Posted in FAQs, Finances, tagged Finances on November 25, 2008 | Leave a Comment »
What You Need for a Mortgage
Looking through this list it may appear intimidating at first. But if you simply set these items aside as you receive them, or make a quick hunt through your files (you do have them, don’t you?), you can probably pull them together without too much stress:
W-2 forms — or business [...]
Posted in Economics, Finances, tagged Finances on October 8, 2008 | Leave a Comment »
Feeling a little insecure about money these days?
Lots of angst out there among homebuyers in Arlington about the availability of money to buy a home. Are loans still available? Are banks still in business? Is it even possible to qualify for a mortgage? Lots of concern and misinformation floating around these days.
To top it all off, [...]
Posted in Arlington, Finances, tagged Finances, foreclosures, short sales on October 7, 2008 | 1 Comment »
I love a bargain
What is a Short Sale?
When a home-owner misses a mortgage payment their loan goes into default and a red flag goes off for the bank. Prior to missing a payment, it is highly unlikely that the bank will be open to conducting a short sale on the property. It is at this [...]
Posted in Arlington, FAQs, Finances, cool web toys, tagged Finances on August 26, 2008 | 1 Comment »
Q: How the heck do I get the money for a downpayment?
A: There are a few ways:
Save up
Tap your 401k (but be sure to pay yourself back!)
Take the $7,500 tax credit for qualified first-time homebuyers that is now likely to be authorized by The Housing and Economic Recovery Act of 2008. The tax credit [...]
Posted in Finances, Uncategorized, tagged FAQs, Finances on July 31, 2008 | Leave a Comment »
How much did you say my monthly payment is?
Photo courtesy of seanmccann
Something to Keep in Mind
Your monthly home payment includes more than the principle and interest on your mortgage, it also includes property tax and quite probably mortgage insurance. Property tax is calculated on assessed value, that is, whatever the governing jurisdiction determines to [...]
Posted in Finances, Statistics, tagged Finances, Statistics on June 13, 2008 | Leave a Comment »
Posted in Arlington, Finances, Statistics, tagged Arlington, Finances, Statistics on May 13, 2008 | Leave a Comment »
Posted in Finances, tagged Finances on April 29, 2008 | Leave a Comment »
I always advise clients to use local lenders for their mortgage, since that really helps to keep the whole process from contract ratification to settlement on track. I also advise against using an internet-based lender, because you can actually do some significant harm to your credit score. I wasn’t really thinking much about [...]
Posted in Finances, tagged Finances on April 13, 2008 | Leave a Comment »
Posted in Finances, tagged Finances on November 19, 2007 | 1 Comment »
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