Mortgages in Wake County NC

With the anxiety in the financial markets recently, I am writing to share some good news.  I was recently awarded the Lending Integrity Seal of Approval from the National Association of Mortgage Brokers (NAMB).  This means that I have met the association's high standards for ethics, integrity and dedication. 

I couldn't buy or receive it just by joining the association; I had to earn it.  In fact, I am the first loan officer in the Triangle and one of the very few in North Carolina that has met the strict requirements set by the NAMB.  I did so because I understand that the success of my business rests upon a  foundation of professionalism, education and service. 

To obtain the Lending Integrity Seal of Approval, a mortgage broker or loan officer must:

•  Possess a current state license or registration
•  Pass a national criminal background and credit check
•  Submit three mortgage industry business references
•  Complete yearly professional education, including ethics training
•  Pass an examination on federal and state mortgage regulations
•  Adhere to NAMB's Code of Ethics and Standards of Business Practices
•  Pledge to abide by NAMB's formal ethics grievance review process

This sets the highest national standard in the mortgage lending industry and I am proud to have earned it.  The rigorous validation process assures consumers that they are working with a responsible lending professional and during these challenging times, that is more important than ever. 

To read the full press release, visit:

Triangle Business News   &   Carolina News Wire

To learn more about the Lending Integrity Seal, email me or visit:

www.LendingIntegrity.org

______________________________________________________

Roland Carrillo, PhD
Branch Manager
VanDyk Mortgage in Cary, NC
Email: rjcarrillo@gmail.com
Website: http://www.mymortgageanalysis.com/ 

Our branch specializes in affordable lending options including FHA / VA and the Community Heros program.  As both a banker and a broker, you have access to a full menu of products including all Fannie Mae and Freddie Mac Conforming loans, Reverse, Jumbo and Commercial financing on a variety of property types.  We are located in Cary, North Carolina and are within easy reach of the entire RTP Area including Wake, Durham and Orange Counties.

After being seized by the federal government last month, Fannie Mae and Freddie Mac are canceling fee increases that were scheduled to go into effect this month. Both companies had announced plans to increase fees on all loans by 0.25%. These increases were planned as the organizations struggled to stabilize their finances over the last year.

Fannie Mae made the announcement last Thursday and Freddie Mac followed soon after. However, Freddie Mac will raise fees for some high risk loan products next year. They will also increase the requirements for low down payment loans, but will keep financing these types of mortgages.

Freddie Mac said the changes would provide "some relief from the challenges in the current market environment". In the last year, both Fannie and Freddie have increased several fees as well as the requirements such as down payments and credit scores borrowers must have. Fannie Mae Chief Executive Herb Allison also stated they are "evaluating all of our risk-management, underwriting guidelines, pricing and costs."

This is great news for consumers that are considering buying or refinancing a home. For example, on a $200,000 home it will save borrowers $500.

______________________________________________________

Roland Carrillo, PhD
Branch Manager
VanDyk Mortgage in Cary, NC
Email: rjcarrillo@gmail.com
Website: http://www.mymortgageanalysis.com/ 

Our branch specializes in affordable lending options including FHA / VA and the Community Heros program.  As both a banker and a broker, you have access to a full menu of products including all Fannie Mae and Freddie Mac Conforming loans, Reverse, Jumbo and Commercial financing on a variety of property types.  We are located in Cary, North Carolina and are within easy reach of the entire RTP Area including Wake, Durham and Orange Counties.

Its that time of year again, the Parade of Homes!  For three weekends, the 43^rd Annual Parade of Homes will feature 394 new homes throughout Wake County that you can visit for free. 

October 4-5, 10-12 & 17-19
12 pm to 5 pm

Tour books with maps can be found at various locations in the Triangle or you can view the homes online to see more information and search by criteria such as price range, city or home features.

The Parade of Homes is brought to you by the Home Builders Association of Raleigh and Wake County.  The parade lets you see the latest products, features, decorating and technology at your leisure.  Homes are priced from $125,000 to over $3,000,000 and in many different styles and subdivisions.  It is a great and fun experience and I enjoy it every year. 

______________________________________________________

Roland Carrillo, PhD
Branch Manager
VanDyk Mortgage in Cary, NC
Email: rjcarrillo@gmail.com
Website: http://www.mymortgageanalysis.com/ 

Our branch specializes in affordable lending options including FHA / VA and the Community Heros program.  As both a banker and a broker, you have access to a full menu of products including all Fannie Mae and Freddie Mac Conforming loans, Reverse, Jumbo and Commercial financing on a variety of property types.  We are located in Cary, North Carolina and are within easy reach of the entire RTP Area including Wake, Durham and Orange Counties.