Eleanor's RTP Blog

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Mortgage and Lending - Equity Resources - NMLS 67179 Licensed in NC
Covering housing and economic trends of all points surrounding the RTP / RDU (Research Triangle Park), including the major markets of Cary, Holly Springs, Raleigh, Wake Forest, Chapel Hill, Durham and Johnston County.
RECENT BLOG POSTS
You probably aren’t making Student Loan Payments right now.  Nobody is.  The Government put Student Loan Debt in a deferment, and you don’t have to make payments in 2022.  But maybe you should be making payments.  We take questions on this Blog, and we’ve been asked, “Do Mortgage Lenders Look at ...
08/24/2022
We’ve done several loans for folks this year who wanted to purchase a home near Fort Bragg, but needed Down Payment Assistance in Raeford NC.  Several of them talked to Rocket Mortgage, but had a difficult time coming up with closing costs and a down payment… Not everyone living in that area, aft...
08/18/2022
Your credit score is made up of several things. I’m going to give you some examples, based upon the weighted average of how it will impact your score, of things you can do to improve your credit score.  Obviously, my hope is that you will use this information to raise your credit score and buy a ...
08/05/2019
I don’t normally write about this sort of thing – but I think we need to have a quick “fire side chat.”  By that, I mean that I think it’s important for you to know what’s really happening over here in Mortgage World, behind the curtains… and I want to suggest that right now, more than at any oth...
07/31/2019
Someone asked me to write a Real Life Example of people who bought a house. We close over 50 loans most months, so that’s a pretty wide open request.  I’m going to take 3 real life examples of what some folks did to buy a house and see if that helps.  I chose to write about First Time Home Buyers...
04/12/2019
Many home buyers in NC are trying to figure out just how much cash they are going to need to buy a house.  Two years ago, it wasn’t as big a question, because you could use no down payment programs (literally not needing any money for a down payment) and then you could get the Seller to pay closi...
10/05/2018
Western Wake County, especially the areas closest to Fayetteville, are growing like wildfire. Not surprising, you can benefit from a home that’s located in “small town USA” with award winning schools!  Fuquay Varina and Garner are two cities that have benefited from this unique location.  Unfortu...
08/25/2018
We work with many people who are qualified for a mortgage some where else (Rocket Mortgage for instance) but call us because they need help with the down payment or closing costs.  In most cases these days, Sellers are not willing to take a contract that requests closing cost be paid by them.  Be...
08/14/2018
In North Carolina, we don’t have a ton of properties that are sitting in a high risk of flood, but there are some properties in almost every county, with a particular concentration in the Eastern part of the State.  In some cases, the whole lot is not in the flood plain, only a portion of the lot...
07/31/2018
FHA Appraisers have certain requirements that go above those required of a Conventional Appraiser.  Because of that, FHA Appraisals are more detailed, and are usually at least $50 or more expensive. Structural Requirements for FHA Loans means that the Appraiser must note that the Utilities are on...
06/27/2018
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Eleanor Thorne

Equity Resources 919-649-5058
local_phone(919) 649-5058
smartphone(919) 649-5057
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