Until recently the choice between PMI, private mortgage insurance, or a second mortgage to assist you in getting a loan if you did not have a 20% down payment was easy.The historic low interest rates and healthy tax benefits from of piggyback loans (a second mortgage to finance a down payment) us
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01/28/2008
Tuesday evening the Orange County NC Board of Commissioners approved a resolution for an agricultural easement from the Breeze family in northern Orange County. Colonel Breeze, who has owned the property since 1947, worked with Rich Shaw of the Orange County Land Legacy program to get 141 acres
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01/17/2008
Lush Price Growth, Still Affordable. That was the headline on a feature in the December 2007 issue of Money magazine. It sited ten metropolitan areas that still had price growth. Three were in North Carolina, the Triangle area (Chapel Hill/Pittsboro/Raleigh), Charlotte and Asheville.
01/10/2008
Jumbo loans continue to be more expensive. What's more qualifying for them is more onerous. A local lender informed me part of the issue is, typically, those seeking a jumbo loan have often had no documentation of income or are reluctant to share finacial information. That just is not going to
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01/10/2008
A local appraiser has this to say about our market. " Looks like the Chapel Hill/Carrboro area is doing well. Values continue to climb and foreclosures are almost non-existent. The same cannot be said for Durham. They have a lot of foreclosures and I am worried it will affect the value of all
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01/10/2008
Happy New Year. I spoke to one of my favorite lenders, Jennifer Foster at Suntrust Bank in Chapel Hill/Carrboro, and asked her about loan requirements for my buyers this year. I was especially concerned that first time buyers were going to have to amass huge down payments because of the credit
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01/04/2008
