Streamlined FHA Refinance No Credit, Income or Appraisal Required!

Thanks to President Obama’s recent directive to HUD to reduce the PMI there are three million homeowners who can now refinance at today’s historic low interest rates without any credit, income, or appraisal requirements! The programs is designed to help North Carolina homeowners take advantage of a FHA Streamlined Refinance. According to HUD statistics, there are…


What is a My Community Mortgage?

According to research of the foreclosures during the past 7 years, chief among the cited reasons were lack of down payment, undisclosed debt by the buyers, reduced credit requirements, and unstable income. In response to greater accountability to Washington lenders tightened there criteria…too tight by most industry experts. Thankfully, however lenders are beginning to see…


What is a Charge Off?

FAQ – What is a Charge Off? A charge-off is an accounting term used for when a creditor writes off or charges-off a debt that they are unable to collect on. Creditors typically charge-off a debt if there is no payment on the account for more than 180 days. A charge-off is an accounting procedure…

Questions you really should be asking

Can I use Room Mate Income to Qualify for a Mortgage?

When a borrower with disabilities receives rental income from a live-in personal assistant, whether or not that individual is a relative of the borrower, the rental payments can be considered as acceptable stable income in an amount up to 30% of the total gross income that is used to qualify the borrower for the mortgage loan.

"The function of education is to teach one to think intensively an to think critically . Intelligence plus character - that is the goal of true education". Rev. Dr. Martin Luther King Jr.

5 Interesting Facts about Martin Luther King Jr.

This holiday, which occurs on the third Monday in January each year, was established to serve as a time for Americans to reflect on the principles of racial equality and nonviolent social change espoused by Dr. Martin Luther King, Jr. It took 15 years to create the federal Martin Luther King, Jr. holiday. Congressman John…