Category Archives: Wilmington NC Mortgages

FHA Loans explained

Who is the FHA? FHA stands for the Federal Housing Administration which is part of the U.S. Department of Housing and Urban Development.  The FHA was created as part of the National Housing Act of 1934.  The FHA insures loans … Continue reading

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VA Loans

In 1944, near the end of the second World War, President Franklin D. Roosevelt enacted the Servicemen’s Readjustment Act.  This is what we know today as the GI Bill of Rights.  This act provided veterans with a federally guaranteed home … Continue reading

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Historically Low Mortgage Rates part 1 – First Time Home Buyers

This week, mortgage interest rates have dipped down once again to historic lows. A thirty year fixed rate mortgage for a client with a 740+ credit score (and other qualifying factors) can be as low as 3.625%.   So what … Continue reading

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Moorings Column 09-17-12

Hello and welcome to this week’s edition of Moorings, your source where local and national mortgage and real estate news meet. As always, let’s first take a look at interest rates which have again remained unchanged from last week. A … Continue reading

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Moorings Column 10-08-12

Hello and welcome to this week’s edition of Moorings, your source where local and national mortgage and real estate news meet. Interest rates have risen slightly from last week to an average of 3.625% for a conventional thirty year fixed. … Continue reading

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Moorings Column 10-01-12

Hello and welcome to this week’s edition of Moorings, your source where local and national mortgage and real estate news meet. As we do each week, let’s first take a look at interest rates and any movement from last week. … Continue reading

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Moorings Column 09-24-12

Hello and welcome to this week’s edition of Moorings, your source where local and national mortgage and real estate news meet. As we do each week, let’s first take a look at interest rates and any movement from last week. … Continue reading

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Top 10 Do’s & Don’ts During The Loan Process

DON’T APPLY FOR NEW CREDIT OF ANY KIND – If you receive invitations to apply for new lines of credit, don’t respond. If you do, that company will pull your credit report and this will have an adverse effect on … Continue reading

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April 9th Moorings Column

Hello and welcome to this week’s edition of Moorings, your source where local and national mortgage and real estate news meet. I hope everyone had a wonderful Easter holiday and enjoyed some quality time with friends and family. To start … Continue reading

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November 14th Moorings Column

Hello and welcome to this week’s edition of Moorings, your source where local and national mortgage and real estate news meet. To start off, let’s look at interest rates. So far this week we are up only an eight of … Continue reading

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