If you are thinking about purchasing a home in the near future rather than continuing to rent, you are making a decision that offers quite a few benefits, financial and otherwise. While renting does have its pros as well as its cons, in this post, we are going to focus on giving you an overview … [Read more...]
Why This is an Ideal Time to Buy a Home in Virginia
We’ve been in a strong seller’s market for a while in Virginia. But if you are thinking about purchasing a home in the near future, this could be an ideal time to make your move. Let’s take a look at the reasons. Virginia REALTORS recently released its 2023 Economic & Housing Market Forecast. … [Read more...]
What Size Down Payment Should You Make?
When you take out a mortgage on a new home, one of the decisions you have to make is the size of your down payment. The type of home loan you choose as well as your qualifications will determine the minimum down payment size. But beyond that, you can certainly decide if you want to pay … [Read more...]
How Do You Narrow Down Your Loan Options?
Homebuyers are sometimes surprised by just how many loan options there are. While having choices is a good thing, there is no denying that sometimes, it can be hard to navigate with so many options. If you are in the process of trying to narrow down mortgage options for yourself, you could be … [Read more...]
What to Know About Jumbo Loans
Looking into purchasing a home in Virginia that requires more financing than conforming mortgages provide? A jumbo loan can help you buy your dream home. Below, we go over a few things you should know about jumbo mortgages before you apply. 5 Things You Should Know About Jumbo … [Read more...]
What are the Benefits of Refinancing to Consolidate?
Are you paying off high interest debts? If so, you may feel like it is impossible to catch up. You are pouring so much money into the interest that it is taking forever to pay off the principals. You can give yourself a chance to pay off your debts more rapidly by consolidating them. One way you … [Read more...]
What are the Pros and Cons of a Cash-Out Refinance?
A cash-out refinance is an option you might consider if you want to borrow money and/or consolidate existing debts. This type of refinance can help you cover your expenses,so here’s a few details that can help you decide if a cash-out refi might suit your financial situation. Pros of a Cash-Out … [Read more...]
What Should You Look for When Choosing Homeowners Insurance?
During the process of applying for a mortgage and purchasing a home, you will need to shop for homeowners insurance. This is necessary before you can take out a mortgage, and is also important for protecting your investment. Rates as well as quality of policies can vary from one insurer to … [Read more...]
With Interest Rates Rising, Now is the Time to Buy a Home
If you are in the market for a home, you are no doubt aware that interest rates are rising. In fact, we can expect the Fed to raise them again in the near future. For that reason, this is a wise time to make a move on real estate. Below, we discuss the situation with interest rates in more detail … [Read more...]
Ways to Drop Mortgage Insurance
Depending on the type of home loan you have and the down payment you made, you might be paying for mortgage insurance as MIP or PMI. In either case, mortgage insurance is a significant ongoing expense that can eat into your finances. If you are able to stop paying for mortgage insurance, you can … [Read more...]
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