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Big Wedding or Down Payment on a Home

Last year married couples made up 66% of all first time homebuyers according to the most recent NVAR Profile of Home Buyers & Sellers. These days two incomes certainly helps save for down payments and contribute to monthly housing costs.  Many couples are even opting to use what would otherwise be their wedding fund as […]

Know Your Wants vs. Needs Before Buying a Home

If you’ve been thinking about buying a home in Northern Va, you should make a list to know your wants vs. needs before buying a home. Many homebuyers fantasize about the amenities that they see on HGTV , Pinterest, or Houzz.com.  Unfortunately those homebuyers start looking at the countless homes listed for sale through rose-colored glasses. Do you […]

Buyers Putting Down Less Than 10% Hits 7-Year High

According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high. Many mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to put […]

52% of Approved Loans Have A FICO® Score Under 750

The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market. One such study by the Wharton School of Business at the University of Pennsylvania revealed that many millennials have not yet considered purchasing homes simply because […]

The Rental Trap!

There are many benefits to homeownership in Northern VA. One of the top benefits is being able to protect yourself from the rental trap of rising rents!  Northern VA residents can lock in housing cost for the life of your mortgage by buying a home. Don’t Become Trapped  A recent article by ConsumerAffairs addressed the continuous rise in rents, […]