Potential Home Buyers Wrong About Down Payment

Mortgage professionals say that first-time buyers still believe a 20% down payment is necessary to buy in today’s Northern VA real estate market.  To be exact 69% of first time buyers believe this.  Translation: most potential home buyers  wrong about down payment needs.  A recent survey conducted by Genworth Financial Inc. at the Annual Mortgage […]

Can Your Real Estate Agent Answer These Important Questions?

Whether you are selling or buying a home in Northern VA, the real estate agent you hire is critical to guaranteeing your family makes the right decision. Most agents can walk you through the process and explain the industry ‘lingo,’ but you should expect so much more than that. The housing crisis made everyone aware […]

First Comes Love… Then Comes Mortgage?

The National Association of REALTORS most recent Profile of Home Buyers & Sellers, reports married couples once again dominated the first-time homebuyer statistics in 2016 at 58% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.  This […]

2 Myths About Mortgages Holding Back Home Buyers

Knowledge is power, but all too often it may be backed by “alternative facts” which is the case of the 2 myths about mortgages holding back Home buyers.  Fannie Mae’s article, “What Consumers (Don’t) Know About Mortgage Qualification Criteria,” revealed that “only 5 to 16 percent of respondents know the correct ranges for key mortgage […]

Terms to Know When Buying and Selling a Home in Northern Virginia

I have defined some real estate terms to know when buying and selling a home in Northern VA that may help when reading my articles or understanding a sales contract in Fairfax, Prince William, Arlington, Alexandria or anywhere in Northern Virginia. Comparative Market Analysis (CMA) — Research preformed on a specific subject home to create a […]