Home buyers, here’s yet another great way to save money on your purchase of Northern Virginia real estate: Assume an existing FHA or VA loan. The recent low interest rates on FHA and VA loans make assumption an attractive choice for many buyers who meet the qualifications.
Home Security – Summer Safety Reminders
Whether you are a renter or an owner of Northern Virginia real estate, home is a place that we all would like to feel safe and secure. Unfortunately, we cannot become complacent with our home safety habits, because burglars are especially active during the summer months, when many people vacation and leave their homes unoccupied.
All good real estate agents showing buyers homes for sale in Northern Virginia will agree that the benefits of having a lender’s pre-approval are undeniable. It is good for everyone involved in the home buying process; buyers, sellers and agents.
Whether you are looking to buy Northern Virginia real estate, or are refinancing, it is worth it to consider entering a 15 year mortgage over a 30 year one. If you can handle payments, which will be a bit higher, you’ll enjoy the lower interest rate and faster equity accumulation. Take the example in the […]
I am always on the lookout to help owners of northern Virginia real estate benefit as much as possible from their home investment. Did you know that you can rent out part or your entire home and not have to declare that rental income? You as a homeowner can benefit from a little known provision […]
Here is another easy way we can save money as homeowners of northern Virginia real estate: automatic thermostats.
In this age of technology and the prevalence of personal computers, everyone has either experienced or knows of someone who has lost their data from a crashed hard drive, an accident or a burglary. For those who had created a backup, this data loss was more inconvenient than critical. We all know of the importance of backing up important information.
Owners of northern Virginia real estate, please be aware: The IRS currently has a $1.1 million limit on mortgage interest deduction. A recent U.S. Tax Court ruling upholds the IRS’ position that this deduction applies per residence and not per taxpayer.
Many owners of northern Virginia real estate have felt the impact of foreclosures and short sales in their neighborhoods. If you have been affected with a foreclosure or short sale, have you taken advantage of the Mortgage Forgiveness Relief Act of 2007?
Housing Affordability Index is at an all time high, encouraging buyers to take advantage of the current real estate market conditions.
