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For the past few months I have been constantly talking about how our market would start slowing down now that we’re into the Holidays and the Winter, but I have to admit – this year seems to be proving me wrong! While it’s true our inventory is incredibly low right now, that is making it [...]
Posts Tagged ‘financing’
Jumbo Conforming Loan Limits To Decrease In October 2011
June 9th, 2011 
Laura Current jumbo conforming loan limits are $729,750 in the DC Metro area. That’s slated to be reduced to $625,500 as of October 1, 2011. Need me to break that down into regular words? Currently, you can borrow money up to $729,750 at a reasonable interest rate, and everything above that amount is called “Jumbo Money” [...]
FHA Loans About To Get More Expensive: First Time Home Buyers Take Caution
September 2nd, 2010 Laura FHA loans are Government backed loans, provided by the Federal Housing Administration (FHA), so they’re easier programs to qualify for when buying a house/condo/townhouse. To use an FHA loan to buy a property, you need a minimum credit score of 620, a minimum down-payment of 3.5% (for now), and you can qualify for one just [...]
Did You Know You Don’t Need A Mortgage in Virginia?
August 3rd, 2010 Laura If only….wishful thinking. In Virginia we don’t actually use what’s commonly called a “Mortgage,” we use a Deed of Trust. What’s the difference? To you – not much. But they are different legal documents. What is a mortgage? A loan secured by real estate, held through a mortgage note which details the responsible parties (lender [...]
Posted in Arlington, Keller Williams Realty 
Tags: buying, deed of trust, financing, mortgage 
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