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 […]
For most Northern Virginia homeowners, Internet access in the home is as necessary as electricity and water. We work, play, learn, communicate and recreate using the Internet. While the Internet is a great resource to locate information about food, travel and a number of other things, it isn’t necessarily the best place to find a local internet service provider for your home in Northern Virginia.
This month’s issue of ‘Healthy Wealthy and Wise’ is now available. My Free Consumer Newsletter is loaded with useful Consumer & Health Tips, Wild Trivia, Funny Jokes, Entertainment, Quotes, and a bit of Money Saving ‘Insider’ advice from my Real Estate Radio Show!
Here’s a tip for potential FHA buyers of Northern Virginia homes for sale: Paying extra principal on your mortgage loan can help you remove the required monthly mortgage interest premium (MIP) faster, which will lower your monthly loan payment, reduce your overall interest, and build equity faster on your home.
When it comes to the American Dream of owning a home, nothing much has changed. People still want a place to call their own, to raise a family and feel secure. Homeownership also provides emotional and financial benefits. The American Dream in is still alive in the Northern Virginia real estate market and across the country!
It is no longer unusual to meet someone in your area who has had a foreclosure, short sale or bankruptcy. The recession has taken a toll on home owners across the country, as well as owners of Northern Virginia real estate. The big question on these people’s minds is, “When will I be able to qualify for a mortgage loan again?” The answer varies, because it depends on the financial route that has been chosen.
With all of the opportunities to purchase great homes for sale in Northern Virginia, you may have been thinking about purchasing another property, maybe even one for your retirement. Even if you are not ready to move into it yet, purchasing a home to retire to now will give you the benefit of the current low interest rates, reduced prices and lower competition.