Federal Housing Administration (FHA) loans can be confusing because the FHA does not make loans. It insures the loans made by lenders it has approved. So, if a lender defaults, the FHA covers the losses – not the lender.
One of the great benefits of an FHA insured loan is that it only requires a 3.5% down payment, making homeownership much more feasible for those potential buyers purchasing Fairfax VA Real Estate, who do not have the traditional 10%-20% down that conventional mortgages require.
Airfare, hotel and rental car are critical when planning a trip away from home. But there are plenty of other tasks for you to take care of to protect your home and take care of your pets, so you can relax and enjoy your trip.
This month’s issue of ‘Healthy Wealthy and Wise’ is now available. My Free Consumer Newsletter is loaded with useful Consumer & Health Tips, Wild Trivia, Funny Jokes, Entertainment, Quotes, and a bit of Money Saving ‘Insider’ advice from my Real Estate Radio Show!
The debate rages on – should I rent or should I buy, and there are compelling arguments for both sides, especially in the wake of the recent housing market meltdown. With a lot of homeowners displaced out of their homes due to short sale or foreclosure, they […]
Selecting the right color paint for your walls Do you own Fairfax VA Real Estate? Does your home need a facelift? Painting is one of the easiest and most inexpensive ways to add new life to the rooms in your home. It sounds easy – go to the paint store, pick out a sample […]
The term Fiscal Cliff has become a commonly used term, but most of us don’t know what it means and how it applies to Real Estate. Simply, it refers to sweeping tax cuts enacted a decade ago that were set to expire at year’s end. For real estate, it had the potential to derail the recovery that’s been slowly taking hold. Foreclosures would rise and home values would drop.
The uncertainty of what would happen if the Fiscal Cliff bill did not pass, had potential home buyers and sellers holding back on making a transaction
But, the recent legislation passed by Congress and signed by the President, makes Northern Virginia Real Estate a good investment.
If you have been shopping for Fairfax, Va real estate recently, you may notice prices are rising again, and competition for homes has started heating up. A “sellers market” may be where you find yourself as a buyer if you are looking at homes for sale in Northern Virginia.
As the market shifts from a buyer’s market, it’s good to know how to improve your chances to have the seller accept your offer. The secret to finding the best home at the best price is knowing how to present your offer in this changing market.
I hope that all of my Fairfax County, VA friends had a wonderful holiday season! After spending the holidays with family and friends, this is a time of the year to start thinking about changes to make in our lives, both personal and in business.
Do you know the pros and cons of having a home warranty? It’s common for sellers to offer home warranties on their properties, and buyers might find it an incentive. But a growing number of owners of Fairfax, VA real estate and Vienna, VA real estate are purchasing home warranties without even being in a real estate transaction. Some have seen that the home warranty service agreement can limit the unexpected expenses of repairs and replacements of the home you intend to live in for awhile.
There are many owners of Fairfax, Va real estate who are concerned right now about how to afford one of the larger price tags of parenthood: funding your child’s college education. As homeowners, we have a lot of things to save for and invest in, but not always enough discretionary income after the family essentials have been met. In almost any economy, wise real estate investors have an interesting option…
