w/ Remodel Loan
Home Purchase w/ Remodel Loan. Basic understanding of our remodeling loan process is a good way to get plugged into what is required from you the homeowner during the process of the loan.
The First-Time Homebuyer Tax Credit
Existing home sales jumped 7.2% in July - the biggest monthly gain on record. First-time homebuyers are purchasing about one third of all homes sold. This is largely due to the tax incentive, interest rates hovering at historic lows and housing affordability at its best level in more than a decade.
Financial News - 08.25.09
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Existing home sales rose 7.2% in July to a seasonally adjusted annual rate of 5.24 million units from a revised level of 4.89 million units in June.
July marks the fourth consecutive monthly increase in existing home sales and it was the largest monthly gain since recordkeeping began.
The National Association of [...]
Changes to the Truth in Lending Act
Changes to the Truth in Lending Act:
What You Need to Know!
Regulation Z of The Truth in Lending Act (TILA) has undergone important changes that you need to know about when talking to your clients.
Economic Update 07.27.09
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On Monday, July 20, the Conference Board reported that its index of leading economic indicators rose 0.7% in June after a revised 1.3% gain in May.
It was the third straight monthly increase and an indication the recession might be nearing an end. Economists had expected an increase of 0.4%.
According to the ICSC-Goldman Sachs [...]
Extra Extra! Great News!
Todd Duncan Joins Prospect Mortgage as Chief Performance Officer - Prospect Mortgage (www.MyProspectMortgage.com) has announced that Todd Duncan, a renowned motivational speaker, sales trainer and best-selling author, has joined the company to lead a comprehensive sales, leadership and time management training program designed to drive its national sales team to the highest performance level in the industry.
By the Numbers - Economy that Effects Mortgage
So here’s the skinny, signals were mixed. Economic indicators were up and housing starts are very low and the big question still remains, “when will housing recover and what will it look like when it does recover?” We’ll be here to walk you through it every step of the way. Here are the numbers.
The Conference [...]
Charlotte Mortgage - Economic Update 05/17/09
On Tuesday, May 12, according to the ICSC-Goldman Sachs index, store sales rose 0.3% in the week ending May 9 compared to the previous week. Compared to a year ago, retail sales were up 0.5%. That is the best year-over-year reading since late November 2008.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage [...]
Quit Claim Deed vs. Warranty Deed
A Difference Indeed
A quit claim deed is the legal way that one person (the grantor) transfers real property, such as a house or land, to another person (the grantee). As an example, a divorcing husband may quit claim his interest in certain real estate to his ex-wife. While the concept is simple and straightforward — [...]
Frequently Asked Questions
Here are some of the questions we asked most often. Click on the link to see the answer. Please call me if you have any other questions.
I am currently renting, how do I determine if I can afford to buy?
To determine if it makes financial sense to buy, compare the cost of renting to the [...]
