Most people are aware that they can get the IRS to write off most of their mortgage payments once they own a Fairfax VA home, a major advantage over renting where you won’t get to write off anything.
Most people are unaware of being able to modify their Fairfax real estate taxes without litigation. Those who feel that their Fairfax VA homes are over-assessed can easily get their taxes decreased.
As a Fairfax VA home owner, getting the most out of your hazard insurance policy is paramount. Though it might cost more than a thousand dollars a year, there’s a way to mitigate these costs that insurance agents don’t advertise and that you can take advantage of by learning from the right people. However, there’s […]
A homeowner’s hazard insurance is an annual requirement to everyone who has a home loan or mortgage. This protects your Fairfax VA home in the event of a fire, tornado, earthquake, hurricane, and any sudden catastrophe that might befall the property, even against crimes such as a burglary. Not only does it cover the house itself, but also its contents. Even if the Fairfax VA home you’re living in doesn’t have a mortgage involved, it’s still very worthwhile to get it.
Your choice of lender has a big impact on your Fairfax VA home’s mortgage interest rate. You can either go for mortgage bankers or mortgage brokers. And though they both advocate having the best program and products for you, which should you pick?
Getting the best interest rate on your Fairfax VA home mortgage can save you almost $100 to $300 off of your monthly payments. Interest rates are basically determined by two factors: credit score and choice of lender. Here’s how to improve your credit score and thereby get you a better interest rate. Your credit score […]
After a distressed Fairfax VA home has gone through short sales or foreclosure auction but still remains unsold, the bank will take it back themselves and foreclose it. It will then become an REO sale; REO meaning Real Estate Owned, or in other words, bank-owned properties.
After Fairfax short sales, the second strategy involves foreclosure auction. This happens when the bank itself takes the Fairfax foreclosure back from the seller. This might be the most hazardous time to buy Fairfax VA homes for sale since you won’t be allowed to see or inspect the property at this time. It’s highly advantageous for you, then, to know of the pitfalls and dangers to avoid, and the corresponding profits to make.
Talking about foreclosure can fill up an entire book by itself. However, there are three types of foreclosures you should be aware of when buying this kind of Fairfax VA homes for sale.
In buying Fairfax VA homes for sale, another opportunity to save on closing costs is in the home and land survey recertification. The lender requires all buyers of Fairfax VA homes to get a survey which can run from about a couple hundred dollars to as much as a couple thousand dollars. Some surveys have […]
