Beginning April 1, the FHA will raise the annual Mortgage Insurance Premium (MIP) to 1.25% of the loan amount. MIP is a requirement on all FHA loans, and covers lenders when borrowers default on their mortgages. Also, starting June 1, the premium on high dollar FHA loans (larger than $625,500 in high-cost areas) will increase […]
Owners of Northern Virginia real estate are looking to keep repairs & maintenance cost to a minimum! Even if you are not considering selling your home at this time, preventative maintenance is an imperative step to securing your real estate investment. We’ve heard the advice, “If it isn’t broke, don’t fix it,” but when it […]
If you are looking for homes for sale in northern Virginia, consider purchasing one for an investment. Rental homes offer a high return on investment without the instability of stock market fluctuations, and are considered and IDEAL investment in this economy. The “IDEAL” acronym above illustrates the major advantages of investing in rental properties: Income […]
If you put money in your bank savings, you’ll make around 1% or less nowadays. Plus you pay income tax on that interest. However, if you contribute that same money or something extra to your mortgage payment every month basis instead, you will earn at the mortgage interest rate you are paying. And that is […]
Similar to Diogenes’ search for an honest & fair man, most homeowners are looking for someone who does quality repairs at an honest and fair price. The task appears fairly simple but if you’ve ever tried to find someone to repair something in the past, you know how tough it can be. Finding a list […]
Believe it or not, for many local residents, it is true. But, as many financial planners will tell you, as with any investment, it could depend on the length of time you stay in the home. Unfortunately, many publications just don’t “get it”, when it comes down to analyzing the rate of return on a […]
One of the greatest perks about owning your own home versus renting is all of the tax deductions. In fact, owners who itemize their taxes can deduct 100 percent of their mortgage interest and property taxes from their income tax returns. That means that if you’re in a 28% tax bracket, Uncle Sam effectively subsidizes […]
Wow!, we can’t even sell a home in Northern Virginia Real Estate in under 3 hours. And here they have built an entire house in the time it takes to watch a movie. Watch the video: http://video.google.com/videoplay?docid=5661470904690661035#
