Tag Archives: Fairfax Homes market update

Save Money on Your Taxes by Bunching

Having low mortgage interest rates can be a drawback if the total interest and property taxes paid are below the amount paid for a standard deduction.  If you plan a little you may be able to improve your situation at least every other year. Anyone that keeps tabs on their taxes knows that you can […]

FHA Fees Rising This Spring!

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 […]