Archive for the ‘Blog’ Category

January 24, 2023

Resource Financial Expands North Carolina Service with New Mortgage Bankers

Resource Financial Services is pleased to announce the addition of nine new mortgage loan originators to our staff. These experienced mortgage bankers are each licensed in several Southeastern states and will be based in our Raleigh, NC and Wilmington, NC offices. “We are very excited to welcome these new mortgage bankers to our team. Their […]

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Family Opportunity Loan – A Mortgage For Your Aging Parents

January 19, 2023

Family Opportunity Loan – A Mortgage For Your Aging Parents

Now there is a way to give back to your elderly parents that is also an investment opportunity for you. Resource Financial Services is proud to offer Fannie Mae’s Family Opportunity Loan, which allows you to purchase a property for your parents if they cannot qualify on their own credit. If you are interested in purchasing a […]

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What Makes a House a Home?

December 22, 2022

What Makes a House a Home?

There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too. Home means something different to all of us. Whether it’s sharing memories with loved ones at the […]

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Key Advantages of Buying a Home Today

December 7, 2022

Key Advantages of Buying a Home Today

 There’s no doubt buying a home today is different than it was over the past couple of years, and the shift in the market has led to advantages for buyers today. Right now, there are specific reasons that make this housing market attractive for those who’ve thought about buying but have sidelined their search due to […]

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What’s Going on with Home Prices? Ask a Mortgage Professional.

December 7, 2022

What’s Going on with Home Prices? Ask a Mortgage Professional.

If you’re thinking about buying or selling a home this year, you may have questions about what’s happening with home prices today as the market cools. In the simplest sense, nationally, experts don’t expect prices to come crashing down, but the level of home price moderation will depend on factors like supply and demand in each local market. That means, moving […]

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Conforming Loan Limits Increase to $726,200

November 30, 2022

Conforming Loan Limits Increase to $726,200

The Federal Housing Finance Agency (FHFA) has announced its new conforming loan limits for 2023. The new maximum borrowing amount for conventional loans has increased to $726,200 from $715,000. Resource Financial is offering this new conventional loan limit beginning today to provide more opportunities for homebuyers.  Conforming loan limits are the maximum amount of cash […]

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What Happens to Housing When There’s a Recession?

October 25, 2022

What Happens to Housing When There’s a Recession?

Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. Part of that […]

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Resource Interest Rate Buydown

October 17, 2022

Resource Interest Rate Buydown

If you’ve been shopping for a home lately, you may have heard the term, “temporary buydown program.” What is this and how can it help you afford the home you want in today’s market? If you’re ready to buy but higher interest rates have you on the fence, the Resource Buydown* program could be a […]

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September 13, 2022

Resource Increases Conforming Loan Limits

Resource Financial is providing more opportunities for the American dream with the new increased conforming loan limits.  Conforming loan limits are increasing to $715,000 from $647,200 – that is a $67,800 increase from just earlier this year. What does this mean to me? You may be able to take advantage of a more affordable loan […]

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Is the Housing Market Correcting?

June 15, 2022

Is the Housing Market Correcting?

If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone needs to remember is […]

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