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Real Estate Finance in the AllCary.com network.

Check out NCSU-Rental.com if you are a NC State student looking for a great place to live near campus.

NCSU-Rental.com is a website for promoting high quality rentals, and open to any property owners in the Trailwood Hills, Trailwood Springs, Camden Forest neighborhoods near NC State. If you have a few high quality pictures of your property, I would be happy to post up a listing for your property.

This is only for property owners of detached homes (not condos or townhomes).

If you are interested in acquiring a property in one of the best cash flow neighborhoods in the Triangle area, send me an email and I will be happy to send you an extensive financial analysis based on my years of ownership in the neighborhood, plus the data of nearly a dozen other homes in the area.

There are a few key factors for a great home buying experience. One of them is to make sure you have an experienced, professional loan officer. Do you think it is important to have someone who is highly reputable, responsible and knowledgeable guiding you through one of the largest financial transactions in your life?

Here are 4 simple questions to ask your lender when you are shopping around. [Read more …]

Where is the Martini Factor? We missed our regularly scheduled episode due to a small problem with Homebanc. They closed.

When Kevin lands on his feet, we look forward to a summary of his thoughts surrounding the current state of mortgage finance, and how it can affect buyers, sellers, and everyone else in the industry.

Meanwhile, I want to relay a story of how Homebanc closing caused problems for a client of mine, and the amazing outcome.

A local real estate investor that we have worked with in the past had a closing for a rental property near NCSU - scheduled for last Friday. On the prior Tuesday, Kevin informed me of the bad news. By Friday, despite a valiant attempt to get something worked out with Countrywide, he wasn’t going to be able to get a loan closed.

As it turned out, the mother of the seller works for BB&T. She referred me to a co-worker and with every single person pulling out all the stops, the home closed escrow Monday evening at 4:30PM. That’s right - 1 business day. Big props to Cathy Ingram at BB&T in Cary, and Kevin for facilitating getting the paperwork over first thing Monday morning. Unbelievable.

To make it an even more amazing story, my client was scheduled for a 2 week vacation in Puerto Rico - and the plane left RDU (with him on board) this Tuesday morning at 9:30AM.

Hey Matt, you better have a Pina Colada for me!

Admin - Kevin Martini is one of our business partners at All Cary Real Estate. Kevin provides a consultative approach to real estate financing - it’s not just a loan, its an integral part of your overall lifelong investment portfolio. If you want unparalleled service, local support, and a highly competitive rate for your loan, give Kevin Martini a call at 919.274.3700 or visit his website - www.kevinmartini.com.

Kevin will be providing a weekly forecast for the economy in general and how it affects the world of real estate financing called Martini Factor.

Without further ado, here is the first Martini Factor.

The volatile Stock earnings season continues, and as if that weren’t enough, the economic calendar also holds several big potential market movers.

Lots of economic reports are due for delivery this week, including Tuesday’s look at the Fed’s favorite measure of inflation, the Personal Consumption Expenditure index, and wrapping up with a bang on Friday with the monthly Jobs Report. If the week’s inflation numbers meet or are lower than expectations while the data for the economy is worse than expected, Bond prices should continue their recent upward trend and home loan rates will improve. However, if the reports reek of inflation or an overheated economy, Bond prices could quickly lose their recent gains, and home loan rates will worsen.

[Read more …]