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.
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 […]
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.
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.
How to Invest as You Age
Are owners of Fairfax, Va homes throwing money down the drain? It is possible that plumbing issues could be causing us more than we know. Here are a few tips on keeping up with the plumbing on your Northern Virginia real estate, and keeping the extra dollars in your pocket.
If you are in process of procuring a mortgage to purchase a Fairfax, Va home, or any home for sale in Northern Virginia, it’s important to understand the tax implications of “buying down” your interest rate with pre-paid points. Pre-paid interest, sometimes called “points”, can be tax deductible when a person pays them in connection […]
This has been a hard week for residents of Fairfax, Vienna, Reston and all owners of Northern Virginia real estate.
Many of us are recovering from the damage and/or inconvenience of Hurricane Sandy. I hope that you, your family and friends have weathered the storm safely and that you have the support and resources to get “back to normal”. That’s what we are trying to do here at the Roche household. For more local information from Fairfax County government on Hurricane Sandy recovery, visit the Fairfax County Emergency Information blog.
The question plaguing every Northern Virginia tenant who wants a home of their own is whether it is more beneficial to continue renting, or to purchase a home of their own. The Fairfax, Virginia real estate prices look great, and the interest rates are still attractive. But what factors should you consider before taking the plunge?
