Eleanor's RTP Blog

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Mortgage and Lending - Steve Thorne NC Mortgage Experts
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.

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2008 

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Many first time homebuyers are looking at past generations for help coming up with a downpayment.  FHA now requires a 3.5% downpayment (effective October 1, 2008) and the downpayment assistance programs (as of today) will disappear.  Fortunately, FHA allows for gift money!  The gift needs to come...
08/25/2008
We all know that FHA is going to require 3.5% downpayment in a few weeks (January 1) - but did you know that in some circumstances they also require the borrower to have two months of cash reserves? If a borrower is applying for FHA financing and is relying on a NTMCR, (nontraditional credit), FH...
08/25/2008
I guess it's kinda' like the Rain when you first get started - but the Trulia Voices Blog (I think it started today???) was not intuitive to me.  It took 8 times to post, and it still doesn't really look right.  There are no keywords???  I'm not an SEO genius - so can somebody tell me how folks f...
08/25/2008
Maybe it's the economy, or maybe it's just a cycle... but we've talked to a TON of people lately who are contemplating divorce. If you're going through this, you have major decisions infront of you - and one of the most important could involve your "assets."  One of my favorite Realtors says, "on...
08/20/2008
In November of 2003, a student from Sawtooth School for Visual Arts in Winston Salem, NC posted flyers requesting pictures from Veterans of the Vietnam War.  What resulted is AMAZING! Last Sunday we went to the NC Museum of History and spent well over an hour just looking at "A Thousand Words," w...
08/18/2008
The Realtor Review (a monthly publication of the Raleigh Regional Association of Realtors) highlighted a new website that looked interesting, and as I pulled it up I was THRILLED.  The site, www.PreservationTriangle.com gives people the opportunity to share "experiences, stories and photographs" ...
08/06/2008
Cary, North Carolina is the proud home of the USA Baseball Training Facility - and we've watched some GREAT baseball there.  The training facility not only has great fileds, but it adjoins a Cary (city) Park that includes soccar fields and basketball courts.  Every year - more than 50 families ho...
08/04/2008
Wake County Public School System has a really neat program that encourages Business Involvement in the School.  It's called the BELC. According to the WCPSS Website: The BELC is composed of over 500 Triangle area businesses that are in long-term relationships with a specific middle or high school...
08/01/2008
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Eleanor Thorne

Cary Mortgage Loans 919-649-5057
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