First-Time Home Buyer Credit Checklist

March 7, 2014 by · Leave a Comment

Getting a new mortgage for a First-Time Home Buyer can be a little overwhelming with all of the important details, guidelines and potential speed bumps. Since there are so many rules and steps to follow, here is a simple list of Do’s and Don’ts to keep in mind throughout the mortgage approval process: DO: Continue […]

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Making Sure Your Cash-To-Close Comes From The Proper Source

March 7, 2014 by · Leave a Comment

Providing proper asset documentation and the actual source of the funds is a critical element of the loan closing process. There’s nothing worse in a real estate purchase than making it all the way through the hoops and hurdles just to have a loan denied after the final documents have been signed due to the […]

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Seven Things Your Agent Should Know About Your Mortgage Approval

April 1, 2010 by · Leave a Comment

While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied. New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property type, HOA […]

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Where Does My Earnest Money Go?

March 28, 2010 by · Leave a Comment

Hey, I gave my real estate agent a $5000 Earnest Money Deposit check… Where does that money go? A basic and very obvious question that most First-Time home Buyers ask once their purchase contract gets accepted. According to Wikipedia: Earnest Money – an earnest payment (sometimes called earnest money or simply earnest, or alternatively a […]

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Renting vs Buying A Home

March 28, 2010 by · Leave a Comment

Buying a home versus renting is a big decision that takes careful consideration. While there are several biased sources that can make arguments for or against owning a home, we’ve found that most home buyers base their ultimate decision on emotion. Yes, there are some tax advantages of owning real estate, as well as the […]

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Understanding the FHA Mortgage Insurance Premium (MIP)

March 28, 2010 by · Leave a Comment

* Disclaimer – all information in this article is accurate as of the date this article was written * The FHA Mortgage Insurance Premium is an important part of every FHA loan. There are actually two types of Mortgage Insurance Premiums associated with FHA loans: 1.  Up Front Mortgage Insurance Premium (UFMIP) – financed into […]

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Talk the Talk – Know the Mortgage Lingo at Closing

March 28, 2010 by · Leave a Comment

What the heck are they talking about? Many borrowers go through the closing process in a haze, nodding, smiling, and signing through a bunch of noise that sounds like Greek. Even though you may have put your trust in your real estate and mortgage team, it helps to understand some of the terminology so that […]

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How Do Mortgage Companies Value A Property That Has Not Been Built Yet?

March 28, 2010 by · Leave a Comment

It’s obviously easier to picture the process of estimating value on an existing property in a neighborhood that has a history of home sales, but the task of determining the value on new construction projects does pose some challenges. Appraisals on homes that haven’t been built yet generally require the contractor and home buyer to […]

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HOA Hurdles to be Aware of When Looking at New Properties

March 28, 2010 by · Leave a Comment

A Home Owner Association (HOA) can have a huge impact on your life when you buy a home in a PUD (Planned Unit Development) or Condominium Project. According to Wikipedia: A homeowners’ association (abbrev. HOA) is an organization created by a real estate developer for the purpose of developing, managing and selling a development of […]

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Assembling Your Home Buying Team – Knowing The Players

March 28, 2010 by · Leave a Comment

Buying a new home is literally a team sport since there are so many tasks, important timelines, documents and responsibilities that all need special care and attention. Besides working with a professional team that you trust, it’s important that the individual players have the ability to effectively communicate and execute on important decisions together as […]

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  • Donald Barry Owens - NMLS # 98786 | NC # I-117129 | VA # MLO-22610VA
    Corporate NMLS ID 200719 | NMLS Consumer Access | Branch NMLS ID 1106824 | Don.Owens@hgfloans.com
    Mortgage loans do not have to take forever. Our team will help you get your loan closed smoothly and quickly. Why Close on Time... When You Can Close Early?
    Contact me or my team anytime you have questions about a North Carolina Mortgage Loan. We will be honored to assist you.

    Hamilton Group Funding
    204 Muirs Chapel Road # 100-L
    Greensboro, North Carolina 27410

    We are located in the Triad area and serve the Communities of Greensboro, Winston-Salem & High Point.
    Proudly providing a variety of Mortgage Loan Options to the State of Virginia and North Carolina