Many forecasters are calling for slower home price appreciation (HPA) and that is a very good thing. As Core Logic reported recently, home prices rose 18.1% year over year from August 2020 to August 2021. “Annual home price growth was the most that we have ever seen in the 45-year history of the CoreLogic Home …
Why Slowing Home Price Appreciation Is Good For Buyers And Sellers Read More »
Home inspections give you the opportunity to have the home thoroughly examined by a professional before you spend any money to purchase it. Paying for a home inspection can be well worth it both for peace of mind and the potential cost of trouble avoided. What can you expect during your home inspection? Your home inspector’s …
Buying a home is exciting, but it’s easy to get overwhelmed if you’re not familiar with the homebuying vocabulary. One of the best things you can do as a homebuyer is learn some basic real estate and financing terms. Here is a list of frequently used homebuying terms and their definitions. What is an adjustable-rate …
With homebuying, everything is negotiable, from repairs and closing costs to furniture and appliances. Offers and counteroffers can negotiate on a mix of these factors. These are some of the most commonly negotiated aspects in homebuying. Purchase Price Your pre-qualification letter from your lender will tell you the maximum you can pay for a property, but you …
With rates near all-time lows, the housing market is buzzing with potential buyers! Low rates mean more affordable payments or more home for your money, and now is a great time to purchase a home. Below are a few tips and tricks to help you stand out from a crowd of other home buyers and …
Virginia Housing (formerly referred to as VHDA) offers affordable loan programs for Virginians. With the update of Income and Sales Prices in addition to an increase of Loan Limits, Virginia Housing continues to provide special homeownership opportunities. Effective August 18, 2021: Untitled Document Area Maximum Gross Household Income Sales Price/Loan Limit 2 or Fewer …
In today’s market, it’s important to make a competitive offer once you’ve found the right home. You’ll want to stand out from other interested buyers and convince the seller to accept your offer. Consider these tips to help you make a confident and informed offer while avoiding some of the most common homebuying pitfalls. 1. Check …
Paying cash for a home has benefits. Take advantage of being a cash buyer to give the seller confidence the transaction will close quickly and have the option of getting a cash out refinance shortly after closing to avoid your savings being tied up in your home. Or if you have already purchased a home …
The 20% Down Payment Myth Many first time home buyers believe they must put 20 percent down on a home. But that is far from the truth! In 2019, NAR found that the average down payment on a house or condo was just 12 percent1. For first-time buyers, that number drops to six percent, and …
The Lowdown on Down Payments & Mortgage Insurance Read More »
Two questions continue to be asked of me. The first is, should I worry about rising prices and wait for the market to slow? The second is, is there a risk of a housing bubble like the Great Recession of 2008? The answer to both questions is, no! Housing prices are not on a verge …
Low Down Payment Programs & Grants George Mason Mortgage has the program options to fit your story and our experienced mortgage professionals will help find the perfect match for you. If you want to become a homeowner, but you don’t have enough cash for a down payment, a state or local down payment assistance program1 might …
Take the stress out of moving with this checklist. Here is a list of essential tasks as well as the ideal times to conduct them. Our goal is to provide you with the resources you need for a successful move. 6-8 Weeks Before Moving Budget for moving expenses and obtain estimates from moving companies Call …
Knowing the path will travel together helps the journey go more smoothly. We have outlined some important highlights so you know what to expect along the way. 1. Get Pre-Qualified The best way to approach a real estate agent is with a mortgage pre-qualification in hand. It shows that you’re ready and able to buy …
Our goal is to make your home buying experience as smooth as possible. We have highlighted some best practices to help keep your finances in order as you prepare for your journey home. DO Stay current on your rent and all monthly bills Remain with your current employer Check your credit score Find and organize …
Whether you are buying your first home, right-sizing now that the kids are gone, navigating the jumbo luxury market, renovating your home, or working with a developer to build your dream home, we can help find the mortgage solution for you. Our mortgage professionals are focused on helping you reach your homeownership goals. There’s never …
