Virginia Mortgage Loans

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If you were thinking about buying a home this year, but already pressed pause on your plans due to rising home prices and increasing mortgage rates, there’s something you should consider. According to the latest report from ATTOM Data, owning a home is more affordable than renting in the majority of the country. The 2022 […] http://dlvr.it/SJ6MKD

Some Highlights * Buying a home and wondering if your inspection is necessary? While some buyers may decide to waive their inspection, it’s risky decision. * Your home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase, so you can avoid costly surprises down the road. * Let’s connect so you have expert advice and a trusted professional who will keep your interests top of mind. http://dlvr.it/SHyYKt

Many members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about homeownership. The sooner you start planning, the sooner you can move on from renting. As you […] http://dlvr.it/SHm897

You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a pre-approval letter prior to making an offer. Here’s why. Being intentional […] http://dlvr.it/SHhggz

One key question that’s top of mind for homebuyers this year is: why is it so hard to find a house to buy? http://dlvr.it/SHVbDY

  If you’re on the fence about whether or not you want to sell your house this year, there’s good news. For nearly two years, real estate professionals have worked tirelessly to ensure the safety of   buyers   and   sellers   during the pandemic. Today, they’re seasoned experts, not just in the art of buying and selling homes, but also in how to keep you safe throughout the process.  Real estate professionals  have learned new technologies plus safety and sanitation measures. As new variants emerge, those lessons continue to be key ways agents add value. Real Estate Advisors Stay Current on Guidance for In-Person Showings Agents don’t leave your health up to chance. They follow guidance from the  Centers for Disease Control  (CDC) and the  National Association of Realtors  (NAR) to ensure in-person showings are safe. NAR maintains industry-specific resources to ensure agents are informed on the latest recommendations and best practi...

  As you set out on your homebuying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment? If you think you have to put 20% down, you may have set your goal based on a common misconception.  Freddie Mac   says : “The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20% is necessary.” Unless specified by your loan type or lender,  it’s typically not required to put 20% down . According to the  Profile of Home Buyers and Sellers  from the  National Association of Realtors  (NAR), the median down payment hasn’t been over 20% since 2005. It may sound surprising, but today, that number is only 13%. And it’s even lower for  first-time  homebuyers,  whose median down payment is only 7%   (see graph below) : What Does This Mean for You? While a down payment of 20% or more does ...