Da ADR BLOG

Raleigh, NC (PRWEB) June 06, 2014

Andy May, the mortgage expert, explains how consumers can avoid the ultimate mortgage rip-off: paying the bank $500 and getting denied. What loyal customer wants to be thanked by getting charged for a denial (particularly when the consumer can call ADRMortgage.com to avoid such abuse)?

Celebrating 10 years (10 years without a single BBB complaint) in business, Andy May, owner ofADRMortgage.com, uncovers the easiest way to make sure the consumer doesn't cough up $500 to be denied for a mortgage. It's simple, don't pay an application fee. Let me repeat, do not pay an application fee. If the consumer's bank charges one, run. Don't walk, run. In 2012, according toMarketwatch, the bank with the most denials is Wells Fargo.

According to AnnaMaria Andriotis's September 28, 2013 article, "The top 10 largest mortgage lenders rejected over 100,000 consumers." Interestingly, at ADRMortgage.com - there are no upfront fees for applications. So, why pay one when the consumer doesn't have to? Even if only 50% of those applications came with a $500 application fee (upfront) consumers would have flushed $50 million dollars down the toilet. Contact ADRMortgage.com to avoid upfront junk fees."

The story goes on to state that some of the top ten banks in the country experienced denial/rejection rates as high as 1 in 3 mortgage loan applications in 2012. Data takes a while to be collected so these rates are sure to come down. But even if the denial rate is 25%, that's still too high when the consumer pays $500 to get rejected.

These tactics are often times used when building a new home. The down-payment may become part of the profit to the builder. And unsuspecting consumers lose hard earned down payment money. The one thing that a new home buyer needs more than anything is unbiased advice from a mortgage expert. Andy May, the mortgage expert, can help consumers avoid the loss of down payment when building a new home.

These are reasons why consumers should work with trusted, licensed, mortgage brokers. As the consumer's fiduciary the mortgage broker looks out for the consumer. At ADRMortgage.com there are no upfront fees charged. Period. Not even for the credit report. Good old fashioned customer service, and no BBB complaints ever to date. We take care of the client, it's the way ADRMortgage.com has always done it.

Get the most value out of a home sale or purchase by working with licensed professionals that have significant experience. Why risk your biggest asset to an 18 year old unlicensed person at a bank or credit union (these "loan officers" are often times unlicensed, although afforded lofty titles)? Find additional information from Andy May at Andy May's blog. ADRMortgage.com was founded by Andy May in 2005. Refinance, Purchase, VA, FHA, and nearly every loan product - for additional information, please go to http://www.adrmortgage.com or contact Andy May directly. License number 103418.


Posted by Andrew Walter May on June 16th, 2014 3:09 PMPost a Comment (0)

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Raleigh, North Carolina (ADRmortgage.com)

As many readers have seen, ADRMortgage.com supports many local charities. While we aren't IBM (a great company that makes massive donations to charities), we do try to make a difference. 

Please join CAM Raleigh as our newest innovative art takes form. For more information please go to http://www.thewanderbox.com/

CAM Raleigh is a cool place to be. Many readers have asked that I post some pictures from the most successful CAM Raleigh fund raiser ever (we netted almost $100,000 last month). I've attached one that shows a seafood station. The pink slabs on the right of this picture are actually made of salt. I recently read the book, Salt, and highly recommend it. This is the color that salt used to be prior to the 1600s when humans were sold on purity - and the "dirt" was removed for what we have now - white salt.

Interestingly, salt was mined in upstate New York, near Buffalo for many many years through the mid 1800s. Then, the largest U.S. deposits of pure salt were discovered. Where? Take a guess. Under the city of Detroit. If you have have a chance to visit Detroit, take the tour. Let me know what you think and send pictures. I haven't seen the tour yet.

Remember, regardless of the organization you support - everyone counts. CAM Raleigh is only $50 a year to join. 
Andy May


Posted by Andrew Walter May on June 13th, 2014 8:21 AMPost a Comment (0)

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ADRMortgage takes the lead sponsor role in supporting Triangle Tennis at the highest levels. Teams that ADRMortgage sponsors include North State Bank, Raleigh Orthopedics and others....

2014 ADRMortgage Raleigh Pro League

We welcome ADRMortgage as our Title Sponsor for this year.  2014 promises to be an exciting year for the Raleigh Pro League.  A 4th team was added to the league and two new match sites are on the schedule.  The player draft was held on April 24 and this may be the most talented group of players in the history of the league.  Returning teams include last year's champion White Dahlia, playing out of North Hills Club, and runner-up Brier Creek Orthodontics, playing out of Brier Creek Country Club.  Team North State Bank entered the league playing their home matches at The Raleigh Country Club.

Read more: 2014 ADRMortgage Raleigh Pro League




Posted by Andrew Walter May on June 5th, 2014 11:56 AMPost a Comment (0)

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Raleigh, North Carolina (PRWEB) May 30, 2014

 

Best Raleigh Relocation Services package provided by two experts on Triangle housing. When thinking about relocating to the Raleigh, North Carolina area (the Triangle) what should be the important factors and which data will be used to confirm the perfect home purchase? To start with, location is the most important factor. But what does that mean?

Location means schools. Which schools have the best k-12 scores? When Andy May first moved to North Carolina this data wasn't available and the relocation buyer would ask their Realtor. Now, that data is available. While costly, the consumer can access it through trusted and licensed professionals like Lynn Furr and Andy May, the mortgage expert.

Location also means knowing where home prices are rising and/or where land is plentiful and will remain that way. Where are the hot-spots for shopping, sampling great specialty shops (like Lafayette Plaza), and/or having a great meal. And of course, crime statistics. Many Realtors will simply talk in generalities. "Oh, my children got a great education there". And then of course, the next question is where did junior go to college? Test scores, housing data, and trusted professionals that are licensed (right now banks and credit unions are not required to hire licensed loan officers) is the best way to go.

Find the best Triangle Realtor and the best mortgage expert by searching the history of the buyer's options on google. Check out past experiences and longevity in the business. If, like Andy May, there are zero BBB complaints ever to date (that spans nearly 25 years) then the consumer is in a trusted relocation relationship.

Don't be fooled by relocation services that discount the Realty fee and give the consumer 1/2 back. Call Lynn Furr at 919 306 0018 or Andy May at 919 771 3379.

Get the most value out of a home sale or purchase by working with licensed professionals that have significant experience. Why risk your biggest asset to an 18 year old unlicensed person at a bank or credit union (these "loan officers" are often times unlicensed, although afforded lofty titles)? Find additional information from Andy May at Andy May's blog. ADRMortgage.com was founded by Andy May in 2005. Refinance, Purchase, VA, FHA, and nearly every loan product - for additional information, please go to http://www.adrmortgage.com or contact Andy May directly. License number 103418.


Posted by Andrew Walter May on June 2nd, 2014 4:06 PMPost a Comment (0)

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Raleigh, North Carolina (PRWEB) May 22, 2014

 

April 2014 data point to continued short supply of housing stock in the Research Triangle (Raleigh, Durham and Chapel Hill), as Andy May, the mortgage expert, and Irene Higginson, Realtor, explain the data. Raleigh-Durham-Chapel Hill continues to be a Sellers' Market. As predicted over the last year, home prices are gapping northward in Wake County, up 6.8% year to date through April (median home prices) 2014.

With a housing supply that has fallen to just 4.4 months (up from 3.5 months in January), according to Triangle MLS, this top relocation market will see home prices continue to rise.

Interestingly, due to the bad weather Raleigh experienced (nothing like New York, Chicago, and other frozen tundra areas), there was a slight increase in housing stock supply to 4.4 months from 3.5 months in January. As expected, during the run-up to spring (April) additional homes were listed - but not as many as expected causing a 2.1% decline in the year to date housing stock. Year over year data indicate a 13% reduction in housing stock from 5.1 months to 4.4 months through April 2014.

Here's the additional data: 
Unit home sales in Wake county are up +1.4% year to date through April 2014. Irene Higginson, Realtor, can provide neighborhood level data when looking more specifically. Additionally, average home prices are rising rapidly. April 2014 home prices are up 4.7% compared with the same period last year (median). The percentage off original list price that a home sells for in Wake County has also risen to 98.2% April 2014; indicating that sellers are getting closer to the original list price (up from 97% at the beginning of the year).

While all this is interesting, what about the future housing stock and unemployment rates in Wake County? Wake County has a super-low housing stock supply of 4.4 months (aka a "Sellers Market").

Couple the housing stock numbers with job growth (and unemployment) and future home prices can be predicted with relative accuracy. According to the Bureau of Labor, despite North Carolina's 2.2% drop to 6.2% unemployment rate - North Carolina ranks as the 30th lowest state in the country. However, the Triangle has some of the lowest State unemployment levels approaching the 5% number (which is approximately 17th if Wake County were compared to states).

Triangle residential home price appreciation should continue to follow a low overall unemployment rate with a short supply of housing stock. Durham and Chapel Hill data can be requested by contacting Andy May, the mortgage expert.

On the National front, the home price market has corrected to within 15% of the 2008 peak. Home prices nationwide are back to 2004 levels and have another 15% to go before hitting the all-time high level of 2008. Nationally, home prices are up 13% year over year and over the last five years they are up 2.8% per year (better than savings rates for sure).

For more information on mortgage loans, call ADRMortgage.com at 919 771 3379 or visit ADRMortgage on the web. Irene Higginson, Realtor, states, "The Triangle has remained a top 5 relocation market due to excellent schools, outdoor activities, and a big city life style at country prices."

Get the most value out of a home sale or purchase by working with licensed professionals that have significant experience. Why risk your biggest asset to an 18 year old unlicensed person at a bank or credit union (these "loan officers" are often times unlicensed, although afforded lofty titles)? Find additional information from Andy May at Andy May's blog. ADRMortgage.com was founded by Andy May in 2005. Refinance, Purchase, VA, FHA, and nearly every loan product - for additional information, please go to http://www.adrmortgage.com or contact Andy May directly. License number 103418.


Posted by Andrew Walter May on June 2nd, 2014 4:03 PMPost a Comment (0)

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Andy May - Giving Blood to the American Red Cross for 33 years.


Boston Marathon Hero
 
Thanks to our generous volunteer blood donors, the American Red Cross was able to send 600 blood products, including 88 platelets, to Boston area hospitals in response to the Boston Marathon tragedy. Your commitment to helping save lives makes all the difference in emergency situations.
  
In April 2013, MBTA Transit Police Officer Richard “Dic” Donohue, Jr. was shot in an intense gun battle with the Boston Marathon bombing suspects.

Posted by Andrew Walter May on April 25th, 2014 10:11 AMPost a Comment (0)

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ADRMortgage.com recently supported the following press release for CAM Raleigh (The Contemporary Art Museum of Raleigh, North Carolina). Andy May is a CAM Raleigh board member and contributor. Please join us as we celebrate the children of Wake County at our annual fund raiser this April 19th and enjoy the below press release. Thank you.
Andy May  

Raleigh, North Carolina (PRWEB) April 19, 2014
 
On May 9th, CAM Raleigh's signature fundraiser - Arthouse - will be a smashing downtown party! CAM Raleigh hopes that the public will join this massive party this year as hosts and/or participants for the 3rd annual Arthouse. The party is Friday, May 9 and will start at 7pm with a VIP hour exclusively for hosts. Host committee tickets are $500 per couple/$250 individual. Tickets can be purchased for less for participants.http://www.camraleigh.org or Gab Smith 919 417 4107.
The evening features exciting cocktails, impressive food by star chef Scott Crawford (google him, he's that good), incredible music and the opportunity to bid on a super-cool collection of unforgettable art and cultural items. All proceeds benefit CAM Raleigh's acclaimed exhibitions and transformative education programs. Join the CAM Raleigh board for an evening of joy as we celebrate the Arts - and the impact CAM Raleigh has on the children of Wake County.
There will also be other fantastic surprises you won't want to miss! Please be a part of this extraordinary evening. As hosts, all you have to do is invite your friends and colleagues to the party - and more importantly, you will help CAM Raleigh remain a major force economically and creatively in our great city.
Get details and host/participant tickets here: http://camraleigh.org/arthouse2014/.
Please let Gab Smith know if you have any questions.
We can't wait to see the public there! PS- Corporate Sponsorships are available as well: · $1000 sponsorship receives name recognition on the invitation and the website, as well as 2 tickets to the event. · $2500: same as above, plus 4 tickets to the event. · $5000: same as above, plus 8 tickets to the event. For more information and to sign up for corporate sponsorship, please call Marjorie Hodges: 919.414.3009. Thank you.

Posted by Andrew Walter May on April 22nd, 2014 3:14 PMPost a Comment (0)

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Raleigh, North Carolina (PRWEB) April 05, 2014
 
February 2014 data point to continued short supply of housing stock in the Research Triangle (Raleigh, Durham and Chapel Hill), as Andy May, the mortgage expert, and Lynn Furr, Realtor, explain the data. Raleigh-Durham-Chapel Hill continues to be a Sellers' Market. As predicted over the last year, home prices are gapping northward in Wake County, up 11.8% year over year through February (median home prices) 2014.
With a housing supply that has fallen to just 3.8 months, according to Triangle MLS, this top relocation market will see home prices continue to rise. Interestingly, due to the bad weather Raleigh has experienced (nothing like New York, Chicago, and other frozen tundra areas), there was a slight increase in housing stock supply to 3.8 months from 3.5 months in January. As expected, during the run-up to spring (March) additional homes were listed and about 300 extra homes caused the housing supply to extend to 3.8 months. This number is low by any standard, except looking at it from January to February of 2014. Year over year data indicate a 25% reduction in housing stock from 5.1 months to 3.8 months.
Here's the additional data: 
Unit home sales in Wake county are up +5.6% in February 2014 compared to February 2013. Lynn Furr, Realtor, can provide neighborhood level data when looking more specifically. Additionally, average home prices are rising rapidly. February 2014 home prices are up 11% compared with the same period last year (median). The percentage off original list price that a home sells for in Wake County has also risen to 97.5% February 2014. Indicating that sellers are getting closer to the original list price. 
While all this is interesting, what about the future housing stock and unemployment rates in Wake County? Wake County has a super-low housing stock supply of 3.8 months (aka a "Sellers Market").
Couple the housing stock numbers with job growth (and unemployment) and future home prices can be predicted with relative accuracy. According to WRAL, the Triangle has some of the lowest State unemployment levels. This site has a color-coordinated map that easily illustrates that future job growth is around the counties of the Triangle area (Wake county unemployment is down to the upper 5% range).
Triangle residential home price appreciation should continue to follow a low overall unemployment rate with a short supply of housing stock. Durham and Chapel Hill data can be requested by contacting Andy May, the mortgage expert.
On the National front, we turn to Case Schiller indices to see where the home price market has corrected to within 25% of the 2008 peak. Home prices nationwide are back to 2004 levels and have another 25% to go before hitting the all-time high level of 2008.
For more information on mortgage loans, call ADRMortgage.com at 919 771 3379 or visit ADRMortgage on the web. Lynn Furr, Realtor, states, "The Triangle has remained a top 5 relocation market due to excellent schools, outdoor activities, and a big city life style at country prices."
Get the most value out of a home sale or purchase by working with licensed professionals that have significant experience. Why risk your biggest asset to an 18 year old unlicensed person at a bank or credit union (these "loan officers" are often times unlicensed, although afforded lofty titles)? Find additional information from Andy May at Andy May's blog. ADRMortgage.com was founded by Andy May in 2005. Refinance, Purchase, VA, FHA, and nearly every loan product - for additional information, please go to http://www.adrmortgage.com or contact Andy May directly. License number 103418.

Posted by Andrew Walter May on April 9th, 2014 11:52 AMPost a Comment (0)

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Best Raleigh Mortgage Broker, Andy May, Explains Top Five Ways to Tell if the Consumers' Builder is Deceptive

Best Raleigh Mortgage Broker explains top five ways to tell if the builder is deceptive, by Andy May, the mortgage expert.

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andymay@adrmortgage.com

Get independent, professional fiduciary help, that's not always the consumers' Realtor since they may be be-holden to the builder. One Realtor showed us her husbands' custom built homes without informing us.

Raleigh, North Carolina (PRWEB) March 21, 2014

Best Raleigh Mortgage Broker, Andy May, explains top five ways to tell if the consumers' builder is deceptive. Top five ways to tell if the home builder is deceptive. The Consumer Financial Protection Bureau is here to help with unfair and deceptive mortgage practices. But if the consumer doesn't have a personal relationship with one of these Washington D.C. employees, can the State Banking Commission help? Can the consumer understand if the builder is deceptive? It's more than the Chinese wall-board situation. It's about full disclosure at the closing table. Here are the five ways to tell if the consumer is getting a fair deal.

First, if the builder only allows one lender-option the consumer may be deceived into thinking their is an "open market" for the property and the loan. Andy May, the mortgage expert, has seen many cases where a "Too-big-to-fail" bank offers a "great deal" on the mortgage. The builder indicates that the consumer can only use this one Bank. Why? Often times the bank changes the rate and fees and/or the builder simply jacks the sales price up and papers over the appraisal. The consumer loses by potentially purchasing an inflated home. The result? The community may implode on itself. This deceptive practice continues to go on despite all the changes in the mortgage industry. The consumer, rather than save .125% on the rate, winds up potentially losing $25,000 or more. Regulators have tried to stop this insidious practice, with limited success.

Second, if the person selling the property to the consumer is the same person "pulling" the consumers' credit and signing the purchase and sales contract the consumer may be getting "bundled". One client came to ADRMortgage.com in this situation, and often times the builder keeps the earnest money and due diligence checks when the consumer doesn't want to use the in-house providers (ADR got this consumers' due diligence and earnest money back). Builders have quite the profit incentive to simply keep your down payment, due diligence and earnest money. Many consumers never get their money back. If the Realtor says, "put your best foot forward and pay full price" - run, don't walk.

Third, hire custom builders. The big box builders are professional at getting the most profit out of the deal - and even potentially leaving the consumer with no mineral rights to the consumer's own property. Be a wise consumer and google the US Justice Department or the State Attorney General's office and the big box builder's name prior to stepping foot in a new development. If there are over a million complaints on the builder, simply select a smaller custom builder that isn't the "one-stop-shop" experience that is being sold. Remember, if all the consumer's advice is coming from the same circle-of-companies (owned or paid under a CBA - controlled business arrangement) the consumer may pay more than the property is really worth.

Fourth, check the local government websites (http://services.wakegov.com/realestate/) for the cost per square foot, not of the builder's offerings but rather, of the neighborhoods within 1 mile of the builder. Here the consumer will see what the cost per square foot is, for competitor properties. If the builder wants an extra $25 or more per square foot the consumer should seek professional help.

Lastly, if the builder has the potential to open up the back-40 to "estate homes". Run, don't walk. These often times wind up never happening, or worse yet getting converted to town homes. Andy May has built several custom homes and knows what to avoid and what the consumer can expect.

Call Andy May if interested in getting pre-approved for a loan at 919-771-3379.

Get the most value out of a home sale or purchase by working with licensed professionals that have significant experience. Why risk your biggest asset to an 18 year old unlicensed person at a bank or credit union (these "loan officers" are often times unlicensed, although afforded lofty titles)? Find additional information from Andy May at Andy May's blog. ADRMortgage.com was founded by Andy May in 2005. Refinance, Purchase, VA, FHA, and nearly every loan product - for additional information, please go to http://www.adrmortgage.com or contact Andy May directly. License number 103418.


Posted by Andrew Walter May on March 21st, 2014 10:11 AMPost a Comment (0)

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Lynn Furr, Realtor Coldwell Banker and Andy May, senior loan officer ADRMortgage.com explain December 2013 home price data in the Triangle (Raleigh Durham Chapel Hill).
Home Prices continue to go up as Wake County and the Triangle experience strong growth.

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Raleigh, North Carolina -- Jan 17, 2014 / (http://www.myprgenie.com) -- December 2013 data point to continued short supply of housing stock in the Research Triangle (Raleigh, Durham and Chapel Hill), as Andy May, the mortgage expert, and Lynn Furr, realtor, explain the data (919-306-0018). Raleigh-Durham-Chapel Hill continue to grow as relocation and government spending in the capital city propel home prices.

 

With a housing supply that has fallen to just 3.5 months, according to Triangle MLS, this top relocation market will see home prices continue to rise.
Here's the data:

 

Unit home sales in Wake county are up +19% in December 2013 and +25% YTD through December 2013. Lynn Furr, Realtor, can provide neighborhood level data when looking more specifically. (919) 306-0018. Additionally, average home prices are rising rapidly. Average YTD through December, 2013 home prices are up 4%. The percentage off original list price that a home sells for in Wake County has also risen to 98% YTD December 2013. Indicating that sellers are getting closer to the original list price.

 


While all this is interesting, what about the future housing stock 
and unemployment rates in Wake County? Wake County has a super-low housing stock supply of 3.5 months (aka a "Sellers Market"). The supply of home inventory is down another 28% December 2013 over December 2012 resulting in only 4836 homes for sale (less than 4 months supply).

 

Couple the housing stock numbers with job growth (and unemployment) and future home prices can be predicted with relative accuracy. According to WRAL, the Triangle has some of the lowest State unemployment levels. This site has a color-coordinated map that easily illustrates that future job growth is around the counties of the Triangle area (Wake county unemployment is down to the mid 6% range).

 

Triangle residential home price appreciation should continue to follow a low overall unemployment rate with a short supply of housing stock. Durham and Chapel Hill data can be requested by contacting Andy May, the mortgage expert.

 

For more information on mortgage loans, call ADRMortgage.com at 919 771 3379 or visit ADRMortgage on the web. Lynn Furr, realtor, states, "The Triangle has remained a top 5 relocation market due to excellent schools, outdoor activities, and a big city life style at country prices."

 

Get the most value out of a home sale or purchase by working with licensed professionals that have significant experience. Why risk your biggest asset to an 18 year old unlicensed person? Find additional information from Andy May at Andy May's blog. ADRMortgage.com was founded by Andy May in 2005. For additional information please go to http://www.adrmortgage.com or contact Andy May directly. License number 103418.


Contact: Andy May, andymay@adrmortgage.com, 9197713379 


Posted by Andrew Walter May on January 22nd, 2014 9:58 AMPost a Comment (0)

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