We’re not talking about your “arm” – we’re talking about an adjustable-rate-mortgage. See, an adjustable-rate mortgages just simply is not the right choice for many homeowners – especially if they plan to own the home for a long time. As a stat, less than 3% of buyers choose an adjustable-rate mortgage according to NAR’s 2021 […]
Now is a great time to consider purchasing one of the gorgeous homes for sale in Fairfax! The median price of homes for sale in the area has come down significantly over the past couple of months. That’s great news for you! That means that there are more homes available to you in your price […]
Now is a great time to consider buying a home in Fairfax! As you can see by the red line on the graph above, the median price of homes for sale in Fairfax has come down since its peak at the end of the summer. That’s great news! That means that you could make a […]
When you are saying that the Fairfax VA Real Estate market has a low inventory it depends on what you are comparing it too. Are you comparing it to the number of total homes that were on the market last year at the same time? Are you comparing it to homes in a price range? […]
First impressions of a home go a long way in determining how quickly your home will sell. Your major role as a seller will be to make your home as attractive as possible to potential buyers – you need to be viewing your home through the eyes of potential buyers. With some time, effort and limited financial investment, you can grab the competitive edge you need to sell your home at the price you want.
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.
Are you a buyer looking to purchase Fairfax, Va real estate or other Northern Virginia real estate? Actually, anyone looking to purchase a new home with an FHA mortgage loan needs to be aware of some changes on the horizon for mortgage insurance premium (MIP) requirements.
You may be considering transferring the title of your Northern Virginia real estate to an adult child or another person as a gift. Or you may have made stipulations for its transfer in your will. The two situations may be treated differently by the IRS and can have significant tax implications.
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 […]