Tag Archives: Northern VA Homebuyers

Had I Know…

You have probably thought about or at least said out loud “if I knew then, what I know now, I would have done things different.” Thoughts like “I should have stayed in school,” or “I should have listened a bit more to my parents” come to mind.

Get Your Offer Accepted

With dramatically shrinking inventory, many real estate markets are now experiencing multiple offers on a home. It is a benefit for sellers with homes for sale in Northern Virginia, who prefer to be able to pick the best offer for them, but it’s frustrating for buyers. As a buyer, you may consider the following tips to get your offer accepted.

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.

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 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.