Tag Archives: Homeownership






Renters Want to Buy

In a recently released study, Fannie Mae states the consumer attitudes continue to be favorable about homeownership, especially with younger generations, ages 18 to 34. When comparing the financial and lifestyle benefits, slightly over half of them (71 percent) think that owning makes more sense than renting. Protection against rent increases was mentioned.



Preparing your home to sell quickly

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.


FHA Loans and Mortgage Insurance Premium – More Expensive than Expected

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.