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Are you looking for the new first time home buyer tax credit? I’ve got good news for you! It exists and it’s called the Mortgage Credit Certificate (MCC). Most every state has some form of the Mortgage Credit Certificate. Here are the details of how the program works in North Carolina. The Mortgage Credit Certificate [...]
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Heritage in Wake Forest is an amazing community. There’s the golf course, the 2 swimming pools, the tennis courts, the walking trails. And of course there are some really great, custom built homes too. If living in an award winning, master planned community is appealing, and you would like a maintenance free, easy-living townhome full [...]
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FHA has announced that it will increase the annual Mortgage Insurance Premium (MIP) for the second time in six months. The last increase was in Oct of 2010 and resulted in a $58 monthly increase in the payment amount on a $200,000 loan amount. In October the up front portion of MIP decreased by about $2,500 for the same [...]
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Rising interest rates could be the wild card that spoils your chance to get a good deal on your next home purchase. Getting the absolute lowest price on a new home is important, but getting a low payment and total interest paid should be considered as well. I’ve heard a few potential home buyers say [...]
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The sales tax in North Carolina is made up of a fixed state rate and local (city or county) rates. There are also special use taxes that are added to these amounts to obtain the sales tax rate in certain purchase situations. The North Carolina state sales tax rate is currently 5.75%. If you live [...]
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So how many buyers are paying cash for properties? According to the National Association of Realtors 28% of all residential sales in 2010 were cash deals. Is that a large percentage? Oh yeah! For instance, in October 2008 only 14% of home purchases were cash. Those are national numbers. And look where the really big volumes of [...]
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