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What is a Bridge Loan?

Meghan Henderson Home Buyer Tips Leave a Comment

A bridge loan is a short-term loan, typically 6-12 months, that allows for payment of expenses while waiting for long-term financing. It acts like a “bridge” between two loans. In real estate, a bridge loan can cover expenses (closing costs, down payment, etc.) you would usually pay with the proceeds of your home’s sale to secure a mortgage on a …

If You Can’t Secure a Traditional Mortgage, Is It a Good Idea to Use a Private Lender?

Meghan Henderson Home Buyer Tips Leave a Comment

If you feel ready and excited to buy a home, being denied for a traditional mortgage can be incredibly frustrating. Conventional mortgages typically have income and credit score requirements that not everyone meets, and most lenders tend to be inflexible with these terms. After being denied for a conventional mortgage, you may consider working with […]

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“Should I Co-Sign a Mortgage?”

Meghan Henderson Home Buyer Tips Leave a Comment

If you have good credit and a low debt-to-income ratio, co-signing on a mortgage is a common tactic for helping a child, sibling, or other family member purchase a home when they normally wouldn’t be able to. However, there are some things to keep in mind when deciding if co-signing is a good option for you. After all, you will …

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Is the Government Shutdown Affecting Real Estate Sales?

Melanie Cameron General Real Estate Leave a Comment

 Realtor Melanie Cameron talks about how the government shutdown is affecting real estate sales and if home buyers and sellers should be concerned. Topics include FEMA flood policies, FHA home loans, VA home loans, and USDA home loans. If you have any questions about this or buying and selling real estate in the Greater Wilmington area, please don’t hesitate …

Stacking Coins in Hand

6 Simple Tasks to Help You Buy a Home in 2019

Meghan Henderson Home Buyer Tips Leave a Comment

The new year is coming, which means many people are thinking about everything they hope to accomplish during the next 12 months. If buying a home is a goal for you, there are a few things that can help improve your purchasing power in 2019. These are simple changes and additions to your existing routines (beyond the traditional saving money …

Melanie Cameron and Mark Vernon

What You Need to Know About Renovation Loans | Home Buyer Tips

Melanie Cameron Home Buyer Tips Leave a Comment

Realtor Melanie Cameron, Team Leader of The Cameron Team at Coldwell Banker Sea Coast Advantage, speaks with Mark Vernon of Guaranteed Rate about renovation loans. Home buyers and homeowners can benefit from these loans that allow for home repairs and renovations to be made. Watch the video to learn more. ***Important Info: If your home was in a federally declared …

You Want a Local Lender When a Natural Disaster Strikes

Meghan Henderson Home Buyer Tips Leave a Comment

In 2014, I wrote a blog called “6 Reasons Why You Should Use a Local Lender“, and we at The Cameron Team continue to stand by that business belief. Not every non-local lender is difficult or harmful to your transaction, but we continuously have better experiences overall with local lenders. To build on what was said in that original blog …