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?
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.
There is an interesting trend occurring this year – in Northern Virginia real estate and real estate markets throughout the country – and buyers need to be aware. There may be an explanation for why there is still not a huge sense of urgency to purchase a home now, even though mortgage rates remain extraordinarily low.
It is a problem in neighborhoods across the country. It could happen in your Northern Virginia neighborhood. “It” is the upsetting sight of a property that isn’t being maintained to the same standards as the rest of the surrounding homes. What is the best way to handle the issue, maintain relationships and retain the value of your home and neighborhood?
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!
The Northern Virginia real estate market has been heating up this summer, and loan interest rates have stayed low, so you may be considering buying a new home, refinancing or getting a home equity loan. In any of those situations, knowing the current value of your home is important. Home values are best determined by recent sales and the supply and demand of properties currently on the market.
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!
Most people agree that homeownership rules! Many people say they want a home they can call their own, to raise a family and to feel safe. Homes also account for a great part of most people’s net worth. During this rebounding market period in Northern Virginia real estate, more folks are again looking toward being home owners.