If you’re considering purchasing or refinancing a home in Virginia Beach VA, it’s important to take the necessary steps to increase your credit score. You want to ensure you have the highest credit score possible, so you will be better positioned to qualify for the best possible mortgage rate and products. Continue reading
As the real estate market in Hampton Roads continues to stabilize, many buyers are considering purchasing a home with a FHA loan. Originally created to boost home ownership for moderate-income families, FHA loans offer low down payment guidelines and affordable closing cost. These benefits have positioned FHA loans as an increasingly popular financing tool for buyers of all income levels. Continue reading
Buying a new home in Virginia Beach VA can be an exciting experience. Whether you’re moving across town or across the country, buying a house is an important milestone impacting your future. Just as with any major decisions in life, deciding on the type of financing that is best for you, should be carefully researched. Continue reading
The spring season is here in Virginia Beach, and now is the time to get your home market-ready. When you list your home and invite potential buyers in, it’s important to have your property ready for the market or you risk the opportunity to make a good first impression. Updates don’t have to be expensive, and with a little preparation and planning, your home will stand-out, which means a faster sale and less market time.
Here are 7 simple ideas to get your home market-ready. Continue reading
If you are like many Virginia Beach VA property owners, you’ve most likely considered refinancing your current mortgage to take advantage of low interest rates. Before you decide if refinancing is right for you and your family, it’s recommended you consider the different options and the pros and cons of a refinance. Continue reading
If you’re interested in taking advantage of the current low interest rates to refinance your Hampton Roads VA home, you may want to consider the Home Affordable Refinance Program, also known as HARP. Continue reading
Private mortgage insurance, also referred to as lender mortgage insurance, is the part of the monthly mortgage payment that a buyer pays to the lender if the mortgage is more than 80% of the purchase price of the property. In many cases, PMI is required for loan approval to protect the lender in case the buyer defaults on the loan. Once, payments reach 20% of the principal loan, PMI is removed from the mortgage and from the payments. Continue reading